Additional Disclosure and Withdrawal of Cautionary Announcement CHROMETCO LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2002/026265/06) Share code: CMO ISIN Code: ZAE000070249 (“Chrometco” or “the Company”) ADDITIONAL DISCLOSURE AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT 1. INTRODUCTION Shareholders are referred to the announcements released on SENS, the last of which was dated 8 December 2016 wherein the Company announced that it had entered into agreements to recapitalise the Company by way of a subscription agreement for R5 million and a loan facility of R10 million. The Company also announced that it had entered into an agreement to acquire 51% of Palm Chrome Holdings Proprietary Limited (“Palm Chrome”) in exchange for 200 million Chrometco ordinary shares (“Palm Chrome Acquisition”). Furthermore, the Company announced that it had entered into an agreement to acquire 51% of Black Chrome Holdings Proprietary Limited (“Black Chrome”) and 25% of the commodity trading company, Sail Minerals Proprietary Limited (“Sail”) in exchange for 2 205 million Chrometco ordinary shares (“Black Chrome Acquisition”). 2. ADDITIONAL INFORMATION Shareholders are advised that for the six month period ended 31 August 2016, the net assets of Black Chrome were -R368 784 and zero income. For the six month period ended 31 August 2016, the net assets of Palm Chrome were R2 200 000 with a net loss for the period of R55 337. For the six month period ended 31 August 2016, the net assets of Sail Minerals were R5 100 280 with a net profit for the period of R1 314 141. The UWR mine, owned by Black Chrome became operational towards the end of 2016 and is now generating revenue. The commencement of mining activities at the Black Chrome mine, as well as the valuation of the mine, based on its ability to generate profit for at least the balance of the current sixteen year mining right, is at the core of the rationale for the Black Chrome Acquisition, the details of which will be set out in more detail in the circular. 3. WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Given the information disclosed herein, shareholders are advised that caution is no longer required when dealing in the Company’s securities. Johannesburg 25 January 2017 Designated Advisor and Corporate Advisor: PSG Capital Proprietary Limited Date: 25/01/2017 03:30:00 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.