19 January 2012: Sierra Rutile Limited (“the Company”) today received notice that, Mr Michael Barton, a Non-Executive Director of the Company, has purchased 20,000 ordinary shares of no par value (“Ordinary Shares”) at an average price of 55 pence per share.

19 January 2012: Sierra Rutile Limited (“the Company”) today received notice that, Mr Jan Castro, the Non-Executive Chairman of the Company, has purchased 25,000 ordinary shares of no par value (“Ordinary Shares”) at an average price of 54.78 pence per share.

18 January 2012: Sierra Rutile Limited (“the Company”) today received notice that, Mr Jan Castro, the Non-Executive Chairman of the Company, has purchased 35,000 ordinary shares of no par value (“Ordinary Shares”) at an average price of 54.62 pence per share.

4 January 2012: Sierra Rutile Limited (“the Company”) today received notice that, Mr Jan Castro, the Non-Executive Chairman of the Company, has purchased 70,000 ordinary shares of no par value (“Ordinary Shares”) at an average price of 41 pence per share.

22 December 2011: Sierra Rutile Limited (“the Company”) today received notice that, Mr Jan Castro, the Non-Executive Chairman of the Company, has purchased 75,000 ordinary shares of no par value (“Ordinary Shares”) at an average price of 33.3 pence per share.