The directors of Saracen Mineral Holdings Limited advised that Saracen's Chairman, Mr. Guido Staltari, has informed the company that he intends to retire as the chairman and as a director of the company at the conclusion of the company's forthcoming Annual General Meeting to be held on 26
November 2014. Current Non-executive Director Mr. Geoffrey Clifford will take up the role of Non-Executive Chairman upon Guido's retirement. Mr. Clifford also serves as a non-executive director on the Board of Independence Group NL and, from 2007 to 2011 he was a non-executive director (including as Chairman for the period 2008 to 2011) of Atlas Iron Limited.