Results of the scheme meetings Naledi Foundry of Republic of Dorbyl Limited South Africa Proprietary (Incorporated in the Limited Republic of South Africa) (Incorporated in the Republic Registration Number: of South Africa) 1911/001510/06 Registration Number: Share Code: DLV 2012/194053/07 ISIN: ZAE000002184 (“Naledi Foundry” or “the (“Company” or “Dorbyl”) Offeror”) RESULTS OF THE SCHEME MEETINGS Shareholders are referred to the announcement published on SENS on 22 April 2014 regarding the posting of the Circular and the notices of the Ordinary General Meeting, DLVP General Meeting and DLP1 General Meeting included therein in respect of, inter alia, the schemes of arrangement and are advised of the following: 1. at the general meeting of Ordinary Shareholders held today (“Ordinary General Meeting”), the proposed ordinary and special resolutions pertaining to the Ordinary Scheme, as contained in the notice of Ordinary General Meeting, were passed by the requisite majority of shareholders present and voting in person or by proxy; 2. at the general meeting of DLVP Preference Shareholders held today (“DLVP General Meeting”), the proposed ordinary, extraordinary and special resolutions pertaining to the DLVP Scheme, as contained in the notice of DLVP General Meeting, were passed by the requisite majority of shareholders present and voting in person or by proxy; and 3. at the general meeting of DLP1 Preference Shareholders held today (“DLP1 General Meeting”), the proposed ordinary, extraordinary and special resolutions pertaining to the DLP1 Scheme, as contained in the notice of DLP1 General Meeting, were passed by the requisite majority of shareholders present and voting in person or by proxy. Johannesburg 23 May 2014 PSG Capital Proprietary Limited Transaction Advisor and Sponsor to Dorbyl Date: 23/05/2014 04:54:00 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.