THABEX LIMITED - Update to shareholders

Update to shareholders

 Thabex Limited
 Incorporated in the Republic of South Africa
 (Registration number 1988/000763/06)
 Share code: TBX ISIN: ZAE000013686
 ("Thabex" or "the Company")
 Young Lions Exploring Africa


 UPDATE TO SHAREHOLDERS


Shareholders are referred to the SENS announcement dated 18 March 2013 referring to the second
provisional liquidation application against Angel Diamonds (Pty) Ltd (“Angel Diamonds”) (Case Number
CIV/PET/01/2011) (“the Second Liquidation Case”).

The appeal (Case Numbers C OF A 36 & 37/2012) against the dismissal of the Second Liquidation Case on
1 November 2012, was heard on 5 April 2013 in the Appeal Court of Lesotho and judgement is expected on
19 April 2013.

Shareholders will be advised of future developments.

Johannesburg

9 April 2013

Sponsor
Merchantec Capital

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