MMH - Miranda Mineral Holdings Limited - Business rescue application in terms of

MMH - Miranda Mineral Holdings Limited - Business rescue application in terms of
section 131 of the companies Act,71 of 2008 and cautionary announcement         
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")                                                      
BUSINESS RESCUE APPLICATION IN TERMS OF SECTION 131 OF THE COMPANIES ACT,71 OF  
2008 AND CAUTIONARY ANNOUNCEMENT                                                
Shareholders of Miranda are hereby notified that Mr Ron Nel(a non-executive     
director and the previous CEO of the Company) has served an application on      
Miranda in terms of which he, in his capacity as a shareholder and alleged      
creditor of Miranda, intends to make application to the North Gauteng High      
Court, Pretoria in terms of Section 131 of the Companies Act, 71 of 2008 to     
place Miranda under supervision and commence business rescue proceedings.       
The Board of Miranda has resolved to oppose the application.                    
The application has been set down for hearing on 2 August 2011.                 
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that the full impact of the above application is still 
to be determined and may have a material effect on the price of the company`s   
securities.                                                                     
Accordingly, shareholders are advised to exercise caution when dealing in the   
company`s securities until further information is provided.                     
Johannesburg                                                                    
26 July 2011                                                                    
Date: 26/07/2011 10:13:02 Supplied by www.sharenet.co.za                     
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