The Wits Gold Women's Trust

Shortly after establishing the Company, the principal shareholders of Wits Gold acknowledged their obligation to par ticipate in the social development of South Africa. Consistent with the country's Mining Industry Charter, these shareholders resolved to assist in encouraging the par ticipation of women in the mining industry. Accordingly, the Wits Gold Women's Trust was established with an initial shareholding comprising 5% in the initial equity of the Company.

The Wits Gold Women's Trust is chaired by Dr Brigalia Bam, the Head of the Independent Electoral Commission and is operated independently of Wits Gold. It is envisaged that the Trust will provide financial support to women in order to assist them in developing skills required for the mining industry.

In assessing the needs of communities, the Trust has conducted an investigation on the status of women in mining. This has assisted the Trust in identifying the needs and aspirations of women working in the mining industry.

The Trust has committed R2 300 000 for the provision of a number of bursaries during 2008. The bursaries will be granted to deserving candidates and will cover their further education for the following four years.

The Julian Baring Scholarship Fund

In 2000 The Julian Baring Scholarship Fund was created. The Fund seeks to endow a scholarship in Julian’s name, commemorating two of his passions, Africa and mining. Annual scholarships are awarded to African students endeavouring to pursue a career in mining. Each year bursaries are distributed to students seeking to do a one year post graduate exploration geology degree at Rhodes University in South Africa.

In 2004, the founding shareholders of Wits Gold allocated 1% of the initial equity in the Company to The Julian Baring Scholarship Fund.

Further details about the Fund, including application forms, can be found at www.thejulianbaringscholarship.com.