List of 8 South Africa Metals/Mining Investors

Investor	PE Assets $mlns	Portfolio	M&A Activity Buy vs Sell, Last 5 Years
Apex Partners Johannesburg, South Africa Private Equity Firm • website	-	5	5
Capitalworks Investment Partners Sandton, South Africa Asset Manager • 2006 • website See all 4	1,000	9	1
Ethos Private Equity Illovo, South Africa Private Equity Firm • 1984 • website See all 27	1,200	52	16
Global Capital (Pty) Ltd. Johannesburg, South Africa Merchant Bank • 1995 • website See all 3	-	33	11
Old Mutual Private Equity Johannesburg, South Africa Corporate Investor • 2003 • website See all 9	678	14	-
Musa Capital Private Equity Johannesburg, South Africa Private Equity Firm • 1995 • website	110	6	6
Imbewu Capital Partners (Pty) Ltd La Lucia Ridge, South Africa Private Equity Firm • 2005 • website See all 2	-	1	1
Aka Capital Bryanston, South Africa Private Equity Firm • 2001 • website See all 1	-	14	6

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South Africa Metals/Mining Investors