MASTER DRILLING GROUP LTD - Changes to the Board

Changes to the Board

Master Drilling Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2011/008265/06)
JSE share code: MDI ISIN: ZAE000171948
(“the Company”)

CHANGE TO THE BOARD OF DIRECTORS
In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements,
shareholders are advised that Director Peter John Ledger (“Mr Ledger”), the
Independent Non-Executive Chairman of the Company has accordingly notified the
board of directors (“Board”) that he will no longer make himself available for re-
election as indicated in Ordinary Resolution Number 3 of the Notice of the
Company’s Annual General Meeting (“AGM”), posted to shareholders on the 31st
March 2014, and to be held on Thursday, 24th July 2014.

Consequently, Mr Ledger’s resignation from the Board will be effective from the date
of the AGM. The Board thanks Mr Ledger for his contribution to the Company during
his tenure as chairman.

Shareholders are further advised that the following appointments and resignations
are effective on the date of the AGM:

Mr Hendrik Roux van der Merwe has been appointed by the Company as an
Independent Non-Executive Director and will, with effect from the date of the AGM;

-  Succeed Mr Ledger as the Independent Non-Executive Chairman of the
  Company;
- Be appointed as a Sub Committee Member in respect of Master Drilling Group
  Limited Risk Committee; and
- Be appointed as a Sub Committee Member and Chairman in respect of Master
  Drilling Group Limited Nominations Committee.

Mr Christopher Gerald O’Neill has been appointed by the Company as an
Independent Non-Executive Director and will, with effect from the date of the AGM:

- Succeed Director Roger Owen Davey (“Mr Davey”) as Mr Davey shall not be
  making himself available for re-election at the AGM;
- Be appointed as a Sub Committee member and Chairman in respect of Master
  Drilling Group Limited Social and Ethics Committee; and
- Be appointed as a Sub Committee Member in respect of Master Drilling Group
  Limited Nominations Committee; and further
- Be appointed as a Sub Committee Member in respect of Master Drilling Group
  Limited Audit Committee.


Johannesburg
26 June 2014
Sponsor
Sasfin Capital
A Division of Sasfin Bank Limited

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