Update on the disposal of Muldersdrift Quarry and cautionary announcement W G WEARNE LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1994/005983/06) (Share Code: WEA ISIN Code: ZAE000078002) (“Wearne” or “the Company” or “the Group’’) UPDATE ON THE DISPOSAL OF MULDERSDRIFT QUARRY AND CAUTIONARY ANNOUNCEMENT Shareholders are referred to the announcement dated 30 January 2019 regarding the term sheet entered into with Furness Investments (Pty) Limited and AGW Trading (Pty) Limited (collectively “the AGW Consortium”) to dispose of the property and certain assets of the Muldersdrift Quarry (“Muldersdrift Quarry”). The period of exclusivity has now lapsed between the AGW Consortium and the Company. In the meantime, Wearne has been approached by other parties interested in purchasing the Muldersdrift Quarry and are in negotiations with these parties including the AGW Consortium. Accordingly shareholders are advised to exercise caution when dealing in the Company’s securities until a full announcement is made. Randfontein 18 April 2019 Designated adviser Exchange Sponsors Date: 18/04/2019 08:27:00 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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