Appointment of Sponsor FERRUM CRESCENT LIMITED (Incorporated and registered in Australia and registered as an external company in the Republic of South Africa) (Registration number A.C.N. 097 532 137) (External company registration number 2011/116305/10) Share code on the ASX: FCR Share code on AIM: FCR Share code on the JSE: FCR ISIN: AU000000WRL8 ("the Company") CHANGE OF SPONSOR In accordance with paragraph 2.6 of the JSE Limited Listings Requirements, shareholders are advised that Sasfin Capital Proprietary Limited (“Sasfin Capital”) has been appointed as the Company’s sponsor with effect from 1 May 2018. 2 May 2018 For further information on the Company, please visit www.fcrexploration.com or www.ferrumcrescent.com or contact: Ferrum Crescent Limited Dan Smith, Non-Executive Director and Company Secretary (Australia) T: +61 417 978 955 Laurence Read, Executive Director (UK) T: + 44 (0)20 3289 9923 Strand Hanson Limited (Nominated Adviser) Rory Murphy / Matthew Chandler T: +44 (0)20 7409 3494 Turner Pope Investments Limited (Joint Broker) Andy Thacker T: +44(0)0203 621 4120 Peterhouse Corporate Finance Limited (Joint Broker) Lucy Williams / Duncan Vasey / Heena Karani T: +44 (0)20 7469 0930 Sasfin Capital (a member of the Sasfin group) (JSE Sponsor) Sharon Owens T (direct): +27118097762 The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Date: 02/05/2018 10:30:00 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.