Renewal of cautionary announcement CHROMETCO LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2002/026265/06) (JSE Code: CMO ISIN: ZAE000070249) ("Chrometco" or "the Company") RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the cautionary announcement dated 8 May 2014 and subsequent renewals thereof dated 4 July and 18 August 2014, wherein shareholders were advised that the Company had entered into negotiations with International Ferro Metals (“IFM”) in terms of which IFL was allowed to conduct exploratory drilling on Chrometco’s Rooderand asset with the ultimate intention to enter into a definitive agreement to permit IFM to mine up to 200 000 tonnes of LG6 ore over a 12 month period at Rooderand. The Board of Directors of Chrometco are happy to report the following information in this regard: The parties have drilled approximately 6 500 metres and opened approximately 20 trenches, which enabled mine planning of some 150 000 tonnes of ore, for mining in the next phase, of which the final terms are currently being agreed. The Company will keep shareholders updated of its progress. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company’s securities until the completion of the exploration phase. A further announcement detailing the terms of the definitive agreement will be released in due course. Johannesburg 29 September 2014 Designated Advisor: Sasfin Capital (A division of Sasfin Bank Limited) Date: 29/09/2014 05:05:00 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.