Ann: Presentation - Africa Iron Ore Conference , page-28

re: Ann: Presentation - Africa Iron Ore Confe... Morning Dugsab

To have the mine,Port & Rail timeframe aligned has always been the Board's desire, it was mentioned in the most recent presentation and last quarterly report. Please see below. However, we can see the change of tone from the Board "Sundance is confident...". So looks like step by step, they are achieving what they aim to achieve, very positive.

March quarterly report 22/4/14
Sundance is currently responding to the tenderers’ requests for technical information. The tenders are due to be received in April 2014 and the Company aims to complete this EPC process in a timeframe that is aligned with the finalisation of the port and rail EPC tender process.

RRS Conference 29/4/14
Mine and processing tender processing ongoing: The tender process concludes 30 April for mine plants and associated infrastructure – selection of contractor aligned with EPC process

Africa Iron Conference 3/6/14
Sundance is confident that the Mine Plant EPC can be completed in a timeframe aligned with the finalisation of the port and rail EPC tender process.

Cheers.

Pikapika