SUMATRA COPPER & GOLD PLC

Registered No. 5777015

ASX Announcement: 5 December 2017

Completion of Equity Raise

Sumatra Copper & Gold plc ("the Company") is pleased to report that the equity raising transactions foreshadowed in the Company's announcement of 1 December 2017 have been successfully completed as follows:

  • • 883,249,826 CDIs issued at a price of 1.23 cents to redeem the outstanding convertible notes plus interest to a value of US$8.28 million; and

  • • 804,317,829 CDIs issued at a price of 1.23 cents to raise US$7.52 million as required under the Major Equity Raise. These funds will be applied to payments of US$4.7 million to the Senior Lenders, U$S2.0 million in Subordinated Debt and US$0.8 million to replenish the debt service reserve account for interest to 31 December 2017.

The equity issues were approved by shareholders at the Company's general meeting held on 13 November 2017.

For further information please contact:

David Fowler

Phil Retter

Managing Director

Investor Relations

Sumatra Copper & Gold plc

NWR Communications

+61 8 9480 0620

M: +61 407 440 882

dfowler@scgplc.com

phil@nwrcommunications.com.au

About Sumatra Copper & Gold plc

Sumatra Copper & Gold plc (ASX: SUM) is a gold and silver producer and precious metals explorer in southern Sumatra, Indonesia. The Company's flagship asset is its Tembang gold-silver mine, currently in production. The Company also has an extensive exploration portfolio with projects ranging from brownfield, near-production opportunities to strategically located greenfield holdings.

Directors

Jocelyn Waller

Gavin Caudle

Andy Robb

Non-Executive Chairman

Non-Executive Director

Non-Executive Director

David Fowler

Adi Sjoekri

Managing Director

Executive Director

Contact

Amberley Business Centre

Registered address

IBM Building, Level 3

39 Parkside, Cambridge

1060 Hay Street

United Kingdom CB1 1PN

West Perth

Registered Number 5777015

Western Australia 6005

T: + 61 8 9480 0620

E:info@scgplc.com

ASX Code: SUM

Web:www.sumatracoppergold.com

Sumatra Copper & Gold plc (ASX:SUM)

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Sumatra Copper & Gold plc published this content on 06 December 2017 and is solely responsible for the information contained herein.
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