Notice of GM

8 April 2016

Asa Resource Group PLC

(the "Company")

Notice of General Meeting

The Company is today posting a circular convening a General Meeting of the Company to be held on Thursday 12 May 2016 at 2pm at Prince Frederick House, 35-39 Maddox Street, London W1S 2PP to seek shareholder approval for the following ordinary resolutions.

1 To appoint Ernst & Young LLP as auditors of the Company to hold office from the conclusion of the meeting to the conclusion of the next meeting at which the accounts are laid before the Company. The resolution is being put to shareholders in order to fill the vacancy arising out of the decision of shareholders not to reappoint the former auditors at the Company's Annual General Meeting held on 29 September 2015.

2 To authorise the directors to fix the remuneration of the auditors.

3 To authorise the directors to communicate electronically with shareholders for the purpose of Companies Act 2006 communications.

4 To authorise the directors to amend the Company's Articles of Association to provide for electronic communications per Resolution 3 above.

A copy of the Notice of the General Meeting and Forms of Proxy will be available on Asa Resource Group PLC's website at www.asaukplc.com.

For further information please visit www.asaukplc.com or contact:

London:

Asa Resource Group Plc

One Fleet Place, London EC4M 7W

Yim Kwan, Finance Director

Amilha Young, Group General Counsel and Company Secretary

Tel: +44(0) 20 3696 5470

Hong Kong:

Asa Resource Group Plc

Units 509-510, Level 5, Core E, Cyberport 3, 100 Cyberport Road, Hong Kong

Samuel Ng, Investment Manager

Tel: +852 25662638

Nominated Adviser

Grant Thornton UK LLP

30 Finsbury Square, London EC2P 2YU

Colin Aaronson, Richard Tonthat, Carolyn Sansom

Tel: +44 (0) 20 7383 5100

Financial Adviser and Corporate Broker

Cantor Fitzgerald Europe

1 Churchill Place, Canary Wharf, London E14 5RB

Stewart Dickson, Jeremy Stephenson, Patrick Pittaway

Tel: +44 (0) 20 7894 7000

Public Relations

Kirstin Barwise (South Africa) Tel: +27 (0) 74 825 3202

E-mail: [email protected]