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Sovereign Gold Share Purchase Plan Closes

July 29, 2014

ENP Newswire - 29 July 2014

Release date- 25072014 - Applications for Sovereign Gold Company Limited's 2014 Share Purchase Plan has closed.

We advise that the SPP is priced at 3.4 cents per share.

This price has been determined in accordance with the Terms and Conditions of the SPP Offer as the lower of:

1. 4 cents or

2. a 10% discount to the volume-weighted average price of Sovereign Gold Shares traded on the ASX over the 5 trading days up to and including the Closing Date, rounded down to the nearest one tenth of one cent.

It is expected that the New Shares will be issued on 30 July 2014, or as soon as possible after that date.

At this time, Sovereign Gold will apply for the New Shares issued under the SPP to be quoted on the ASX.

All New Shares issued under the SPP will rank equally with existing Sovereign Gold Shares from the date of issue, and carry the same voting rights, dividend rights and other entitlements as existing Sovereign Gold Shares. The SPP applications will not be subject to scale back.

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.

Investor Contact:

Henry Kinstlinger

Sovereign Gold Company Limited

Tel: +61 2 9251 7177

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Source: ENP Newswire

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