Sakari scales new heights

Sakari doubles Net Profit

- Full Year Revenue exceeds $1 billion for the first time

- $73.0m Q4’11 NPAT ~ strongest ever for Sakari up 139% (Q4’10: $30.5m)

- $190.3m FY’11 NPAT ~ up 116% (FY’10: $88.2m)

- ASP of $100/t in Q4’11 driven by strong marketing performance

- First coal shipments from Northern Leases transform margins and profits in Q4’11

- 60% of FY’11 Net Profits payable as dividends (proposed final dividend of 5.83 cents brings 2011 total to 10.07 cents per share)

“It's a hard won and very satisfying result for that reason,” said CEO of Sakari Resources Martin Purvis. “It's a result that reflects the substantial effort from every employee in the team to overcome the challenges we faced in 2010 and exceed the far-reaching targets we set at the beginning of 2011.”

“Without wanting to focus on just one area of endeavour within so many positive contributions, it's clear that the performance of the Sebuku team over the past 12 months, in finally realising the latent potential of the Northern Leases project area, has shown enormous dedication and commitment.”

It is Sakari Resources' policy to pay 60% of profit after tax as dividends subject to the Group's capital and other requirements. In line with the policy the Directors have recommended a final tax exempt cash dividend for FY'11 of 5.83 US cents per share (2010: 2.85 US cents per share). Sakari paid an interim dividend for 2011 aggregating 4.24 US cents per share (2010: 1.83 US cents per share). If paid, the proposed final dividend of 5.83 US cents per share (2010: 2.85 US cents per share) will take total dividends paid for FY‟11 to 10.07 US cents per share (2010: 4.68 US cents per share), aggregating $114.17m (2010: $68.07m) which represents 60% of 2011 profit after tax. The dividend, if approved by shareholders at the Annual General Meeting scheduled for 26 April 2012, will be paid on 18 May 2012.