Integrated annual report, notice of annual general meeting and no change statement Master Drilling Group Limited (Incorporated in the Republic of South Africa) (Registration number 2011/008265/06) JSE share code: MDI ISIN: ZAE000171948 (“Master Drilling” or the “Company” or the “Group”) INTEGRATED ANNUAL REPORT, NOTICE OF ANNUAL GENERAL MEETING AND NO CHANGE STATEMENT 1. Integrated Annual Report Master Drilling shareholders are advised that the Integrated Annual Report of the Company for the year ended 31 December 2016 (“Integrated Annual Report”), which incorporates the audited summarised consolidated annual financial statements and the notice of the Annual General Meeting, will be distributed to Master Drilling shareholders today, 21 June 2017. The Integrated Annual Report and the full set of the audited Group annual financial statements are also available on the Company’s website (www.masterdrilling.com). The audited summarised consolidated annual financial statements contain no changes from the abridged audited consolidated annual results for the year ended 31 December 2016 released on the Stock Exchange News Service of the JSE Limited on 22 March 2017. The annual financial statements are audited by Grant Thornton whose unqualified audit report is contained in the Integrated Annual Report and is also available on www.masterdrilling.com. 2. Notice of Annual General Meeting Notice is hereby given that the Fifth Annual General Meeting of Master Drilling will be held (subject to any adjournment, postponement or cancellation thereof) at Grant Thornton offices, Wanderers Office Park, 52 Corlett Drive, Illovo, Johannesburg on Thursday, 20 July 2017 at 09h00, to transact the business as stated in the Annual General Meeting notice contained in the Integrated Report 3. Record dates, voting and proxies The Board of Directors of the Company (“Board”) has determined, in accordance with sections 59(1) (a) and (b) of the Companies Act, that: • the record date for the purposes of participating in and voting at the Annual General Meeting (being the date on which a shareholder must be recorded in the Company’s register of shareholders in order to participate in and vote at the Annual General Meeting), shall be the close of business on Friday, 14 July 2017 (Voting Record Date); • the last day to trade for purposes of participating in and voting at the Annual General Meeting shall be the close of business on Tuesday, 11 July 2017 and; • the date by which forms of proxy for the Annual General Meeting are requested to be lodged for administrative purposes shall be 09h30 on Tuesday, 18 July 2017. Any forms of proxy not lodged by this date must be handed to the Chairperson of the Annual General Meeting immediately prior to the commencement of the meeting. The Chairperson may reject or accept any form of proxy which is completed and/or received otherwise than in accordance with the proxy notes, provided that he is satisfied as to the manner in which the shareholder concerned wishes to vote. Fochville 21 June 2017 Sponsor Investec Bank Limited Date: 21/06/2017 07:05:00 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.