Sale and Purchase Agreement between Asa Resource Group (Plc) and a Third Party: Shareholding in Bindura Nickel Corporation Limited (“BNC” or “the Company”)

Shareholders are referred to the Cautionary Statement published on 3 September 2019 advising that the ultimate holding company of BNC, Asa Resource Group Plc (currently under Administration), has entered into a Sale and Purchase Agreement (“SPA”) with a third party in relation to the 74.73% shareholding in BNC. The third party is a Zimbabwean based mining entity with interests in the mining and production of ferrous metals, non-ferrous metals and precious metals.

The envisaged transaction may have a material effect on the price of the Company’s securities. Accordingly, Shareholders are advised to continue to exercise caution when dealing in the Company’s securities until a full announcement is made.

By order of the Board
Bindura Nickel Corporation Limited

M A Masunda
Board Chairman