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## 25. SUBSIDIARIES 

<img src='content_image/214056.jpg'>

Notes: 

(a) Audited by HLB Mann Judd. 

(b) Audited by Ernst & Young Ghana 

(c) Audited by Ernst & Young Côte d’Ivoire 

(d) Central Ashanti Gold Limited has issued shares to the Ghanaian government during the prior period as required under the terms of the mining lease which has resulted in a 10% non-controlling interest. 

## 26. EVENTS OCCURING AFTER THE END OF THE REPORTING PERIOD 

Since the end of the financial year and to the date of this report no matter or circumstance has arisen that has significantly affected, or may significantly affect, the operations of the consolidated entity, the results of those operations or the state of affairs of the consolidated entity in subsequent financial years other than: 

(a) First gold was poured at the CAGP on 21 August 2011, in line with expectations. 

(b) Practical Completion of the construction of the CAGP processing facility was achieved on 20 July 2011 and full scale commissioning of the facility commenced with commercial production expected to be achieved in the fourth quarter of 2011. 

(c) Effective 1 August 2011 Central Ashanti Gold Limited’s name was changed by Special Resolution to Perseus Mining (Ghana) Limited. 

(d) On 19 August 2011 CAGL took over responsibility for plant commissioning, relieving the lump sum turn-key (“LSTK”) contractor of its obligations to complete performance testing. The LSTK contractor will remain liable for all contractual obligations other than the obligation to complete performance testing under the contract. 

