Finalisation announcement re eligibility and delay re name change SABLE METALS AND MINERALS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2001/006539/06) (Share Code: SMM ISIN Code: ZAE000185674) (“Sable” or “the company”) FINALISATION ANNOUNCEMENT RE ELIGIBILITY AND DELAY RE NAME CHANGE Shareholders are referred to the finalisation announcement released on SENS on 8 February 2016. In this announcement words and phrases will bear the same meanings as defined in the circular issued on 21 December 2015. All outstanding conditions precedent have been met regarding the implementation of the Scheme and therefore the following dates are hereby confirmed: 2016 Finalisation date regarding eligibility for unlisted SPM shares Friday, 19 February Last day to trade regarding eligibility for unlisted SPM shares Friday, 26 February Record date regarding eligibility for unlisted SPM shares Friday, 4 March Issue to all shareholders of new SPM share certificates, and posting of such share certificates on or about Monday, 7 March The name change of Sable to Middle East Diamond Resources Limited has not yet been registered by the Companies and Intellectual Properties Commission (“CIPC”). The relevant dates regarding the name change will be published as soon as the name change has been registered by the CIPC. Johannesburg 19 February 2016 Sponsor Exchange Sponsors Date: 19/02/2016 12:21:00 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.