CPN - Capricorn - Mandatory Offer Results

CPN - Capricorn - Mandatory Offer Results                                       
CAPRICORN INVESTMENT HOLDINGS LIMITED                                           
(to be renamed Mine Restoration Investments Limited)                            
(Registration Number 1987/004821/06)                                            
("Capricorn" or "the Company")                                                  
Share code: CPN     ISIN: ZAE000149951                                          
MANDATORY OFFER RESULTS                                                         
Shareholders are advised that the mandatory offer by Trinity Asset Management   
(Pty) Ltd ("TAM") at 13 cents per share, which closed at 12:00 on Friday, 18 May
2012, was accepted in respect of 552 897 Capricorn shares, comprising 0.92% of  
the total number of issued shares.                                              
Accordingly, the mandatory offer has resulted in an increase in TAM`s           
shareholding in Capricorn to 85.11%.                                            
It should be noted though that subsequent to the closing date of the mandatory  
offer, the Acquisition of WUC and Specific Share Issues as detailed in the      
circular to shareholders dated 2 April 2012 concluded and accordingly TAM`s     
shareholding will decrease to approximately 46.20% once new Capricorn shares are
issued in terms of the Acquisition of WUC and Specific Share Issues.            
For and on behalf of the board                                                  
22 May 2012                                                                     
Johannesburg                                                                    
Sponsor                         Corporate Advisor                               
Arcay Moela Sponsors            AfrAsia Corporate Finance                       
(Proprietary) Limited           (Proprietary) Limited                           
Date: 22/05/2012 14:27:01 Supplied by www.sharenet.co.za                     
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