Update on the Disposal of the Megacube Assets SENTULA MINING LIMITED Incorporated in the Republic of South Africa (Registration number: 1992/001973/06) Share code: SNU ISIN: ZAE000107223 (“Sentula” or “the Company”) UPDATE ON THE DISPOSAL OF THE MEGACUBE ASSETS Shareholders are referred to the announcements released on SENS on 8 January 2013, 18 January 2013, 15 February 2013 and 19 March 2013 and using the terms defined therein unless otherwise stated, are advised that the Auction, which commenced on Wednesday, 27 March 2013, has been completed and consequently, the Gross Proceeds (being the actual sale price (excluding VAT) in respect of each item of Equipment (or part thereof) achieved at the Auction) have been determined. The Gross Proceeds achieved at the Auction amount to R118.7 million. As the final costs of the Auction, including the commission and marketing fee (being the fee payable to the Auctioneer for services rendered in relation to the Auction) and the management fee (being the fee which Megacube undertakes to pay the Auctioneer for the repair and refurbishment activities included in the Refurb Schedule) are still being finalised, an update on the pro forma financial effects of the Disposal on the reported financial information of Sentula released on SENS on 15 February 2013 and incorporated in the Circular dated 18 February 2013, will be provided to shareholders in due course. Johannesburg 2 April 2013 Sponsor Merchantec Capital Legal advisors Cliffe Dekker Hofmeyr Inc. Auditors and reporting accountants PricewaterhouseCoopers Inc. IR Advisors College Hill Date: 02/04/2013 04:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.