Exercise of Call Option to acquire remaining 60% of Bergteamet Raiseboring: Fullfillment of Conditions Precedent 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”) EXERCISE OF CALL OPTION TO ACQUIRE REMAINING 60% OF THE SHARES IN BERGTEAMET RAISEBORING EUROPE AB (“BERGTEAMET RAISEBORING”): FULLFILLMENT OF CONDITIONS PRECEDENT Shareholders are referred to the announcement released by Master Drilling on SENS on 12 March 2018 advising shareholders that Master Drilling International Limited, a subsidiary of Master Drilling, had exercised a call option to acquire the remaining 60% shareholder interests in Bergteamet Raiseboring. Shareholders are advised that all conditions precedent have been met and that the transaction has become effective. Fochville 1 June 2018 Sponsor Investec Bank Limited Date: 01/06/2018 02:40:00 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.
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