Accident at Cato Ridge smelter – update

27 February 2008

Further to the announcement by Assmang Limited (Assmang) on Monday 25 February 2008 that an explosion occurred at the No. 6 Furnace of the company’s Cato Ridge Works.

Assmang regretfully announces that as a result of the explosion, a sixth employee has died and two employees are still being hospitalised.

The Board of Directors and management of Assmang convey its sincere condolences to the families, friends and co-workers of the deceased and extend its heartfelt sympathy to those affected by this tragic accident.

Assmang has switched off all operating furnaces at Cato Ridge Works and an investigation has been launched to establish the cause of the explosion. Assmang will communicate the result of this investigation in due course.

Assmang is jointly controlled between ARM (50%) and Assore (50%).

For further details, contact:

Jan Steenkamp
Chief Executive: ARM Ferrous
Office: +27 11 779 1108
Mobile: +27(0) 82 492 6948

Corn� Bobbert
Corporate development
Office: +27 11 779 1478
Mobile: +27(0) 83 380 6614