RESOURCE GENERATION LIMITED - Entitlement Offer Shortfall Fully Subscribed

Entitlement Offer Shortfall Fully Subscribed

Resource Generation Limited
Registered in Australia under the Corporations Act, 2001 (Cth) with
registration number ACN: 059 950 337
ISIN: AU000000RES1
Share Code on the ASX: RES
Share Code on the JSE: RSG
("Resgen" or the “Company”)


                  Entitlement Offer Shortfall Fully Subscribed

Resource Generation Limited is pleased to advise that it has raised the full $52.2 million
of the shortfall from the entitlement offer announced on 28 July 2013 (Entitlement
Offer). The full Entitlement Offer shortfall, together with the entitlements of ineligible
shareholders, of 237,161,400 shares at $0.22 per share were placed to strategic
shareholders, including Public Investment Corporation SOC Limited (PIC), Barsington
Ltd (a subsidiary of the Noble Group), Shinto Torii Inc (a subsidiary of Altius Investment
Holdings (Pty) Limited) (Altius) and domestic and international investors.

Established in 1911, PIC is one of the largest investment managers in Africa today,
managing assets of over ZAR1.4 trillion and still growing. It is a registered financial
services provider and is wholly owned by the South African Government, with the
Minister of Finance as shareholder representative. PIC invests funds on behalf of public
sector entities, based on investment mandates set by each of these clients and approved
by the Financial Services Board.

Altius is a South African investment holding company with interests in food, energy and
water.

The shareholdings of the major subscribers to the shortfall, post the shortfall placement,
are as follows:
    - PIC             19.90%
    - Barsington      17.97%
    - Shinto Torii 10.91%

Paul Jury, managing director, said ‘Together with the continuing support of the Noble
Group, we are particularly pleased to welcome the PIC and Altius as strategic
shareholders. The Boikarabelo Mine project is a South African project and the support of
these prestigious South African investors represents significant confidence in the merits
and importance of the project.’

Proceeds will be used primarily to commence major construction to proceed towards
production at the Boikarabelo mine and for working capital.

Sydney
22 October 2013

JSE Sponsor
Macquarie First South Capital Proprietary Limited

Contacts
Paul Jury, Managing Director on (02) 9376 9000 or
Steve Matthews, Company Secretary on (02) 9376 9000

Media enquiries
Anthony Tregoning (02) 8264 1000




Resource Generation Limited (ACN 059 950 337)             www.resgen.com.au
Level 12 Chifley Tower, 2 Chifley Square, Sydney NSW 2000
GPO Box 5490, Sydney NSW 2001. Phone +61 2 9376 9000 Fax +61 2 9376 9013

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