African Minerals - Re: AMI Stream Log - update 3 Update on temporary...

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20:50 16/01/2015

update 3 Update on temporary shutdown of operations on site We wish to update you on our recent communication regarding the demobilisation of staff from site in Sierra Leone. We also wish to advise you of your obligations during this period of suspension of operations. As you are aware the Company is experiencing difficult times due to the reduction in iron ore prices, and the devastating effect that the outbreak of Ebola has had on Sierra Leone. This has regrettably resulted in the activation of stage 4 of the Company’s Ebola protocol, and a temporary controlled shutdown of operations on site. Additionally we have activated a care and maintenance protocol, whilst we try to source sufficient working capital for the operation of the business. We are unable to specify the duration of the shutdown, but we will ensure that you are kept up-to-date with developments. During the shutdown, as you have been requested to stay at home on full pay, you must continue to respond to any telephone queries or email requests. Please also continue to liaise with your line manager if you have any work related queries. You must also ensure you are at all times available for work, and you are not permitted to undertake other paid work without our prior written consent. You will continue to be bound by the terms of your contract of employment. The Company will continue to pay your salary in the normal way, and you will also continue to receive your contractual benefits. We have had many queries regarding accrued R&R, unfortunately we are not in a position to state how this time will be treated, however the issue will be addressed as soon as it is practical to do so. As we will need to keep in contact with you during this period, please ensure that you notify the HR team immediately with any changes to your personal details. Thank you for your continued support, we will provide you with more information as it becomes available. Yours sincerely, Kevin Mclean COO

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