WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED
(Reg. No. 2002/031365/06)
(Incorporated in the Republic of South Africa)
JSE Code: WGR
ISIN: ZAE000079703
TSX Code: WGR
CUSIP Number: S98297104
(“Wits Gold”)

JOHANNESBURG, Dec. 13, 2013 /CNW/ – Wits Gold shareholders are referred
to the Firm Intention Announcement released on SENS and filed on SEDAR
dated 11 December 2013, regarding the offer received from Sibanye Gold
Limited to acquire the entire issued share capital of Wits Gold by way
of a scheme of arrangement in terms of section 114 of the Companies Act
71 of 2008 (“Scheme“).

Shareholders are advised that Wits Gold has sought and obtained a
dispensation from the Takeover Regulation Panel relating to the
requirement under regulation 102(2) of the Companies Act Regulations
for the circular in respect of the Scheme (“Scheme Circular“) to be posted within 20 business days after the date of publication of
the Firm Intention Announcement. Consequently Wits Gold confirms that
the Scheme Circular will be posted to Wits Gold shareholders on or
before 10 February 2014.

Johannesburg
13 December 2013

Corporate Adviser and Lead JSE Sponsor
Macquarie First South Capital Proprietary Limited

JSE Sponsor
PricewaterhouseCoopers

SOURCE Wits Gold