Assore and ARM reach in principle agreement in relation to Dwarsrivier Chrome Mine ASSORE LIMITED (Incorporated in the Republic of South Africa) Registration number: 1950/037394/06 Share code: ASR ISIN: ZAE000146932 (“Assore”) ASSORE AND AFRICAN RAINBOW MINERALS LIMITED HAVE REACHED IN PRINCIPLE AGREEMENT ON ASSORE’S ACQUISITION OF A 50% INDIRECT INTEREST IN THE DWARSRIVIER CHROME MINE Assore and African Rainbow Minerals Limited (“ARM”) have reached in principle agreement on Assore’s acquisition of ARM’s 50% indirect interest in the Dwarsrivier Chrome Mine (“Dwarsrivier”) (the “Transaction”). Dwarsrivier is currently a subsidiary of Assmang Proprietary Limited (“Assmang”), the equal joint venture between Assore and ARM, and is the holding company for, amongst its other mining operations, Assmang’s chromite mining operations in the Mpumulanga province of South Africa. Pursuant to the implementation of the Transaction, Assore will own an effective 100% interest in Dwarsrivier. The implementation of the Transaction is subject to the execution of definitive agreements and the receipt of relevant regulatory approvals. Assore Limited Assore House 15 Fricker Road Illovo Boulevard Johannesburg 27 February 2015 Contact details: Alistair McAdam Tel: 011 770 6800 Financial adviser to Assmang Limited The Standard Bank of South Africa Limited Sponsor to Assore The Standard Bank of South Africa Limited Date: 27/02/2015 05:00:00 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.