Ann: Letter to Shareholders , page-5

2.6 Timing of payment
If you accept the Offer for all or some of your Shares in accordance with the instructions contained in the Bidder?s Statement, and the Offer becomes
unconditional, BCX Gold will pay the consideration for the Shares the subject of your acceptance to you on the date which is five Business Days
after the end of the Offer Period. As at the date of this Target?s Statement, that date is expected to be Friday, 18 November 2011.
However, if doing this would result in payment occurring more than one month after the date on which the Offer is declared unconditional, then,
provided you have accepted the Offer before it becomes unconditional, BCX Gold will provide the consideration to which you are entitled on
acceptance of this Offer by no later than the date that is one month after the date on which the Offer is declared unconditional.
If you accept the Offer after it becomes unconditional, you will be paid within the earlier of one month after acceptance and five Business Days after
the end of the Offer Period.