Media Announcements

Fulfilment of Conditions Precedent to the Subscription Agreement

29 April 2011

FULFILMENT OF CONDITIONS PRECEDENT TO THE SUBSCRIPTION AGREEMENT WITH JINCHUAN GROUP LIMITED, CHINA-AFRICA DEVELOPMENT FUND, MICAWBER 809 (PTY) LIMITED AND CHINA-AFRICA JINCHUAN INVESTMENT LIMITED

Shareholders are advised that all conditions precedent detailed in the circular to shareholders dated 11 February 2011 and approved by shareholders at the general meeting on 9 March 2011 have been met.

Accordingly Wesizwe will issue the new shares on or about 4 May 2011 and application has been made to the JSE to list the 829,884,460 Wesizwe ordinary shares.

Sandton
29 April 2011

Corporate Advisor: Qinisele Resources (Pty) Limited

Sponsor: Investec Bank Limited


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