Assore Ltd. provided earnings guidance for the full year ended June 30, 2012. Attributable earnings for the current financial year (2012) are anticipated to increase to between ZAR 3.8 billion and ZAR 4.2 billion compared to ZAR 3.2 billion recorded in the previous financial year (2011). Earnings per share for the year ended 30 June 2012 are anticipated to increase to between ZAR 36.00 and ZAR 40.00 per share from ZAR 26.91 per share for the year ended 30 June 2011 and headline earnings per share to between ZAR 33.00 and ZAR 37.00 per share from ZAR 26.90 per share for the year ended June 30, 2011.

Sales volumes of iron ore for 2012 were 47% higher than those for 2011, resulting in an increase in the contribution to earnings from the sales of iron ore.