Aflease Gold Limited
(Incorporated in the Republic of South Africa).
(Registration number 1984/006179/06)
JSE Share code: AFO
ISIN: ZAE000075867
International Prime QX (OTCQX): AFSGY
(�Aflease�)

HIGH COURT SANCTIONS SCHEME OF ARRANGEMENT

Aflease is pleased to advise shareholders that the Transvaal Provincial Division of the High Court of South Africa (�TPD�) on Tuesday, 3 February 2009, ordered that the scheme of arrangement between Aflease and its ordinary shareholders be sanctioned in terms of section 311 of the Companies Act, 1973, and declared it to be binding on Aflease and its shareholders (�order�). The TPD further ordered that the scheme not be implemented until all of the conditions listed in paragraph 7, pages 36 to 37 of the circular to Aflease shareholders issued on Friday, 19 December 2009, have been fulfilled or waived. The order has been lodged with the Companies and Intellectual Property Registration Office for registration.

Shareholders are reminded that the implementation of the scheme remains subject to the fulfilment or waiver (where permitted) of a number of conditions which were specified in the announcement released on 29 January 2009.

Parktown, Johannesburg
6 February 2009

MACQUARIE FIRST SOUTH ADVISERS (PTY) LIMITED.
Corporate adviser and sponsor in South Africa

DENEYS REITZ INC.
Attorneys to Aflease - South Africa




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