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PR. 238/2011 TLW-INTERIM DIVIDEND ANNOUNCEMENT

Interim Dividend
TLW has announced an Interim Dividend of 4 pence per share for the 2011 financial year.

Shareholders on the Ghana branch register will be paid their dividend in Ghana Cedis. The conversion rate for the dividend payments in Ghana Cedis will be determined using the applicable exchange rate on the record date (qualifying date).

Qualifying date
All shareholders registered in the books of TLW at the close of business on Friday, September 30, 2011 will qualify for the interim dividend.

Register
The Register of shareholders will not be closed.

Ex-Dividend Date
In view of the foregoing, the ex-dividend date has been set as Wednesday, September 28, 2011. Consequently, an investor purchasing TLW shares before this date will be entitled to the interim dividend. However, an investor buying TLW shares on or after September 28, 2011 will not be entitled to the interim dividend.

Dividend Payment Date
The interim dividend will be paid on Thursday, November 3, 2011.

in Accra, this 1st
day of September, 2011