MMH - Miranda Mineral Holdings Limited - Update on Claw Back Offer and Rights

MMH - Miranda Mineral Holdings Limited - Update on Claw Back Offer and Rights   
Offer                                                                           
Miranda Mineral Holdings Limited                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/001940/06)                                            
Share code: MMH      ISIN: ZAE000074019                                         
("Miranda" or "the Company" or "the Group")                                     
Update on Claw Back Offer and Rights Offer                                      
Shareholders are referred to the Declaration Announcement in respect of the     
Claw Back Offer and Rights Offer, dated 9 March 2011, which indicated that a    
further announcement would be published to inform shareholders of the outcome   
of the remaining conditions precedent and to confirm or amend any of the        
salient dates referred to in the announcement.                                  
The final implementation of the Claw Back Offer and Rights Offer has not been   
effected yet due to administrative delays with:                                 
1) granting of final approval by the Registrar of Companies for the required    
registrations of the circular;                                                  
2) approval of valuations on certain of Miranda`s minor, greenfields mineral    
assets in terms of the SAMREC and SAMVAL Codes; and                             
3) foreign exchange clearance of the Claw Back funds of R74.8 million.          
Shareholders are advised that these delays are expected to be resolved          
promptly, but that they will have an impact on the salient dates in respect     
of the Claw Back Offer and Rights Offer, as published in the announcement of    
9 March 2011.                                                                   
A further announcement will be published as soon as practicably possible        
informing shareholders of the outcome of the remaining conditions precedent     
and amending the dates referred to in the previous announcement.                
Centurion                                                                       
25 March 2011                                                                   
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 25/03/2011 11:11:01 Supplied by www.sharenet.co.za                     
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