GOLIATH GOLD MINING LIMITED - Dealings in Securities by Directors and Company Secretary

Dealings in Securities by Directors and Company Secretary

GOLIATH GOLD MINING LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1933/004523/06)
Share code: GGM ISIN: ZAE000154753
(“Goliath Gold” or “the Group”)


DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY



Shareholders are referred to the announcements released on the Stock Exchange News Service (“SENS”) of
the JSE Limited (“JSE”) on 22 September 2015, 15 October 2015, 4 November 2015 and 16 November 2015
and to the circular to Shareholders dated 15 October 2015 (“Circular”) (and using the terms defined therein
unless otherwise stated) regarding the firm offer by Gold One Africa to acquire all the Goliath Gold ordinary
shares that Gold One Africa does not already own, by way of a Scheme in terms of section 114 of the
Companies Act to be proposed by the Goliath Gold Board between Goliath Gold and Goliath Gold
Shareholders.

As set out in paragraph 9.1 of the Circular, the two executive Directors of Goliath Gold who hold 3 200 000
share options (with a strike price of R1.94 each) under the Goliath Gold Share Incentive Scheme (“Share
Options”), together with the company secretary (who holds 1 200 000 Share Options) and management,
employees and past employees of the Group (who hold 4 935 000 Share Options), have elected to receive a
settlement offer of R0.20 per Share Option for the cancellation of all their Share Options upon finalisation of
the Scheme.

Shareholders are referred to the Scheme finalisation announcement released on SENS on 18 November
2015 and, in compliance with paragraphs 3.63 to 3.74 (both inclusive) of the JSE Listings Requirements, are
advised of the following:


 Name of director:                             Mr Dale Richards
 Company:                                      Goliath Gold Mining Limited
 Nature of the transaction:                    Off market settlement of Share Options pursuant to the
                                               Scheme
 Class of securities:                          Ordinary shares
 Extent of director’s interest:                Direct beneficial
 Clearance to deal obtained:                   Yes
 Date of transaction:                          27 November 2015
 Number of securities:                         2 000 000
 Selling price per security:                   R0.20
 Total value of transaction:                   R400 000.00


 Name of director:                             Mr Christopher Chadwick
 Company:                                      Goliath Gold Mining Limited
 Nature of the transaction:                    Off market settlement of Share Options pursuant to the
                                               Scheme
 Class of securities:                          Ordinary shares
 Extent of director’s interest:                Direct beneficial
 Clearance to deal obtained:                   Yes
 Date of transaction:                          27 November 2015
 Number of securities:                         1 200 000
 Selling price per security:                   R0.20
 Total value of transaction:                   R240 000.00
 
 Name of Company Secretary:                    Mr Pierre Kruger
 Company:                                      Goliath Gold Mining Limited
 Nature of the transaction:                    Off market settlement of Share Options pursuant to the
                                               Scheme
 Class of securities:                          Ordinary shares
 Extent of Company Secretary’s                 Direct beneficial
 interest:
 Clearance to deal obtained:                   Yes
 Date of transaction:                          27 November 2015
 Number of securities:                         1 200 000
 Selling price per security:                   R0.20
 Total value of transaction:                   R240 000.00


Johannesburg
27 November 2015

Sponsor
Merchantec Capital

Date: 27/11/2015 01:00:00 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.