MASTER DRILLING GROUP LTD - MDI - Proposed dealings in securities by directors

MDI - Proposed dealings in securities by directors

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

PROPOSED DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY

Shareholders are advised that three executive directors of Master Drilling (“Selling Directors”)
propose selling in the open market a portion of their Company shareholding (“Proposed Offer for
Sale”). In compliance with paragraphs 3.63 – 3.74 of the Listings Requirements of the JSE Limited
(“JSE LR”), the information below regarding the Proposed Offer for Sale of shares is disclosed. The
Selling Directors concerned remain totally committed to their positions as executive directors of the
Company and will retain substantial shareholdings in the Company following the Proposed Offer for
Sale. The Proposed Offer for Sale is aimed at enabling the Selling Directors to re-deploy the
proceeds in their personal cash flow planning.

This Proposed Offer for Sale will be open for acceptance until the required number of shares has
been sold on the open market or 12 November 2014, whichever occurs first.

Names of Selling Directors:               Andre Jean van Deventer (Executive director)
                                          Barend Jacobus Jordaan (Executive director)
                                          Gareth Robert Sheppard (Executive director)
Date of transaction:                      Offer opens from today until the earlier of acceptance or
                                          12 November 2014
Minimum price per share required:         Minimum of R14.00 per share
Value of shares offered:                  R10 500 000 (i.e. R3 500 000 by each of the Selling Directors)
Class of securities:                      Ordinary shares
Nature of transaction:                    Offer for sale of shares (on market transaction)
Extent of interest:                       Direct and/or indirect beneficial

Clearance in terms of paragraph 3.66 of the JSE LR has been obtained.

A further announcement on the outcome of the Proposed Offer for Sale will be made on completion
and/or withdrawal of the offer.

13 October 2014

Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)

Date: 13/10/2014 03:05:00 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.