PTMN Petmin

TIDMPTMN

RNS Number : 1292O

Petmin Limited

08 October 2012

PETMIN LIMITED

Incorporated in the Republic of South Africa

Registration Number 1972/001062/06

Share Code JSE: PET & ISIN: ZAE000076014

Share Code AIM: PTMN

("Petmin" or "the Company")

Conclusion of unprotected strike by contractor employees at Somkhele mine in KwaZulu-Natal

Further to the announcement by Petmin dated Friday 28 September 2012, shareholders areadvised that operations are returning to normal at the company's Somkhele anthracite mine in KwaZulu-Natal in South Africa.

This follows the conclusion of an unprotected strike by approximately 350 workers employed by Sandton Plant Hire ("SPH"), the opencast contractor at Somkhele.

The unprotected strike, as contemplated in Section 68 of the South African Labour Relations Act, 66 of 1995, started on Tuesday 25 September.

On Friday 5 October, SPH management signed an agreement with union representatives, subject to approval by SPH employees. Approval of the agreement was secured at a meeting between SPH employees and their representatives from the NUM and Amcu unions on Sunday 7 October.

The agreement includes restructuring of wage packages, an increase in shift allowances and housing allowances, and a commitment between all parties to establish a working committee to address productivity at the Somkhele mine. The pay packages of SPH employees are now similar to those of workers employed directly by Tendele Coal Mining ("Tendele"), a wholly-owned Petmin subsidiary which operates the Somkhele mine.

As part of the agreement, SPH employees signed an acknowledgement that the strike was unprotected and that a final warning letter would be placed on their employee files.

Petmin and Tendele management have expressed their appreciation to union and community leaders around Somkhele for their role in resolving the unprotected strike, and look forward to a speedy return to full production.

Enquiries:

Petmin

011 706 1644

www.petmin.co.za

Media enquiries

Jonathon Rees +27 76 185 1827

jonathon@proofcommunication.com

Nominated Adviser and Broker (AIM)

Macquarie Capital (Europe) Limited

Nicholas Harland, Steve Baldwin

+44 20 3037 2369

Sponsor and Corporate Advisor (JSE)

River Group

Andrew Lianos +27 83 4408 365

Johannesburg

8 October 2012

This information is provided by RNS

The company news service from the London Stock Exchange

END

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