Special note regarding the offer :

Notwithstanding that this document constitutes a prospectus, it is not an offer to the general public and only constitutes an offer for sale of the Offer Shares to selected investors in South Africa and to selected investors in other jurisdictions to whom the Offer will be specifically addressed and is only addressed to persons to whom it may lawfully be made. The distribution of this prospectus and the making of the Offer may be restricted by law. Persons into whose possession this prospectus comes must inform themselves about and observe any such restrictions. This prospectus does not constitute an offer of, or an invitation to purchase, any of the Offer Shares in any jurisdiction in which such offer or sale would be unlawful. No one has taken any action that would permit a public offering of Offer Shares to occur outside South Africa.

Profile summary of Optimum Coa l:

• Optimum Coal has strategically located operations with good access to rail infrastructure, rapid loading and export facilities and a large export allocation at RBCT;
• Optimum Coal has high quality and extensive coal resources and significant reserves with a strong development pipeline and an advanced mine life extension programme;
• Optimum Coal has established long-term supply contracts with Eskom and BECSA;
• Optimum Coal is committed to supplying the domestic power generation market;
• Optimum Coal intends to maximise its exposure to export markets;
• Optimum Coal is cash generative and has a strong balance sheet which provides a solid growth platform;
• Optimum Coal has strong broad-based black economic empowerment (BBBEE) credentials and has ambitions to be a benchmark for transformation in the South African mining industry

Investor relations contact :

Telephone +27 11 325 0403 or mobile +27 82 376 3112