MINE RESTORATION INVESTMENTS LTD - Results of annual general meeting and changes to the board

Results of annual general meeting and changes to the board

MINE RESTORATION INVESTMENTS LIMITED
(formerly Capricorn Investment Holdings Limited)
(Registration Number 1987/004821/06)
(“MRI” or “the Company”)
Share code: MRI     ISIN: ZAE000164562


RESULTS OF ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD OF
DIRECTORS


RESULTS OF ANNUAL GENERAL MEETING

The Company is pleased to advise shareholders that all the
resolutions contained in the notice of annual general meeting
as provided to shareholders on 26 September 2014 were passed by
a comprehensive majority of shareholders present or represented
by proxy. Altogether 542 282 333 shares, eligible to vote and
representing 65.05% of MRI’s issued share capital, were
represented at the meeting.

The results of the voting are as follows:

                                             For (%)*     Against
                                                             (%)*
Ordinary resolution number 1 - Adoption of         100%
the Annual Financial Statements
Ordinary resolution number 2 –                     100%
Reappointment and remuneration of an
auditor
Ordinary resolution number 3 – Approval of         100%
Remuneration Policy
Ordinary resolution number 4 – General             100%
authority to allot and issue shares for
cash
Ordinary resolution number 5 – Election            100%
and re-election of director – Q George
Ordinary resolution number 6 – Election            100%
and re-election of director – C Roed
Ordinary resolution number 7 – Election of         100%
audit committee member – C Roed
Ordinary resolution number 8 – Election of         100% -
audit committee member – J Lewis^
Ordinary resolution number 9 – Election of         100%
audit committee member – S Caddy
Special resolution number 1 – General              100%
authority to acquire (repurchase) shares
Special resolution number 2 – General              100%
authority to enter into funding
agreements, provide loans or other
financial assistance
Special resolution number 3 – Non-               100%
executive directors’ remuneration

*as a percentage in relation to the total shares represented at
the meeting, being 65.05% of MRI’s issued share capital
^ resolution withdrawn at the meeting as Mr J Lewis resigned
from the board effective 29 October 2014

No MRI shares abstained from voting on the above resolutions.

CHANGES TO THE BOARD

In   compliance  with   paragraph   3.59(a) of  the   Listings
Requirements of the JSE Limited, the following changes to the
board of directors have taken place:

1. Mr Anthon Meyer will be changing his role from executive,
   financial director of MRI to non-executive director with
   effect from 1 December 2014. The board thanks Anthon for his
   great contribution to the Company during his tenure and look
   forward to still accessing his knowledge and wisdom on the
   board as a non-executive director.

2. The board is pleased to announce that Mr Carl-Heinz Gernandt
   has been appointed as financial director of the Company with
   effect from 1 December 2014.

  Carl obtained his BCom (Internal Auditing) degree in 2002
  from the University of Pretoria, and is a member of the
  Association of Certified Chartered Accountants.     His prior
  experience includes directorship, financial managerial and
  internal auditing positions held in various listed and other
  auditing related companies, his most recent position being
  that of Group Financial Manager at Jubilee Platinum Plc where
  he was appointed as such in June 2011.

  The board welcomes Carl and looks forward to his insight and
  contribution.

3. Mr Justin Lewis has resigned as non-executive director of MRI
   with effect from 29 October 2014. The board thanks Justin for
   his valuable contribution to the Company and wishes him well
   in his future endeavours.


Johannesburg
30 October 2014

Designated Adviser: Afrasia Corporate Finance (Pty) Ltd

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