Assmang Approves Ferromanganese Joint Venture in Malaysia ASSORE LIMITED (Incorporated in the Republic of South Africa) Registration number: 1950/037394/06 Share code: ASR ISIN: ZAE000146932 (“Assore” ) ASSMANG APPROVES FERROMANGANESE JOINT VENTURE IN MALAYSIA Assmang Limited (“Assmang”), jointly controlled by Assore Limited (“Assore”) and African Rainbow Minerals Limited (“ARM”), together with China Steel Corporation (“China Steel”) and Sumitomo Corporation (“Sumitomo) , have completed a definitive feasibility study to establish the financial viability of a manganese alloy smelting facility in Sarawak State, Malaysia. Assmang is pursuing this initiative to maintain its existing alloy customers and to access growing Asian markets, by leveraging the long term availability of reasonably priced hydro power with guaranteed low escalation rates in the region. To enhance Assmang’s returns from the project, it will sell manganese ore to the new joint venture. China Steel has approved an investment of USD62.46million to acquire a 19% interest, which is linked to the right to purchase 30 000 to 32 000 tonnes of alloys per annum from the project. This approval is subject to Taiwanese government approval. Sumitomo has secured board approval for the project and is pursuing the necessary regulatory approvals. The boards of directors of both Assore and ARM have conditionally approved the project and anticipate commencing construction during Q1 2014. Commissioning of furnaces would take place in 2016. The project is designed to have a full production capacity of 169 000 tonnes per annum. Illovo Boulevard Johannesburg 19 June 2013 Contact details: Alistair McAdam Tel: 011 - 770 6885 Financial adviser to Assmang Limited The Standard Bank of South Africa Limited Sponsor The Standard Bank of South Africa Limited Date: 19/06/2013 04:30:00 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.