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TRANS HEX GROUP LIMITED - Production and sales update September 2015

Release Date: 15/09/2015 11:52
Code(s): TSX     PDF:  
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Production and sales update – September 2015

TRANS HEX GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1963/007579/06
Share code: TSX
ISIN: ZAE000018552
("Trans Hex" or the “Group”)

PRODUCTION AND SALES UPDATE – SEPTEMBER 2015

Trans Hex is pleased to provide an update in respect of its latest diamond production and sales.

PRODUCTION
Production at the Group’s South African operations amounted to 20 839 carats for the five months
ended 31 August 2015.

West Coast Resources (in which Trans Hex has a 40% stake) production for the same period
amounted to 4 490 carats. The company's initial phase of construction, exploration and sampling is
well underway and full production is expected early in 2016.

Production at Somiluana Mine in Angola, in which Trans Hex holds a 33% stake, totalled 63 834
carats for the five months.

SALES
The Group’s May, June and September 2015 tender sales of production from its wholly owned South
African operations amounted to R236,1 million (20 570 carats at an average price of US$896 per
carat and exchange rate of R12,81/US$).

Average prices for production from current operations (excluding the recently closed Reuning Mine
and the disposed of Remhoogte mining right) have decreased by 21% in US$ terms compared to the
financial year ended 31 March 2015, in line with a global slump in rough diamond prices. In Rand
terms, prices have decreased by 9%.

Seven single stones from the Lower Orange River Operations were sold for more than US$10 000 per
carat.

Sales for West Coast Resources amounted to R6,9 million, with production from the Kleinzee tailings
dumps fetching an average price of $170 per carat.

Somiluana Mine realised a total of US$17,9 million for the five months ended 31 August 2015 (60 542
carats at an average price of US$296 per carat). Average prices decreased by 35% compared to the
financial year ended 31 March 2015.

Challenging market conditions and low demand from China and India have slowed trading
considerably, in a market which is already feeling the pressure of a global downturn.

Trading and rough diamond prices are expected to remain subdued for the remainder of 2015.

The Group expects to release its interim financial results for the six months ending 30 September
2015 on or about 2 November 2015.

The external auditors have not reviewed or reported on the information provided in this update and it
does not constitute an earnings forecast.

Cape Town
15 September 2015

Sponsor
One Capital

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