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 referred to the announcement released on the Stock Exchange News Service of the
JSE Limited (“JSE”) on 13 October 2014 wherein three executive directors of Master Drilling (“Selling
Directors”) proposed to sell in the market a portion of their Company shareholding (“Proposed Offer
for Sale”) during the period from 13 October 2014 to 12 November 2014 (“Offer Period”).

Shareholders are advised that no share trades have been effected during the Offer Period and that the
Selling Directors are proposing to extend the Offer Period to close of business, 31 December 2014.

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 close of business 31 December 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 close
                                           of business 31 December 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.

17 November 2014

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

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