Successful completion of rights offer Sentula Mining Limited Incorporated in the Republic of South Africa (Registration number 1992/001973/06) Share code: SNU ISIN: ZAE000107223 (“Sentula” or “the Company”) SUCCESSFUL COMPLETION OF RIGHTS OFFER Shareholders are referred to the announcements released on the JSE Stock Exchange News Service (“SENS”) on 19 February 2016 and 23 February 2016 and the circular dated 1 March 2016 wherein the Company announced its intention to raise R104.58 million through a partially underwritten renounceable rights offer (“the Rights Offer”). The Rights Offer closed at 12h00 on Friday, 18 March 2016, and the board of directors of Sentula is pleased to announce that the Company has raised R104.58 million. The results of the Rights Offer are set out in the table below: Number of Rights Rand value % of Rights Offer Offer Shares Shares Total shares available for 581 005 310 R104 580 955 100.0% subscription in terms of the Rights Offer (“Rights Offer Shares”) Rights Offer Shares subscribed for 401 256 461 R72 226 162.98 69% Share allocated to underwriters: JB Private Equity Investors Partnership (“the Partnership”), an en commmandite partnership between 124 193 294 R22 354 792.92 21% Calibre Capital Proprietary Limited, RECM and Calibre Limited, JB Capital Proprietary Limited and JB Private Equity Investors Trust The Dalikhaya Rain Zihlangu Family 55 555 555 R10 000 000 10% Trust (“the DRZ Family Trust”) Total 581 005 310 R104 580 955.9 100% Following the issue of the Rights Offer Shares, the number of Sentula shares in issue is 1 167 564 491. Dealings by associates of directors In compliance with the JSE Listings Requirements, the following associates of directors of Sentula subscribed for shares in Sentula, in compliance with the underwriting agreements pursuant to the Rights Offer. Name of director: R Zihlangu Type of director: Non-executive director Name of associate: The DRZ Family Trust Relationship: Trustee and beneficiary Nature of transaction: Off-market purchase of ordinary shares in terms of the Rights Offer Number and class of securities purchased: 55 555 555 ordinary shares Date of the transaction: 18 March 2016 Price: 18 cents per share Total value: R10 000 000.00 Nature of interest: Indirect beneficial Name of director: J Badenhorst Type of director: Executive director Name of associate: The Partnership Relationship: Trustee and indirect beneficiary of JB Private Equity Investors Trust, the general partner to the Partnership Nature of transaction: Off-market purchase of ordinary shares in terms of the Rights Offer Number and class of securities purchased: 124 193 294 ordinary shares Date of the transaction: 18 March 2016 Price: 18 cents per share Total value: R22 354 792.92 Nature of interest: Indirect beneficial Issue and payment of Rights Offer Shares The Central Securities Depository Participant (“CSDP”) or broker accounts of dematerialised Sentula shareholders who have followed their rights in terms of the Rights Offer will be credited with their Rights Offer Shares and debited with any payments due on or about Tuesday, 22 March 2016. Certificated shareholders who subscribed for Rights Offer Shares will have their new share certificate posted to them at their own risk on Tuesday, 22 March 2016. Johannesburg 18 March 2016 Corporate adviser and sponsor Questco Date: 18/03/2016 03:45:00 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.