Update on Thabex's listing on the JSE THABEX LIMITED Registration Number 1988/000763/06 (Incorporated in the Republic of South Africa) Share code: TBX ISIN: ZAE000013686 (“Thabex” or “the Company”) Young Lions Exploring Africa UPDATE ON THABEX’S LISTING ON THE JSE Shareholders are referred to the SENS and press announcement of 23 May 2013 relating to, inter alia, the proposed termination of the Company’s listing on the JSE. On 6 June 2013, the JSE informed Thabex that it had decided to terminate the listing of Thabex securities with effect from 24 June 2013. Furthermore, the Company has been informed that it may lodge an appeal against this decision to the Issuer Regulation Appeal Committee within 48 hours from receipt of such notification. Thabex shall lodge an appeal to the JSE before 12:00 on 10 June 2013. The Company’s primary reason for appealing the decision of the JSE is based on the opinion of the board of directors of Thabex that the termination of the Company’s listing is not in shareholders’ best interests on the grounds that the granting of the accepted Mineral Right of 23 February 2012 to Monastery Mine is a regulatory function of the Department of Mineral Resources and is outside the control of the management of Thabex. Shareholders shall be informed of the outcome of the appeal in due course. Johannesburg 7 June 2013 Merchantec Capital Sponsor Date: 07/06/2013 12:30:00 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.