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MMH - Miranda Mineral Holdings Limited - Shareholder update regarding a court

Release Date: 10/01/2012 16:58
Code(s): MMH
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MMH - Miranda Mineral Holdings Limited - Shareholder update regarding a court application 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")- SHAREHOLDER UPDATE REGARDING A COURT APPLICATION The North Gauteng High Court, Pretoria, today ruled on a court application submitted by Mr Ron Nel and 34 other applicants. The court ordered that pending the hearing and final adjudication of the business rescue application, scheduled to be heard on 14 February 2012, Miranda is interdicted and restrained from proceeding with the proposed increase in authorised share capital contemplated in a circular to shareholders distributed on 9 December 2011, as well as the proposed rights issue (mentioned briefly in the above mentioned circular). Shareholders are advised that the meeting scheduled for 10:00 on 16 January 2012 remains on track and all resolutions not relating to the above two issues will still be considered at the general meeting. The increase in share capital and authority to the Board to allot and issue the respective authorised unissued shares in the share capital of the Company for purposes of the rights offer resolutions will accordingly be postponed until after the business rescue hearing on 14 February 2012. 10 January 2012 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 10/01/2012 16:58:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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