<SEC-DOCUMENT>0001199073-17-000347.txt : 20170510
<SEC-HEADER>0001199073-17-000347.hdr.sgml : 20170510
<ACCEPTANCE-DATETIME>20170510171504
ACCESSION NUMBER:		0001199073-17-000347
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170505
FILED AS OF DATE:		20170510
DATE AS OF CHANGE:		20170510

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CALEDONIA MINING CORP
		CENTRAL INDEX KEY:			0000766011
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-13345
		FILM NUMBER:		17831512

	BUSINESS ADDRESS:	
		STREET 1:		1 KING ST WEST
		STREET 2:		SUITE 4009
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 1A1
		BUSINESS PHONE:		(44) 1534-702-998

	MAIL ADDRESS:	
		STREET 1:		36 TORONTO ST
		STREET 2:		SUITE 1000
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5C 2C5

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GOLDEN NORTH RESOURCE CORP
		DATE OF NAME CHANGE:	19920302
</SEC-HEADER>
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<TYPE>6-K
<SEQUENCE>1
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<DESCRIPTION>CALEDONIA MINING CORPORATION 6-K
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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">FORM 6-K</div>

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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SECURITIES AND EXCHANGE COMMISSION</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Washington, DC 20549</div>

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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Report of Foreign Private Issuer</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Pursuant to Rule 13a-16 or 15d-16</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Of the Securities Exchange Act of 1934</div>

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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">For the month of&#160;May 2017</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Commission File Number: 000-13345</div>

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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 15.95pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 14pt; FONT-WEIGHT: bold">CALEDONIA MINING CORPORATION PLC</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">(Translation of registrant's name into English)</div>

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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 10.25pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">3rd Floor, Weighbridge House<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><br>
</font>Weighbridge<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><br>
</font>St Helier, Jersey<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><br>
</font> JE2 3NF</div>

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<font style="FONT-WEIGHT: normal">(Address of principal executive offices)</font></div>

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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F</div>

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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Form 20-F&#160;<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>&#160;&#160; &#160; x&#160;&#160; &#160;&#160;</u></font><font style="FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 1pt">&#160;&#160;</font>Form 40-F ______</div>

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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ______</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ______</div>

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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</div>

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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Yes ______ <font style="FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 1pt">&#160;&#160;</font>No&#160;<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>&#160;&#160;&#160;&#160;&#160;&#160; x&#160; &#160;&#160;&#160;&#160;&#160;</u></font></div>

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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ______</div>

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</font><font style="FONT-WEIGHT: bold">Signatures</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 3pt; FONT-SIZE: 10pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Caledonia Mining Corporation</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">(Registrant)</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">By: <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>/s/ Steve Curtis&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></font></div>
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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Dated:&#160;May 10, 2017</div>
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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Name: Steve Curtis</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Title: CEO and Director</div>
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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><a href="exh99_1.htm#Exhibit99.1">99.1</a></div>
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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 12.55pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Alternative Monthly Report</div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh99_1.htm
<DESCRIPTION>EXHIBIT 99.1
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<div style="TEXT-ALIGN: right; FONT-WEIGHT: bold"><a id="Exhibit99.1" name="Exhibit99.1"><!--Anchor--></a>Exhibit 99.1</div>

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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ALTERNATIVE MONTHLY EARLY WARNING REPORT </div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PURSUANT TO SECTION 4.5 OF NATIONAL INSTRUMENT 62-103</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">The following is the report required by Section 4.5 of National Instrument 62-103:</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1. Name and address of the eligible institutional investor(s):</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Allan Gray Africa Equity Fund Limited</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">and</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Allan Gray Africa ex-SA Equity Fund Limited</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">c/o Allan Gray Proprietary Limited</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">1 Silo Square</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">V&amp;A Waterfront</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Cape Town, 8001</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">South Africa</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">(together the &#8220; <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Eligible Institutional Investors </font>&#8221;)</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2. Name of reporting issuer with respect to which this report is filed:</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Caledonia Mining Corporation</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">1 King Street West</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Toronto, ON M5H 1A1 Canada</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">(the &#8220; <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Reporting Issuer </font>&#8221;)</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3. Month with respect to which this report is filed:</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">April 2017</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">4. Net increase or decrease in the number or principal amount of securities, and in the eligible institutional investor&#8217;s(s&#8217;) security holding percentage in the class of securities, since the last report filed by the eligible institutional investor(s):</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">As at last report filed by the Eligible Institutional Investors, the aggregate security holding percentage was 8,358,500 common shares (&#8220; <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Securities </font>&#8221;) of the Reporting Issuer, representing 15.9457% of the 52,418,408 issued and outstanding Securities of the Reporting Issuer as at January</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">3, 2017.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Since the last report, the Eligible Institutional Investors have increased their net security holding by 1,097,700 Securities.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">5. Designation and number or principal amount of securities and the eligible institutional <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">investor&#8217;s(s&#8217;) security </font>holding percentage in the class of securities at the end of the month for which this report is made:</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">The aggregate security holding percentage of the Eligible Institutional Investors is 9,456,200 Securities of the Reporting Issuer, representing 17.9137% of the 52,787,428 issued and outstanding Securities of the Reporting Issuer as at April 30, 2017. The Eligible Institutional Investors are investment funds the portfolios of which are managed by Allan Gray International Proprietary Limited. The eligible security holding percentage of each Eligible Institutional Investor as at April 30, 2017 is as follows:</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Allan Gray Africa Equity Fund Limited - 3,939,650 Securities, representing 7.4632% of the issued and outstanding Securities of the Reporting Issuer.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Allan Gray Africa ex-SA Equity Fund Limited - 5,516,550 Securities, representing 10.4505% of the issued and outstanding Securities of the Reporting Issuer.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">6. Designation and number or principal amount of securities and the percentage of outstanding securities referred to in item 5 over which:</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(a) the eligible institutional investor(s), either alone or together with any joint actors, has ownership and control:</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Not applicable.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(b) the eligible institutional investor(s), either alone or together with any joint actors, has ownership but control is held by other persons or companies other than the eligible institutional investor(s) or any joint actor:</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Not applicable.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(c) the eligible institutional investor(s), either alone or together with any joint actors, has exclusive or shared control but does not have ownership:</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">All of the Securities referred to in item 5 are controlled (but not owned) by Allan Gray International Proprietary Limited on behalf of the Eligible Institutional Investors, each being an investment fund over which Allan Gray International Proprietary Limited has discretionary trading authority. The securities are held in trust by Citibank Canada and Standard Chartered (Mauritius) Limited, as custodians.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">7. Purpose of the eligible institutional investor(s) and any joint actors in acquiring or disposing of ownership of, or control over, the securities, including any future intention to acquire ownership of, or control over, additional securities of the reporting issuer:</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">The Securities referred to in this report were acquired in the ordinary course of business, for investment purposes only and not for the purpose of exercising control or direction over the Reporting Issuer. Allan Gray International Proprietary Limited may from time to time on its own behalf or on behalf of Eligible Institutional Investors or other client accounts over which it has discretionary trading authority, acquire additional Securities, dispose of some or all of the existing or additional Securities or may continue to hold the Securities referred to in this report.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">8. The general nature and the material terms of any agreement, other than lending arrangements, with respect to securities of the reporting issuer entered into by the eligible institutional investor(s), or any joint actor, and the issuer of the securities or any other person or company in connection with any transaction or occurrence resulting in the change in ownership or control giving rise to the report, including agreements with respect to the acquisition, holding,</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">disposition or voting of any of the securities:</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Not applicable.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">9. </font>Disclosure of the eligible institutional investor&#8217;s(s&#8217;) interest in any related <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">financial instrument </font>involving a security of the reporting issuer that is not otherwise reflected in the current security holding percentage of the eligible institutional investor(s):</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Not applicable.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">10. The names of any joint actors in connection with the disclosure required by this report:</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">All of the Securities referred to in item 5 are controlled by Allan Gray International Proprietary Limited on behalf of the Eligible Institutional Investors, each being an investment fund over which the Allan Gray International Proprietary Limited has discretionary trading authority. Allan Gray International Proprietary Limited may be considered a joint actor of the Eligible Institutional Investors.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">11. If applicable, a description of any change in any material fact set out in a previous report by the eligible institutional investor(s):</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Not applicable.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">12. Statement regarding eligibility to file reports under Part 4 of National Instrument 62-103 in respect of reporting issuer:</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">The Eligible Institutional Investors are eligible to file reports under Part 4 of National Instrument 62-103 in respect of the Reporting Issuer.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">13. </font>Contact person:</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">For further information, contact Michael Percy at +27 21 415 9315, or </font><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">compliance@allangray.co.za</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">.</font></div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 10.85pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">DATED the 05<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">th </font>day of May, 2017.</div>

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<td style="WIDTH: 50%"><strong>By: </strong><font style="FONT-VARIANT: normal; FONT-STYLE: italic; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><u>(signed) Michael Percy&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></font></td>
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