SOAPSTONE INVESTMENT LIMITED - Failure to make Interest Payment on Convertible Bond

Failure to make Interest Payment on Convertible Bond

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

FAILURE TO MAKE INTEREST PAYMENT ON CONVERTIBLE BOND

Further to the announcement released on SENS of 21 February 2017, noteholders are advised that due to the
continued delays in obtaining agreements with the Industrial Development Corporation of South
Africa ("IDC") and Association of Mining & Construction Union ("AMCU") has resulted in Soapstone
Investments being unable to effect the payment due on the next interest date, being 14 March 2017. In this
regard, the dates announced in the SENS released on 21 February 2017 will no longer be applicable as no
payment will be effected.

Soapstone Investments will proceed to convene another meeting of bondholders to seek a continued standstill
until such time as business rescue proceedings in respect of Lace Diamond Mines Proprietary Limited have
been concluded.



23 February 2017

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

Date: 23/02/2017 11:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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