TRANS HEX GROUP LIMITED - Update regarding the acquisition of Namaqualand Mines

Update regarding the acquisition of Namaqualand Mines

Trans Hex Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1963/007579/06)
Share code: TSX
ISIN: ZAE000018552
(“Trans Hex” or the “Company”)

UPDATE REGARDING THE ACQUISITION OF NAMAQUALAND MINES

Shareholders are referred to previous announcements regarding the proposed transaction
by which Emerald Panther Investments 78 (Pty) Limited (“EPI”) would acquire Namaqualand
Mines (“NM”) from De Beers Consolidated Mines Limited (“DBCM”).

Trans Hex is pleased to announce that amendments to the Sale Agreement entered into
between EPI and DBCM have now been signed to provide for the following:
    (i) the creation of a Special Purpose Vehicle (“SPV”) for the purpose of housing the
          State’s 20% interest in EPI;
    (ii) the shareholding in EPI will thus be held in the following proportions:
             a. the SPV: 20%;
             b. Trans Hex: 40%;
             c. RECM and Calibre Limited: 27.2%;
             d. Dinoka Investment Holdings (Pty) Ltd: 8.8%; and
             e. the Namaqualand Diamond Fund Trust (“NDFT”), a trust representing the
                  interests of various communities in the Namaqualand region: 4%.

Shareholders are advised that implementation of the NM transaction remains conditional
upon inter alia:
   (i) Approval of revised loan terms by the Industrial Development Corporation of South
        Africa (“IDC”), in terms of which the IDC will provide EPI with funding of R189 million;
   (ii) notarial execution of the cession by DBCM of the mining and prospecting rights
        acquired pursuant to the NM transaction, into the name of EPI.

The effective date of the NM transaction is expected to be on or about 31 October 2014.

“The acquisition by EPI of NM will increase the life of mine of Trans Hex’s South African
operations to 14 years. In addition, commencement of operations at NM will provide much
needed employment in the region.” – Mr Llewellyn Delport, CEO of Trans Hex.

Cape Town
5 June 2014

JSE Sponsor
One Capital

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