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Master Drilling Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2011/008265/06)
JSE share code: MDI
ISIN: ZAE000171948
(“Master Drilling” or the “Company”)
NOTICE, AS REQUIRED IN TERMS OF SECTION 45(5)(a) OF THE COMPANIES ACT, 71 OF 2008
(THE ACT), OF THE GRANTING OF FINANCIAL ASSISTANCE
In terms of the provisions of section 45(5)(a) of the Act and pursuant to the special resolution passed
by shareholders authorising the board of directors ("the board") to provide direct or indirect financial
assistance to related and inter-related companies or corporations, shareholders are notified by the
Company that the board adopted a resolution in terms of section 45(3)(b) of the Act on 4 August
2022, authorising the Company to grant financial assistance in the form of various bank guarantees
not exceeding USD45,000,000 to its subsidiaries, as and when required.
As required by section 45 of the Act, the board is satisfied and acknowledges that: (i) immediately
after providing such financial assistance, the Company would satisfy the solvency and liquidity test as
provided for in section 4 of the Act; and (ii) the terms under which such financial assistance would be
given are fair and reasonable to and in the best interest of the Company.
Fochville
11 August 2022
Sponsor
Investec Bank Limited (acting through its Corporate and Investment Banking division)
