Memorandum of Agreement

EXHIBIT 4.124

Execution Version

Third Addendum

Memorandum of Agreement

Made and entered into between:-

ANGLOGOLD XXXXXXX LIMITED

(Reg No 1944/017354/06)

(a company duly incorporated in accordance with the company laws of the Republic of
South Africa with limited liability, herein represented by Xxxxxx Xxxxx Xxxxxx, he being
duly authorised hereto under and by virtue of a Delegation of Authority Policy which
was approved by the Audit and Corporate Governance Committee of the board of
directors of the company passed at Johannesburg on the 24

day of October 2003);

and

Page 2

ERGO MINING (PROPRIETARY) LIMITED

[formerly known as Friedshelf 849 (Proprietary) Limited[

(Reg No 2007/004886/07)

(a company duly incorporated in accordance with the company laws of the Republic of
South Africa with limited liability, herein represented by Xxxxx Xxxxxx Xxxxxxx, in his
capacity as a director thereof, he being duly authorised hereto under and by virtue of a
resolution of the board of directors of the company passed at Johannesburg on the
14

day of November 2007, and a certified copy whereof is annexed hereto marked

“L”);

of the second part;

and

DRDGOLD SOUTH AFRICAN OPERATIONS (PROPRIETARY) LIMITED

(Reg No 2005/033662/07)

(a company duly incorporated in accordance with the company laws of the Republic of
South Africa with limited liability, herein represented by Xxxxxx Xxxxxxxxx, in his
capacity as a director thereof, he being duly authorised hereto under and by virtue of a
resolution of the board of directors of the company passed at Johannesburg on the
15

day of November 2007, and a certified copy whereof is annexed hereto marked

“M”);

of the third part;

and

MINTAILS SOUTH AFRICA (PROPRIETARY) LIMITED

(Reg No 2004/007547/07)

day of November 2007, and a certified copy whereof is annexed hereto marked

“N”);

of the fourth part.

Page 3

Definitions

1.1

In this agreement, unless inconsistent with the context, the following terms

and/or expressions shall have the separate meanings assigned to them

hereunder and for purposes of convenience the said definitions are reflected

throughout this agreement in capitals:-

1.1.1

“BRAKPAN TSF”

shall collectively mean:-

•

the area of land delineated in

light green on the diagram which

is annexed hereto and marked

“O”; and

•

all tailings materials, water and

any infrastructure of whatever

nature situate within such area;

and

•

that

portion of

Portion 9 of

Withok

131

IR,

Brakpan,

encompassed by the reference

J-K-A-B-C-D-E-F-G-H-J on the

diagram annexed hereto marked

“P”

(the

permit

number

respect whereof is 7/82, RMT No

0.080/82), also known as Sallies

Page 4

2, 5L32 or 2628AB/L5. It is

recorded in this context that the

portion within the aforesaid area

marked 1-2-3-4-5-1 in yellow and

hatched in blue and commonly

referred to as the “Calcine Dam”

was sold to one Xxxxx Xxxxxxx

and that the remaining area of

portion 9 (excluding such dam) is

approximately 76,6 (seventy six

comma six) hectares in extent;

1.1.2

“CONTRACTS”

shall, in relation to the WITHOK

COMPLEX, mean all or any written

contracts entered into prior to the

EFFECTIVE DATE by and between

AGA and third parties and operative for

any period beyond the EFFECTIVE

DATE and whether same be contracts of

hire, supply or distribution or otherwise

and in no way derogating from the

generality thereof, shall include those

material contracts reflected in the

schedule annexed hereto and marked

"Q";

Page 5

1.1.3

“ERGO PROPERTIES”

shall collectively mean the freehold

stands (Agricultural Holdings)

numbered:-

•

139 to 141;

•

172 and 173;

•

207 and 208;

•

244 and 245;

•

296 to 303; and

•

348 to 355

respectively, situate within Withok 131

I.R. Estates and delineated in dark

green in the diagram annexed hereto

and marked “R” and designated

therein as “Contaminated Servitude

Properties”;

1.1.4

“FIRST ADDENDUM”

shall mean the letters agreement

entered into between the PARTIES in

terms whereof they extended the

deadline in clause 3.1 of the MAIN

AGREEMENT from the 20 August 2007

to the 31 August 2007, and copies

Page 6

whereof are annexed hereto collectively

marked “S”;

1.1.5

“MAIN AGREEMENT”

shall mean the Memorandum of

Agreement made and entered into by

and between the PARTIES at

Johannesburg on the 6 August 2007 -

the definitions therein contained

shall, unless inconsistent with the

context of the THIRD ADDENDUM,

apply mutatis mutandis hereto and

for ease of reference shall be

reflected throughout the THIRD

ADDENDUM in capital italics;

1.1.6

“SECOND
ADDENDUM”

shall mean the letters agreement

entered into between the PARTIES in

terms whereof they extended the

deadline in clause 3.1 of the MAIN

AGREEMENT from the 31 August 2007

to the 10 September 2007, and copies

whereof are annexed hereto collectively

marked “T”;

1.1.7

“THIRD ADDENDUM”

shall mean this agreement further

modifying the MAIN AGREEMENT in

Page 7

the respects set forth hereafter and in

addition providing for the acquisition by

NEWCO from AGA of the ERGO

PROPERTIES and the WITHOK

COMPLEX upon the terms and

conditions hereinafter set forth;

1.1.8

“WITHOK COMPLEX”

shall mean:-

1.1.8.1

the area of land delineated

in grey on the diagram

annexed hereto and marked

“U” together with all

infrastructure of whatever

nature situate thereupon

including the old civil

foundations on the western

side of the footprint; and

1.1.8.2

subject to the overriding

provisions of clause 3.9

infra, the BRAKPAN TSF,

and situated upon portions 76, 77, 78,

79, 80 and 108 of the farm Withok 131

IR; portions 5, 10 and 11 of the farm

Page 8

Rooikraal 156 IR; remainder of portion 1

of the farm Glenroy 132 IR; and portions

14, 15, and 20 of the farm Vlakfontein

161 IR, Withok Estates AH H390, H391

and H578.

1.2

The provisions of clause 1.2 of the MAIN AGREEMENT shall apply mutatis

mutandis hereto.

Recordal

It is recorded that:-

2.1

the deadline for the fulfilment of the conditions precedent in clause 3.1 of the

MAIN AGREEMENT was initially extended in terms of the FIRST ADDENDUM

to the 31 August 2007 and in terms of the SECOND ADDENDUM to the 10

September 2007;

2.2

such conditions were duly fulfilled prior to the 10 September 2007;

2.3

the

PARTIES have reached agreement in terms whereof AGA has agreed to

sell to

NEWCO which has agreed to acquire from it, the ERGO PROPERTIES

and the WITHOK COMPLEX, for the additional consideration and upon the

further terms and conditions set forth in the THIRD ADDENDUM and on the

basis that such provisions shall be deemed incorporated into the MAIN

AGREEMENT;

Page 9

2.4

the

PARTIES have accordingly agreed to enter into the THIRD ADDENDUM,

upon the terms and conditions hereinafter set forth.

THIRD ADDENDUM

The PARTIES do hereby agree to the amendment of the MAIN AGREEMENT

retrospectively with effect from the SIGNATURE DATE, in the respects set forth

hereafter:-

3.1

Ad definition 1.1.14 - “ERGO ASSETS”

By the deletion thereof in its entirety and the substitution therefor of the

following:-

“’ERGO ASSETS’

shall, in relation to the ERGO OPERATIONS,

collectively mean the:-

1.1.16.1

BENONI CLUSTER;

1.1.16.2

ERGO DESIGNATED RIGHTS;

1.1.16.3

ERGO DUMPS;

1.1.16.4

ERGO MINING ASSETS;

1.1.16.5

ERGO MINING RIGHTS;

1.1.16.6

ERGO PROPERTIES;

Page 10

1.1.16.7

SITE; and

1.1.16.8

WITHOK COMPLEX,

to the exclusion, however, of the EXCLUDED

ASSETS;”

3.2

Ad definition 1.1.15 – “ERGO DESIGNATED RIGHTS”

By the deletion thereof in its entirety and the substitution therefor of the

following:-

“’ERGO DESIGNATED
RIGHTS”

shall mean all the registered rights of

whatsoever nature and howsoever arising,

including without derogating therefrom,

servitudes or otherwise, of and in connection

with the BENONI CLUSTER, the ERGO

DUMPS, the ERGO PROPERTIES and the

WITHOK COMPLEX including those rights

more fully detailed in a schedule thereof

annexed hereto and marked “V” (for ease of

reference the amended Annexe “F” to the

MAIN AGREEMENT is reflected as Annexe

“V” to the THIRD ADDENDUM);”.

Page 11

3.3

Ad definition 1.1.18 – “ERGO MINING RIGHTS”

By the deletion thereof in its entirety and the substitution therefor of the

following:-

“’ERGO MINING RIGHTS”

shall, in relation to the applicable ERGO

ASSETS, mean AGA’s existing OLD ORDER

MINING RIGHTS (to be converted to NEW

ORDER MINING RIGHTS) in respect of the

ERGO OPERATIONS entitling AGA or any

subsequent holder thereof to conduct mining

and allied operations on and from the

BENONI CLUSTER, the ERGO DUMPS, the

SITE and WITHOK COMPLEX or any

component thereof and in no way derogating

from the generality thereof as more fully

delineated in yellow and green stripes on the

drawing annexed hereto and marked “W”

(for ease of reference the amended Annexe

“E” to the MAIN AGREEMENT is reflected

as Annexe“W” to the THIRD

ADDENDUM);”.

3.4

Ad definition 1.1.20 – “EXCLUDED ASSETS”

By the deletion thereof in its entirety and the substitution therefor of the

following:-

Page 12

“’

EXCLUDED ASSETS’

shall mean the following assets which shall

be expressly excluded from the ERGO

ASSETS and the ERGO OPERATIONS, to

wit:-

1.1.20.1

the Brakpan plant and storage

facilities - which have been

acquired by HVH Gold

(Proprietary) Limited (the

ultimate controlling company

whereof is MINTAILS AUS);

and

1.1.20.2

the East Daggafontein Plant

and adjacent property - which

have been acquired by Skeat

Gold Mining East Rand

(Proprietary) Limited and HVH

Gold (Proprietary) Limited

(both of which companies are

ultimately controlled by

MINTAILS AUS); and

1.1.20.3

freehold land (agricultural land)

more fully detailed in a

schedule thereof annexed

Page 13

hereto marked “X” (for ease of

reference the amended

Annexe “H” is reflected as

Annexe “X” to the THIRD

ADDENDUM), which shall

remain the property of AGA

including any liability attaching

thereto;

and in the event of:-

•

the acceptance of the due diligence

investigation by NEWCO as

provided in clause 9bis of the MAIN

AGREEMENT as read with clause

3.10 of the THIRD ADDENDUM,

the area delineated in yellow in the

diagram annexed to the THIRD

ADDENDUM and marked “Y”;

•

the non-acceptance of the due

diligence investigation by NEWCO

as provided in clause 9bis of the

MAIN AGREEMENT as read with

clause 3.10 of the THIRD

ADDENDUM, the area as

Page 14

delineated in light green on the

diagram annexed to the THIRD

ADDENDUM and marked “Y”

including any infrastructure of

whatever nature situate thereupon,

which shall remain the property of

AGA, including the rehabilitation

and environmental management

liability therefor;”.

3.5

Ad definition 1.1.27 - “NEWCO”

By the deletion therein of the reference “Friedshelf 849 (Proprietary) Limited”

and the substitution therefor of the following:-

“Ergo Mining (Proprietary) Limited [formerly known as Friedshelf 849

(Proprietary) Limited]”.

3.6

Ad clause 3 – Conditions Precedent

3.6.1

Ad clause 3.1

By noting in regard thereto that the conditions therein contained

were timeously fulfilled.

Page 15

3.6.2

Ad clause 3.1.3

By the deletion thereof in its entirety and the substitution therefor of

the following:-

“3.1.3

the written approval, to the extent necessary, of the

COMPETITION COMMISSION - prior to the 31 March

2008”.

3.7

Ad new sub-clause 6.4 to the MAIN AGREEMENT - Acknowledgments,
Indemnity and Warranties by NEWCO

By the incorporation of a new sub-clause to be numbered 6.4 to read as

follows:-

“6.4

NEWCO warrants in favour of AGA that it will comply with the

operating parameters as set out in Annexe “Z” to the THIRD

ADDENDUM when designing, constructing, operating and dealing in

any way whatsoever with the BRAKPAN TSF.”

3.8

Ad sub-clause 8.2 – Purchase Consideration and Payment thereof

By the deletion thereof in its entirety and the substitution therefor of the

following:-

“8.2

The consideration payable by NEWCO to AGA attributable to the

ERGO ASSETS (save the BENONI CLUSTER for which express

provision is made in terms of clause 8.3 infra) shall be the agreed sum

Page 16

of ZAR87 800 000,00 (eighty seven million eight hundred thousand

RAND) plus Value Added Tax plus interest at PRIME on the

outstanding balance from time to time determined and payable as

follows:-

8.2.1

ZAR7 000 000,00 (seven million RAND) plus Value Added

Tax on the SIGNATURE DATE, which amount shall

constitute a non-refundable deposit, whether the

AGREEMENT is ultimately rendered unconditional or not;

8.2.2

ZAR6 000 000,00 (six million RAND) plus Value Added Tax

within 3 (three) days after the signature of the THIRD

ADDENDUM, which amount shall likewise constitute a

second non-refundable deposit, whether the AGREEMENT is

ultimately rendered unconditional or not; and

8.2.3

the balance of ZAR74 800 000,00 (seventy four million eight

hundred thousand RAND) as to:-

8.2.3.1

ZAR35 800 000,00 (thirty five million eight

hundred thousand RAND), plus Value Added Tax

plus interest at PRIME in 23 (twenty three) equal

monthly instalments, the first of which shall be

payable on the 1 August 2007 and thereafter on

the first day of each and every succeeding month

to the ATTORNEYS, to be held by them ‘in trust’

Page 17

and placed in an interest bearing account pending

the arrival of the CLOSING DATE when the

aggregate of the amounts paid plus accumulated

interest thereon as hereafter, shall be released to

AGA and whereafter the said payments shall be

made directly by NEWCO to AGA. In such regard

it is recorded that:-

8.2.3.1.1

the PARTIES are aware that the

monies so invested will be deemed

to constitute trust monies as

contemplated by, and subject to the

protection of, Section 78 of the

Attorneys Act, No 53 of 1979, as

amended, of the RSA;

8.2.3.1.2

the account will be in the name of the

ATTORNEYS and under their

control;

8.2.3.1.3

the provisions hereof constitute the

required written instruction/-

authorisation to the ATTORNEYS in

accordance with rule 77.1 of the

Rules of the Law Society of the

Page 18

Northern Province of the RSA to so

invest such funds; and

8.2.3.1.4

the said funds shall be invested for

the benefit of AGA pending the

arrival of the CLOSING DATE,

whereupon the capital sum and the

interest which has accrued thereon

shall be released by the

ATTORNEYS to AGA; and

8.2.3.2

ZAR39 000 000,00 (thirty nine million RAND) plus

Value Added Tax plus interest at PRIME in 19

(nineteen) equal monthly instalments, the first of

which shall be payable on the first day of the

month following the written confirmation by

NEWCO of its acceptance of the due diligence

investigation referred to in clause 9bis of the

MAIN AGREEMENT as read with clause 3.10 of

the THIRD ADDENDUM and thereafter on the first

day of each and every succeeding month to the

ATTORNEYS, to be held by them ‘in trust’ mutatis

mutandis in accordance with the provisions set

forth in clause 8.2.3.1 supra;”.

Page 19

3.9

Ad new sub-clause 8.4bis - Purchase Consideration and Payment

thereof

By the incorporation of a new sub-clause 8.4bis to read as follows:-

“8.4bis

In addition to the consideration attributable to the CALCINE DAM,

the ERGO PROPERTIES and the WITHOK COMPLEX, NEWCO

shall within 3 (three) business days following its written confirmation

of its acceptance of the due diligence investigation referred to in

clause 9bis infra, deliver to AGA a satisfactory financial institution

guarantee in the sum of ZAR40 000 000,00 (forty million RAND) in

terms whereof AGA is indemnified in respect of the rehabilitation

obligations associated with the WITHOK COMPLEX, the said

guarantee to be expressed as payable to AGA or its nominee.”

3.10

Ad new clause 9bis to the MAIN AGREEMENT - Environment, Health and
Safety and Related Costs

By the incorporation of a new clause 9bis to read as follows:-

“9bis

WITHOK COMPLEX

9bis.1

Notwithstanding anything to the contrary in the MAIN

AGREEMENT contained, the PARTIES agree and

acknowledge that the incorporation of that portion of the

WITHOK COMPLEX expressly referred to in sub-clause

1.1.8.2 of the THIRD ADDENDUM, shall be subject to a

due diligence investigation by NEWCO and its written

Page 20

acceptance thereof within a period of 6 (six) weeks

calculated from the date of signature of the THIRD

ADDENDUM. Should the due diligence:-

9bis.1.1

be acceptable to NEWCO, then and in such

event the relevant area in sub-clause 1.1.9.2

of the THIRD ADDENDUM shall be deemed

incorporated in the WITHOK COMPLEX for

the purposes of the MAIN AGREEMENT at

no additional consideration, save that the

rehabilitation obligations arising from such

area shall be assumed by EWCO which

does hereby indemnify, hold harmless and

absolve AGA in respect of any claims

associated therewith; or

9bis.1.2

not be acceptable to NEWCO, then and in

such event the THIRD ADDENDUM shall be

deemed amended by the deletion therein of

the whole of sub-clause 1.1.8.2 supra with

any concomitant amendments occasioned

thereby.

9bis.2

In no way derogating from the aforegoing, upon the

conclusion of the due diligence by NEWCO, it will furnish

AGA with the following information:-

Page 21

9bis2.1

an efficient operating decanting system;

9bis.2.2

a detailed water balance indicating the plan to

reduce the pool water over time;

9bis.2.3

the full extent of the monthly tonnages and

the link to the proposed deposition strategy;

9bis.2.4

the monitoring system that NEWCO intends

using, which will incorporate data on the

south wall cracking or movement thereof and

the south wall sinkhole, in addition to all of the

usual monitoring data; and

9bis.2.5

how

NEWCO plans to develop the western

buttress, which is required for stability, as the

BRAKPAN TSF height increases.”.

3.11

Ad new clause 11bis to the MAIN AGREEMENT

By the incorporation of a new clause 11bis to read as follows:-

“11bis.

CONTRACTS

Should the due diligence as provided for in clause 9bis be acceptable

to NEWCO, then and in such event AGA shall procure the consent of

the parties to the CONTRACTS to the assignment by AGA to

Page 22

NEWCO, with effect from the 15 January 2008, of the relevant rights

and obligations of AGA in terms of such CONTRACTS.”.

3.12

Ad Annexe “E” to the MAIN AGREEMENT - Drawing reflecting BENONI
CLUSTER and ERGO DUMPS (second plan headed “Location of Dumps
and Associated Registered Rights)

In the event of the acceptance of the due diligence investigation referred to in

9bis.1 supra (clause 3.10 of the THIRD ADDENDUM), then by the deletion in

the Legend reflected on Annexe “E” to the MAIN AGREEMENT of the words

“area excluded from sale”.

3.13

Ad Annexe “F” - Schedule of ERGO DESIGNATED RIGHTS

By the deletion thereof in its entirety and the substitution therefor of Annexe

“V” hereto.

3.14

Ad Annexe “E” - Drawing reflecting BENONI CLUSTER and ERGO

DUMPS

By the deletion thereof in its entirety and the substitution therefor of Annexe

“W” hereto.

3.15

Ad Annexe “G” - Schedule of ERGO MINING ASSETS

By the deletion thereof in its entirety and the substitution therefor of Annexe

“AA” hereto.

Page 23

3.16

Ad Annexe “H” - Schedule of excluded FREEHOLD land

By the deletion thereof in its entirety and the substitution therefor of Annexe

“X” hereto.

3.17

Ad Annexe “K” – Allocation of Purchase Consideration

By the deletion thereof in its entirety and the substitution therefor of Annexe

“BB” hereto.

MAIN AGREEMENT

The MAIN AGREEMENT as amended by the THIRD ADDENDUM, shall remain fully

binding and effective as between the according to the terms and tenor

thereof.

Counterparts

The THIRD ADDENDUM may be signed in separate counterparts, each of which shall

be deemed to be an original and all of which taken together shall constitute one and

the same instrument. A counterpart of the THIRD ADDENDUM in telefax form shall be

conclusive evidence of the original signature and shall be as effective in law as the

counterparts in original form showing the original signatures.

Page 24

Thus done and signed by AGA at Johannesburg on this the

day of November

2007, in the presence of the undersigned witnesses.

As witnesses:-

For: AngloGold Xxxxxxx Limited

/s/ XX Xxxxxx

- duly authorised signatory -

Thus done and signed by NEWCO at Johannesburg on this the 14

day of November 2007,

in the presence of the undersigned witnesses.

As witnesses:-

For: Ergo Mining (Proprietary) Limited

/s/ XX Xxxxxxx

- director -

Thus done and signed by DRD SA at Johannesburg on this the 15

day of November 2007,

in the presence of the undersigned witnesses.

As witnesses:-

For:

DRDGold South African Operations

(Proprietary) Limited

/s/ XX Xxxxxxxxx

- director -

Page 25

Thus done and signed by MINTAILS SA at Johannesburg on this the 14

day of November

2007, in the presence of the undersigned witnesses.

As witnesses:-

For:

MinTails South Africa (Proprietary)

Limited

/s/ XX Xxxxxxx

- director -

Annexe “L”

Extracts from the Minutes of a Meeting of the Board of Directors of Ergo Mining (Proprietary)
Limited, held at Johannesburg on the 14

day of November 2007

Resolved that :-

The company enters into a third addendum
with AngloGoldAshanti Limited, DRDGold
South African Operations (Proprietary)

Limited and MinTails South Africa

(Proprietary) Limited, upon the terms and
conditions contained in a draft of such
agreement which was tabled at this

meeting.

Xxxxx Xxxxxx Xxxxxxx, in his capacity as a
director of the company, be and he is
hereby authorised to sign the said

agreement for and on behalf of the

company.

Certified True Extracts

Chairman of the Meeting

Annexe "M"

Extracts from the Minutes of a Meeting of the Board of Directors of DRDGold South African
Operations (Proprietary) Limited, held at Johannesburg on the 15

day of November 2007

Resolved that :-

The company enters into a third addendum
with AngloGoldAshanti Limited, Friedshelf
849 (Proprietary) Limited and MinTails
South Africa (Proprietary) Limited, upon the
terms and conditions contained in a draft of
such agreement which was tabled at this
meeting.

Xxxxxx Xxxxxxxxx, in his capacity as a
director of the company, be and he is
hereby authorised to sign the said

agreement for and on behalf of the

company.

Certified True Extracts

Chairman of the Meeting

Annexe "N"

Extracts from the Minutes of a Meeting of the Board of Directors of MinTails South Africa
(Proprietary) Limited, held at Johannesburg on the 14

day of November 2007

Resolved that :-

The company enters into a third addendum
with AngloGoldAshanti Limited, Friedshelf
849 (Proprietary) Limited and DRDGold
South African Operations (Pty) Limited,
upon the terms and conditions contained in
a draft of such agreement which was tabled
at this meeting.

Xxxxx Xxxxxx Xxxxxxx, in his capacity as a
director of the company, be and he is
hereby authorised to sign the said

agreement for and on behalf of the

company.

Certified True Extracts

Chairman of the Meeting

Annexe “O”

Diagram for BRAKPAN TSF

(vide clause 1.1.1 supra)

Annexe “P”

Portion of BRAKPAN TSF

(vide clause 1.1.1 supra)

Annexe “Q”

Schedule of CONTRACTS

(vide clause 1.1.2 supra)

Annexe “R”

Diagram reflecting ERGO PROPERTIES

(vide clause 1.1.3 supra)

Annexe “S”

Copy of FIRST ADDENDUM

(vide clause 1.1.4 supra)

Annexe “T”

Copy of SECOND ADDENDUM

(vide clause 1.1.6 supra)

Annexe “U”

Diagram reflecting WITHOK COMPLEX

(vide clause 1.1.8.1 supra)

Annexe “V” to THIRD ADDENDUM

Annexe “F” to MAIN AGREEMENT

Schedule of ERGO DESIGNATED RIGHTS

(vide clauses 3.2 and 3.13 supra)

Annexe “W” to THIRD ADDENDUM

Annexe “E” to MAIN AGREEMENT

Drawing reflecting BENONI CLUSTER and ERGO DUMPS

(vide clauses 3.3 and 3.13 supra)

Annexe “X” to THIRD ADDENDUM

Annexe “H” to MAIN AGREEMENT

Schedule of Freehold land

(vide clause 1.1.20.3 supra)

Annexe “Y”

Diagram of Area referred to in EXCLUDED ASSETS

(vide clause 3.4 supra)

Annexe “Z”

Operating Parameters for the BRAKPAN TSF

(vide clause 3.7 supra)

Maximum rate of rise

7 (seven) meters per year

Minimum beach length (distance of pool from
coarse wall)

200 (two hundred) meters

Maximum pool elevation (to avoid flooding
the existing penstock tower)

1 649,5 meters above sea level

Present date on BRAKPAN TSF

Beach area

560 ha

Pool area

160 ha

Available deposition are

720 ha

Pool volume

8,9 Mm³

Pool elevation

1641 mASL

Pool depth

9 m

Additional height to TSF

10 m

Available capacity:-

Pool water reduction since 2005

4,0 Mt

Present pool volume (available for sub-
aqueous deposition)

11,6 Mt

“Airspace” to additional 10 m height at 1,3
t/m³

105 Mt

Total available (excluding the present water
volume)*

109 Mt

Pool Volume

9 Mm³

Annexe “AA” to THIRD ADDENDUM

Annexe “G” to MAIN AGREEMENT

ERGO MINING ASSETS

(vide clause 3.15 supra)

Annexe “BB” to THIRD ADDENDUM

Annexe “K” to MAIN AGREEMENT

Allocation of Purchase Consideration

(vide clause 3.17 supra)

ERGO DESIGNATED RIGHTS

1 453 420,00

Non-refundable deposit

13 000 000,00

BENONI CLUSTER

1,00

TRADE XXXX / TRADE NAME

1,00

ERGO MINING ASSETS (including the ERGO MINING
RIGHTS)

33 442 578,00

SITE

904 000,00

WITHOK COMPLEX

34 000 000,00

ERGO PROPERTIES

5 000 000,00

Total

ZAR87 800 000,00

excluding Value

Added Tax

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Memorandum of Agreement

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