Finalisation Announcement in respect of the Schemes of Arrangement in terms of section 114 of the Companies Act Dorbyl Limited Naledi Foundry of Republic of (Incorporated in the South Africa Proprietary Republic of South Africa) Limited Registration Number: (Incorporated in the Republic 1911/001510/06 of South Africa) Share Code: DLV Registration Number: ISIN: ZAE000002184 2012/194053/07 (“Company” or “Dorbyl”) (“Naledi”) FINALISATION ANNOUNCEMENT IN RESPECT OF THE SCHEMES OF ARRANGEMENT IN TERMS OF SECTION 114 OF THE COMPANIES ACT Shareholders of Dorbyl are referred to the announcement published on SENS on Friday, 23 May 2014 and in the press on Monday, 26 May 2014 regarding the results of the Scheme Meetings and are hereby advised that all outstanding conditions precedent in relation to the Schemes have been fulfilled. As detailed in the circular sent to Dorbyl shareholders on Thursday, 17 April 2014, the salient dates and times relating to the Schemes remain the same and are as follows: 2014 Finalisation announcement to be published on Thursday, 12 June SENS on Finalisation announcement to be published in Friday, 13 June the press on Lodge application for delisting of Scheme Tuesday, 17 June Shares on Last day to trade Shares on the JSE in order Friday, 20 June to be recorded in the Share Register to receive the Scheme Consideration on Suspension of the listing of the Shares on Monday, 23 June the JSE with effect from the commencement of trading on the JSE on* Scheme Consideration Record Date, being the Friday, 27 June time and date on which Scheme Participants must be recorded in the Share Register to receive the Scheme Consideration, by 12:00 on Operative Date of the Schemes on Monday, 30 June Scheme Consideration paid/posted to Monday, 30 June Certificated Scheme Participants (if Documents of Title are received on or prior to 12:00 on the Scheme Consideration Record Date) on Dematerialised Scheme Participants have Monday, 30 June their accounts (held at their CSDP or Broker) updated on Termination of listing of Shares on the JSE Tuesday, 1 July at the commencement of trading on * Only in the event that the current suspension is lifted prior to the applicable date. Notes: 1. All times given herein are local times in South Africa. 2. Share certificates may not be dematerialised or rematerialised after Friday, 20 June 2014. Johannesburg 12 June 2014 Transaction Advisor and Sponsor: PSG Capital Proprietary Limited Date: 12/06/2014 12:40:00 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.