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 Hogan Lovells (South Africa) Inc., at 22 Fredman Drive, Sandton, Johannesburg, 2196 on 5 April 2017 at 14h00, 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 payments that fell due on 14 December 2016 and 14 March 2017 (in each case, the "Outstanding Payment"), as referred to in the SENS announcements of the Issuer dated 14 December 2016 and 23 February 2017 respectively, and further resolve that each such failure to make payment shall not be treated as an Event of Default for purposes of the Conditions, provided that each Outstanding Payment shall be made, together with such other amounts as may fall due for payment in accordance with the Conditions, on the conclusion of the business rescue proceedings in respect of Lace Diamond Mines Proprietary Limited, and that penalty interest shall accrue on each Outstanding Payment and/or such other amount(s) in accordance with Condition 7.4 of the Offering Circular from 14 December 2016 until the date on which payment of each respective Outstanding Payment and/or such other amount(s) 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. 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 Noteholders 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% 6 April 2017 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 06/04/2017 12:45:00 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.