Results of the Meeting of Bondholders Soapstone Investment Limited (Incorporated in the Republic of South Africa) (Registration number 2006/011940/06) Soapstone stock code: DMCCB ISIN: ZAE000180204 (“Soapstone”) RESULTS OF THE MEETING OF BONDHOLDERS Bondholders are advised that at a Meeting of Bondholders held at the offices of Malan Scholes Attorneys, at East Building, 85 Central Street, Houghton, Johannesburg, 2198 on 13 January 2017, the following resolutions were proposed to be passed: AS EXTRAORDINARY RESOLUTION NO. 1 The Bondholders waive the failure by the Issuer to make the interest payment that fell due on 14 December 2016 (the "Outstanding Payment"), as referred to in the SENS announcement of the Issuer dated 14 December 2016, and further resolve that such failure to make payment shall not be treated as an Event of Default for purposes of the Conditions, provided that the Outstanding Payment shall be made, together with such other amounts as may fall due for payment in accordance with the Conditions, on 14 March 2017, and that penalty interest shall accrue on the Outstanding Payment in accordance with Condition 7.4 of the Offering Circular from 14 December 2016 until the date on which the Outstanding Payment is made. AS EXTRAORDINARY RESOLUTION NO. 2 The Bondholders authorise the suspension of the Issuer's obligations to make payment of principal and interest due under the Bonds until such time as business rescue proceedings in respect of Lace Diamond Mines Proprietary Limited have been concluded or until 13 March 2017, whichever occurs first. After the voting had been conducted, the results of the voting are as follows: (i) the acceptance by the Bondholders of Extraordinary Resolution 1 passed by Bondholders representing 100% of the aggregate outstanding principal amount of the convertible bonds issued under the Soapstone ZAR40,000,000.00 14% Fixed Rate Senior Secured Convertible Registered Bonds, dated on or about 21 June 2013; (ii) the amount of Bondholders who voted against Extraordinary Resolution No. 1 represents 0% (iii) the acceptance by the Bondholders of Extraordinary Resolution 2 passed by Bondholders representing 100% of the aggregate outstanding principal amount of the convertible bonds issued under the Soapstone ZAR40,000,000.00 14% Fixed Rate Senior Secured Convertible Registered Bonds, dated on or about 21 June 2013; (iv) the amount of Bondholders who voted against Extraordinary Resolution No. 2 represents 0% 13 January 2017 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 13/01/2017 02:50:00 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.