This notice is an integral component of the Mokopane 2015 Pre-Feasibility Study (thePFS) and should be read in its entirety and must accompany every copy made of the PFS. As detailed in Sections 1 and 2, the PFS has been prepared for Bushveld Minerals Limited (BML) by The MSA Group (Pty) Ltd (MSA), WorleyParsonsRSA (WP), Trueground Consulting (Trueground), Hatch Goba (Pty) Ltd (Hatch), Epoch Resources (Pty) Ltd (Epoch), Digby Wells Environmental (Digby Wells), BML and Hindsight Financial and Commercial Solutions (Pty) Ltd (Hindsight)) as the PFS Contributors. The PFS is based on information, opinions and data supplied to the PFS Contributors by BML and other parties. Each of the PFS Consultants hereby disclaims any responsibility or liability for: