SABLE EXPLORATION AND MINING LIMITED - Finalisation announcement

Finalisation announcement

Sable Exploration and Mining Limited
(previously known as Middle East Diamond Resources Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2001/006539/06)
(Share Code: SXM ISIN Code: ZAE000303319)
(“SEAM” or “the company”)

Finalisation announcement

Shareholders are referred to the firm intention announcement published on SENS on 9 December
2022 and the Mandatory offer circular which was distributed to shareholders on Friday, 3 February
2023.

Shareholders are advised that PBNJ Trading and Consulting Proprietary Limited (“PBNJ”) made
an offer to acquire all the remaining shares, from all the remaining shareholders of SEAM, for 100
cents per share, in terms of section 117(1)(c)(vi) of the Companies Act.

The salient dates are:
                                                                                                      2023


Last day to trade in order to be eligible to participate in the Offer on                Monday, 20 March


SEAM Shares trade “ex” the right to participate in the Offer                        Wednesday, 22 March


Offer closes at 12:00 on (closing date) on                                                Friday 24 March


Offer Record Date, being the final date upon which SEAM Shareholders                      Friday, 24 March
must be recorded in the SEAM register in order to be eligible to
participate in the Offer, on


Offer Consideration credited to the Dematerialised Offer Participant’s                  Monday, 27 March
account at his CSDP or Broker (as the case may be) or bank accounts
of Certificated Offer Participants on


Results of Offer to be published on SENS on                                             Monday, 27 March


Notes:

1.   Certificated SEAM Shareholders who wish to accept the Offer are required to complete and return the
     form of acceptance, surrender and transfer in accordance with the instructions contained therein to be
     received by the Transfer Secretaries by not later than 12:00 on the closing date.

2.   Dematerialised SEAM Shareholders who wish to accept the Offer must notify their CSDP or Broker of
     their acceptance of the Offer in the manner and time stipulated in the Custody Agreements governing
     the relationships between such SEAM Dematerialised SEAM Shareholders and the CSDP or Broker.

3.   All times indicated above are South African times.

4.   The deemed effective date of disposal of SEAM Shares by Offer Participants will be the date that the
     Offer Consideration is credited to the Offer Participant’s account.
5.   Share certificates may not be dematerialised or rematerialised between Wednesday, 22 March 2023
     and Friday, 24 March 2023, both dates inclusive.


13 March 2023
Sandton

Sponsors
Exchange Sponsors

Date: 13-03-2023 01:01:00
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.