HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. We focus on areas of business where our particular skills and expertise deliver a real advantage for clients, concentrating resources where we can add the most value.

Our services in South Africa include infrastructure funds management, equity derivatives, property management and through Macquarie First South, institutional stockbroking, equity research, equity capital markets, and corporate and project finance advisory.

Macquarie First South is a joint venture between First South Financial Services and Macquarie. The joint venture was formed by combining Macquarie's South African corporate finance advisory business with the institutional stockbroking business of First South Securities, a subsidiary of First South Financial Services.

Macquarie has been active in South Africa since 2000 and with the joint venture, has over 80 professionals in Johannesburg and Cape Town. This team is complemented by the resources of our international network of approximately 12,700 people in 26 countries.








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