Completion of assore’s acquisition of a 50% indirect interest in the Dwarsrivier Chrome Mine ASSORE LIMITED (Incorporated in the Republic of South Africa) Registration number: 1950/037394/06 Share code: ASR ISIN: ZAE000146932 (“Assore”) COMPLETION OF ASSORE’S ACQUISITION OF A 50% INDIRECT INTEREST IN THE DWARSRIVIER CHROME MINE Assore shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Limited on 25 June 2015, in which they were advised that Assore and African Rainbow Minerals Limited (“ARM”) had concluded definitive agreements for Assore’s acquisition of ARM’s 50% indirect interest in the Dwarsrivier Chrome Mine (“Dwarsrivier”), held through Assmang Proprietary Limited (“Assmang”), for an amount of ZAR450 million (the “Purchase Consideration”) (the “Transaction”). Assore is pleased to advise that the applicable conditions precedent have been fulfilled and therefore the Transaction has been completed. In accordance with the terms of the Transaction, Assore has, in addition to paying the Purchase Consideration, refunded Assmang an amount of approximately ZAR55 million for additional funding advanced to Dwarsrivier’s operations by Assmang between 1 July 2014, being the effective date of the transaction, and 30 June 2016. Assore Limited Assore House 15 Fricker Road Illovo Boulevard Johannesburg 29 July 2016 Financial adviser and sponsor to Assore The Standard Bank of South Africa Limited Legal adviser to Assore Norton Rose Fulbright South Africa Inc. Tax adviser to Assore Webber Wentzel Further enquiries: Alistair McAdam 011 770 6800 Date: 29/07/2016 12:00:00 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.