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TRANS HEX GROUP LIMITED - Sales and production update - September 2014

Release Date: 09/09/2014 08:30
Code(s): TSX     PDF:  
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Sales and production update - September 2014

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 “Group”)

SALES AND PRODUCTION UPDATE – SEPTEMBER 2014

Trans Hex is pleased to provide an update in respect of its latest diamond sales and production.

The Group’s May, July and September 2014 tender sales of South African production amounted to R350
million (22 033 carats at an average price of US$1 497 per carat and exchange rate of R10,61 / US$).

Average prices increased by 21% compared to the average prices achieved during the financial year ended
31 March 2014, mainly as a result of the sale of 1 734 high-quality carats from the mining right held by
Pioneer Minerals (Pty) Ltd (“Pioneer Minerals”). As previously reported on 18 July 2014 on SENS, Trans
Hex is in the process of disposing of Pioneer Minerals to the contractor now operating on the Remhoogte
property, but will continue to market the diamonds produced by the purchaser after the disposal is
concluded.

Twenty-two single stones were sold for more than US$10 000 per carat, including one exceptional pink stone
of 3,2 carats from Baken Mine, which sold for US$54 750 per carat. A 132-carat stone, also from Baken
Mine, realised US$1,28 million.

Somiluana Mine in Angola, in which Trans Hex holds a 33% stake, realised a total of US$17,50 million for
the five months ended 31 August 2014 (32 545 carats at an average price of US$538 per carat).

These sales reflect continued positive momentum in the rough diamond market and strong demand for Trans
Hex's production.

Production at the Group’s South African operations amounted to 23 872 carats for the five months ended 31
August 2014. Production at Somiluana for the same period amounted to 32 841 carats.

The next sale of South African production will be held in October 2014. Somiluana conducts monthly sales.

The Group expects to release its interim financial results for the six months ending 30 September 2014 on or
about 3 November 2014.

The external auditors have not reviewed or reported on the information provided in this update and it does
not constitute an earnings forecast.


Cape Town
9 September 2014

Sponsor
One Capital

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