Funding update Resource Generation Limited Registration number ACN 059 950 337 (Incorporated and registered in Australia) Share code on the JSE Limited: RSG Share code on the Australian Stock Exchange: RES ISIN Code: AU000000RES1 (“Resgen” or “the Company”) ASX Release Funding Update Resource Generation (the Company) has received numerous recent enquiries about the status of its funding, accordingly it has decided to provide an update. As previously announced the Company has been negotiating with various parties including a club of potential financiers to provide project finance for the construction of the Boikarabelo mine. In recognition of the protracted nature that this particular process has taken, the financiers have agreed to the following disclosure. The parties are: - FirstRand Bank Limited, acting through its Rand Merchant Bank division (RMB); - HSBC Bank plc – Johannesburg Branch (HSBC); - Industrial Development Corporation of South Africa Limited (IDC); - Public Investment Corporation SOC Limited (PIC); - Noble Resources International Pte Limited (Noble); and - Export Finance & Insurance Corporation (EFIC). It is proposed that if this facility proceeds the existing loans entered into with Noble will become part of the above facility. Negotiations have reached a mature stage and a term sheet is being finalised on the expectation that it will provide all required remaining funding for the mine construction. Consequently, if the proposed facility is made available, the Company does not envisage the need for an associated equity raising. If the proposed facility is not made available, the Company will continue to explore alternative funding arrangements. Sydney, Australia 26 February 2015 Contacts Paul Jury, Managing Director on (02) 9376 9000 or Steve Matthews, Company Secretary on (02) 9376 9000 Media enquiries Anthony Tregoning (02) 8264 1000 JSE Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd Date: 26/02/2015 10:35:00 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.