Integrated Annual Report, Notice of Annual General Meeting, No Change Statement and BBBEE Annual Compliance Report Master Drilling Group Limited (Incorporated in the Republic of South Africa) (Registration number 2011/008265/06) JSE share code: MDI ISIN: ZAE000171948 (“Master Drilling” or the “Company” or the “Group”) INTEGRATED ANNUAL REPORT, NOTICE OF ANNUAL GENERAL MEETING, NO CHANGE STATEMENT AND BBBEE ANNUAL COMPLIANCE REPORT 1. Integrated Annual Report Master Drilling shareholders are advised that the Integrated Annual Report of the Company for the year ended 31 December 2018 (“Integrated Annual Report”), which incorporates the audited summarised consolidated annual financial statements and the notice of the Annual General Meeting, will be distributed to Master Drilling shareholders today, 17 April 2019. The Integrated Annual Report and the full set of the audited Group annual financial statements are also available on the Company’s website (www.masterdrilling.com). The audited summarised consolidated annual financial statements contain no changes from the abridged audited consolidated annual results for the year ended 31 December 2018 released on the Stock Exchange News Service of the JSE Limited on 26 March 2019. The annual financial statements are audited by BDO South Africa Incorporated (BDO) whose unqualified audit report is contained in the Integrated Annual Report and is also available on www.masterdrilling.com. 2. Notice of Annual General Meeting Notice is hereby given that the Seventh Annual General Meeting of Master Drilling will be held (subject to any adjournment, postponement or cancellation thereof) at the BDO offices, Wanderers Office Park, 52 Corlett Drive, Illovo, Johannesburg on Thursday, 6 June 2019 at 09h00, to transact the business as stated in the Annual General Meeting notice contained in the Integrated Annual Report 3. Record dates, voting and proxies The Board of Directors of the Company (“Board”) has determined, in accordance with sections 59(1) (a) and (b) of the Companies Act, that: • the record date for the purposes of participating in and voting at the Annual General Meeting (being the date on which a shareholder must be recorded in the Company’s register of shareholders in order to participate in and vote at the Annual General Meeting), shall be the close of business on Friday, 31 May 2019 (Voting Record Date); • the last day to trade for purposes of participating in and voting at the Annual General Meeting shall be the close of business on Tuesday, 28 May 2019 and; • the date by which forms of proxy for the Annual General Meeting are requested to be lodged for administrative purposes shall be 09h00 on Tuesday, 4 June 2019. Any forms of proxy not lodged by this date must be handed to the Chairperson of the Annual General Meeting immediately prior to the commencement of the meeting. The Chairperson may reject or accept any form of proxy which is completed and/or received otherwise than in accordance with the proxy notes, provided that he is satisfied as to the manner in which the shareholder concerned wishes to vote. 4. Broad Based Black Economic Empowerment Act (the "BBBEE Act"): Annual Compliance Report In compliance with paragraph 16.21 (g) and Appendix 1 to Section 11 of the JSE Listing Requirements, notice is hereby given that the Company’s annual compliance report in terms of section 13G (2) of the Act has been published and is available on the Company’s website at: www.masterdrilling.com. Fochville 17 April 2019 Sponsor Investec Bank Limited Date: 17/04/2019 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.