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Sovereign Gold Company Limited - $1 million of SPP underwritten by Hudson Investment Group

June 20, 2014

ENP Newswire - 20 June 2014

Release date- 19062014 - Sovereign Gold Company Limited (ASX: SOC) is pleased to announce that, following discussions with Hudson Investment Group Limited (ASX: HGL), Hudson have agreed to underwrite the first $1 million of the recently announced Share Purchase Plan.

Any shortfall from the first $1 million of the SPP Offer will be issued to the Underwriter or sub- underwriters nominated by the Underwriter from Sovereign Gold's 15% placement capacity under ASX Listing Rule 7.1, or as otherwise approved by the Sovereign Gold's shareholders.

Full details of the SPP, including the underwriting terms and conditions will be included in the SPP offer documents to be sent to eligible shareholders on 23 June 2014.

SPP Summary

The Offer price will be the lower of 4 cents or a 10% discount to the volume-weighted average price of SOC shares traded on the Australian Securities Exchange (ASX) over the 5 trading days up to and including the day on which the Offer is scheduled to close (23 July 2014), rounded down to the nearest one tenth of one cent. The maximum price that eligible shareholders will pay is 4 cents per New Share.

Shareholders can purchase shares totalling up to $15,000.

Shares issued under the SPP will rank equally with existing shares.

Indicative Dates

Record Date 16 June 2014

Announcement of the Share Purchase

Plan 17 June 2014

Documents mailed to Eligible

Shareholders 23 June 2014

Opening date for acceptances 23 June 2014

Closing date for acceptances 23 July 2014

Allotment and issue of New Shares 30 July 2014

Quotation of New Shares on ASX 30 July 2014

Despatch of shareholder statements 30 July 2014

Investor Contact:

Henry Kinstlinger

Sovereign Gold Company Limited

Tel: +61 2 9251 7177

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Source: ENP Newswire

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