PALABORA MINING COMPANY LIMITED - Announcement Pertaining To Withdrawal Of Cautionary

Announcement Pertaining To Withdrawal Of Cautionary

PALABORA MINING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
Registration number – 1956/002134/06
JSE Code: PAM ISIN: ZAE000005245
("Palabora" or "the Company")

ANNOUNCEMENT PERTAINING TO WITHDRAWAL OF CAUTIONARY

Shareholders of Palabora ("Shareholders") are referred to (i) the announcement published by
the Company on the Stock Exchange News Service of the JSE Limited on 1 August 2013
(“Announcement”), in which Shareholders were advised of the implementation of the sale by the
Rio Tinto Group and Anglo South Africa Capital Proprietary Limited of their collective 74.5%
interest in the issued share capital of the Company to a consortium comprising South African and
Chinese entities led by the Industrial Development Corporation of South Africa SOC Limited and
Hebei Iron & Steel Group Co. Ltd. ("Consortium"), as well as to (ii) the renewal of/update to
cautionary announcements published on 12 February 2013, 27 March 2013, 13 May 2013, 1 July
2013, 5 July 2013, 18 July 2013 and 14 August 2013 ("Cautionary Announcements"). The
Announcement referred to the requirement that the Consortium extend an offer to all remaining
Shareholders to acquire their ordinary shares in Palabora (“Mandatory Offer”).

Additionally, Shareholders are referred to the announcement published on SENS today, 16
September 2013, in which Shareholders are advised that the circular which includes the full terms
of the Mandatory Offer has now been posted to Shareholders today, 16 September 2013.

The Company is therefore pleased to announce that the requirement of the Consortium to make a
Mandatory Offer to Shareholders has now been met. Accordingly, the Cautionary Announcements
are hereby withdrawn and caution is no longer required to be exercised by Shareholders when
dealing in Palabora’s securities.

Phalaborwa
16 September 2013

Sponsor
One Capital

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