Purchase of Shares by Substantial Shareholder

15 November 2016

Steppe Cement Ltd

Purchase of Shares by Substantial Shareholder 

Pursuant to AIM Rule 17, Steppe Cement Ltd ("Steppe Cement" or "Company") received notification that Alwaha Fund Limited acquired a total of 975,000 ordinary shares in Steppe Cement. Following the acquisition, Azmi Wan Hamzah, raised his shareholdings in Steppe Cement from 62,760,906 shares to 63,735,906 shares, representing 29.1% of the Company's issued share capital. Azmi Wan Hamzah's interests in Steppe Cement are held via Halfmoon Bay Capital Limited, Mango Bay Enterprises Inc. and Alwaha Fund Limited.

Steppe Cement's AIM nominated adviser and broker is RFC Ambrian Limited.

Nominated Adviser: Contact Stephen Allen or Oliver Morse at +61 8 9480 2500.

Broker: Contact Charlie Cryer at +44 20 3440 6800