SOAPSTONE INVESTMENT LIMITED - Notice to Noteholders regarding the Suspension of the Soapstone Convertible Bonds - DMCCB

Notice to Noteholders regarding the Suspension of the Soapstone Convertible Bonds - DMCCB

Soapstone Investment Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/011940/06)
Soapstone stock code: DMCCB
ISIN: ZAE000180204
(“Soapstone” or “the Issuer”)

NOTICE TO NOTEHOLDERS REGARDING THE SUSPENSION OF THE SOAPSTONE
CONVERTIBLE BONDS

Noteholders are advised of the following update regarding Soapstone and
the business rescue proceedings of the Issuer’s operating subsidiary,
Lace Diamond Mines (Pty) Limited.

- The conditions to the Placing of Diamondcorp plc, the holding company
of Soapstone, have not yet been met. Discussions continue with the
Industrial Development Corporation of South Africa and the agreement in
principle reached with the Association of Mining & Construction Union is
progressing, however, has not yet been concluded.

- The Diamondcorp plc shares remain suspended on AIM and AltX markets.

10 February 2017

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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