MASTER DRILLING GROUP LIMITED - Notice of the Granting of Financial Assistance to Subsidiaries
Notice of the Granting of Financial Assistance to Subsidiaries
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 OF THE GRANTING OF FINANCIAL ASSISTANCE TO SUBSIDIARIES
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 that the board adopted a resolution authorising the Company to
grant financial assistance in the form of various bank guarantees in total not exceeding USD70,000,000
to its subsidiaries, as and when required.
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 Companies
Act, 71 of 2008; 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
24 December 2025
Sponsor
Investec Bank Limited
Date: 24-12-2025 09:03:00
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