SENTULA MINING LIMITED - Trading Statement

Trading Statement

Sentula Mining Limited
Incorporated in the Republic of South Africa
(Registration number 1992/001973/06)
Share code: SNU ISIN: ZAE000107223
(“Sentula”)


TRADING STATEMENT



In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement
as soon as they become reasonably certain that the financial results for the period to be reported on will
differ by more than 20% from that of the previous corresponding period.

Accordingly, a review of the financial results for the six month period ended 30 September 2014 by
management has indicated that:

-   the basic loss per share is expected to be between 9.0 cents and 17.6 cents reflecting a decrease of
    between 58.9% and 78.9% for the six month period ended 30 September 2014; and

-   the headline loss per share is expected to be between 7.8 cents and 9.2 cents, reflecting an increase of
    between 14.9% and 34.9%;

compared to the basic loss per share of 42.8 cents and the headline loss per share of 6.8 cents for the six
month period ended 30 September 2013.

The basic loss per share from continuing operations is expected to be between 10.5 and 13.3 cents and the
headline loss per share from continuing operations is expected to be between 6.6 and 7.1 cents.

These results have been largely impacted by:

-   restructuring of the opencast operations as a result of continued pressure on operating margins;
-   losses incurred on the sale of idle opencast mining equipment; and
-   finalisation of the downsizing of African operations in the exploration drilling segment.

The financial information on which this trading statement is based has not been reviewed or reported on by
Sentula’s auditors.

Sentula’s interim results are expected to be released on or about 13 November 2014.

Johannesburg
7 November 2014

Sponsor
Merchantec Capital

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