ELB GROUP LIMITED - ELB subsidiary appointed as the EPC contractor for the Esaase Overland Conveyor System in Ghana by Asanko Gold Ghana

ELB subsidiary appointed as the EPC contractor for the Esaase Overland Conveyor System in Ghana by Asanko Gold Ghana

ELB Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1930/002553/06)
Share code: ELR
ISIN: ZAE000035101
(“ELB”)

ELB subsidiary appointed as the EPC contractor for the Esaase Overland Conveyor System in
Ghana by Asanko Gold Ghana Limited

ELB is pleased to announce that its subsidiary, ELB Engineering Services Africa Proprietary
Limited (“Engineering Services”), has been appointed by Asanko Gold Ghana Limited (“Asanko”) to
undertake the Front End Engineering and Design (“the FEED”) for the Esaase Overland Conveyor
System (“the Project”) at the Asanko Gold Mine in Ghana.

The Project consists of two stages: Stage 1: the FEED and Stage 2: the execution of the balance
of the Project. The Project forms part of Asanko’s Phase 2 development plan to build an open pit
gold mine, including mining and crushing infrastructure, at the Esaase deposit and the construction
of a 27km overland conveyor to transport ore to the existing processing facility at Obotan, Ghana.

The Project is a significant contract for Engineering Services and is the outcome of months of joint
effort to achieve an optimal engineered integrated solution. The combined phases of the Project
are expected to take up to twenty-two months to complete. The FEED will commence immediately.
Engineering Services looks forward to its continued partnership with Asanko and to the successful
undertaking of such a significant mining project in Ghana.

Johannesburg
5 December 2016

Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

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