April 2018

PRL confirms receipt of AUD 83.1 million from Jupiter IPO

On 19 March 2018, Jupiter Mines Limited (“Jupiter”) announced its intention to relist on the Australian Securities Exchange (“ASX”) in order to provide liquidity for its shareholders. This was expected to be achieved via a placing of up to 600 million existing Jupiter shares with new investors at AUD 0.40 per share, thereby raising up to AUD 240 million and putting a value on Jupiter of approximately AUD 780 million.

Delay in publishing the financial results

Pallinghurst shareholders are advised that a delay in the publishing of the Company’s financial results for the year ended 31 December 2017 is ongoing. This delay relates to the accreditation by the JSE of the Company’s external auditors, BDO LLP (“BDO”). BDO has submitted an application for JSE accreditation. This application is being considered by the JSE. Following this accreditation, the Company’s audited financial results for the year ended 31 December 2017 will be published.