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TAWANA RESOURCES NL - Loss per share and headline earnings per share disclosure

Release Date: 28/03/2013 10:23:00      Code(s): TAW       PDF(s):  
Loss per share and headline earnings per share disclosure

Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
ISIN: AU000000TAW7
Share code on the Australian Stock Exchange Limited: TAW
ISIN: AU000000TAW7
(“the Company”)

Loss per share and headline earnings per share disclosure

Classification of securities as ordinary shares

The Company has only one category of ordinary shares included in basic loss per share.

Classification of securities as potential ordinary shares

There are currently no securities to be classified as dilutive potential ordinary shares on issue.

                                                                            2012               2011
                                                                           Number             Number

Weighted average number of ordinary shares used in the
calculation of basic loss per share                                       865,231,783       801,529,216

                                                                              $                  $

Net loss from continuing and discontinuing operations                      (6,473,524)       (10,102,492)

Net loss from continuing operations                                        (6,460,725)          (976,759)

The loss per share calculation as disclosed on the Statement of Comprehensive Income does not
include instruments that could potentially dilute basic earnings per share in the future as these
instruments were anti-dilutive in the periods presented. A summary of such instruments is as follows:

Equity securities                                                        Number of          Number of
                                                                         securities          potential

Options over ordinary shares                                              180,500,000       181,000,000

No options have been issued subsequent to year end but prior to the date of issue of these financial

Headline earnings per share (unaudited)

Reconciliation of net loss to headline earnings

                                                                            2012            2011
                                                                              $               $
Net loss                                                                   (6,473,524)   (10,102,492)
 Loss from discontinued operations after tax                                    12,799         9,125,733
Headline earnings from continuing and discontinuing operations
used in the calculation of headline earnings per share                     (6,460,725)          (976,759)
 Headline earnings per share (cents)                                      (0.74)           (0.12)
Note: This announcement is to be read in conjunction with the Annual report of the Company, which
has been released at the same time as this announcement.

28 March 2013


PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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