SENTULA MINING LIMITED - Trading Statement

Trading Statement

Sentula Mining Limited
Incorporated in the Republic of South Africa
(Registration number 1992/001973/06)
Share code: SNU ISIN: ZAE000107223
(“Sentula” or “the Group”)


 TRADING STATEMENT



In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement
as soon as they become reasonably certain that the financial results for the period to be reported on will
differ by more than 20% from that of the previous corresponding period.

Accordingly, a review of the financial results for the year ended 31 March 2013 (“the financial year”) by
management has indicated that the basic loss per share is expected to be at least 20% more than the basic
loss per share of 88.9 cents and that the headline earnings per share is expected to be at least 20% less
than the headline earnings per share of 21.7 cents for the year ended 31 March 2012.

The financial results for the period to be reported on have been impacted by the following operational, sector
related and extraneous factors:

-   Exploration drilling:
    o Significantly lower demand for exploration drilling in the South African platinum group metals sector,
      as mentioned in Sentula’s Reviewed Condensed Consolidated Interim Results released on SENS on
      15 November 2012, has continued to deteriorate, resulting in reduced asset and associated
      inventory utilisation;
    o Increased volatility and reduced activity in both gold exploration across the African continent and
      Mozambican coal exploration;
    o Limited client demand for older technology mechanical exploration drilling capacity resulting in the
      impairments of certain drill rigs and the obsolescence of related inventory; and
    o Consequent provisions made for slow moving and obsolete inventory and consumables.

-   Opencast Mining:
    o Termination of the Keaton Vanggatfontein project and the redeployment of the associated Benicon
      capacity to Anglo American Platinum’s Mogalakwena operation; and
    o The losses incurred on the disposal of the remaining moveable equipment of Megacube Mining
      Proprietary Limited by unreserved public auction.

A further trading statement will be published once the Group has a greater degree of certainty with regards to
its financial results for the financial year.

The financial information on which this trading statement is based has not been reviewed or reported on by
Sentula’s auditors.

Sentula’s year-end financial results are expected to be released on or about 27 June 2013.


Johannesburg
19 April 2013

Sponsor
Merchantec Capital

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