Issue of Shares for cash to Sonset Nominees (Proprietary) Limited 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”) Issue of shares for cash to Sonset Nominees (Proprietary) Limited Shareholders are advised that 42 676 585 new Miranda ordinary shares (“the shares”) will be issued to Sonset Nominees (Proprietary) Limited (“Sonset”) on or about 16 August 2012 at an issue price of ZAR0.16154 cents per share (“the general issue”) which amounts to R6 893 975.54 and is pursuant to an agreement dated 7 August 2012. The shares have been issued at a discount of 10% to the weighted average traded price of the equity securities for the 30 days prior to the date that the issue was agreed being 3 August 2012. The authority for the general issue of shares for cash was approved by shareholders on 2 April 2012. Application has been made to the JSE Limited (“the JSE”) to grant a listing of the shares on 16 August 2012, which will rank pari passu in all respects with Miranda’s ordinary shares currently in issue. The proceeds of the issue will be used to carry out pre-feasibility and scoping studies on certain projects, finalise geological reports and carry out geological field mapping. Further, in accordance with section 122 of the Companies Act, No 71 of 2008 and section 3.83(b) of the JSE Limited`s Listings Requirements, shareholders are hereby advised that as a result of the above mentioned transaction Sonset will now own 15% of Miranda’s securities. Financial effects The pro forma financial effects of the general issue on Miranda’s historical Loss per share (“LPS”) and headline loss per share (“HLPS”) for the six months ended 29 February 2012 and net asset value (“NAV”) and net tangible asset value (“NTAV’) per share at 29 February 2012, are set out in the table below. The unaudited pro forma financial effects of the general issue are provided for illustrative purposes only to illustrate the effects of the general issue on Miranda’s Reviewed results for the six months ended 29 February 2012. The unaudited pro forma financial effects are the responsibility of Miranda’s directors. Due to the nature of the unaudited pro forma financial information, it may not give a fair picture of Miranda’s financial results and position after the general issue. Reviewed results for the Pro Forma Change six months ended 29 After the general February 2012 issue (cents) (cents) Loss and Headline Loss (5.68) (4.94) 13% per share NAV per share (1.42) 0.79 156% NTAV per share (13.31) (9.54) 28% Weighted average shares 284 511 327 187 in issue (‘000) Number of shares in issue 284 511 327 187 (‘000) Notes and assumptions: 1. The amounts in the “Before the general issue for cash” column are based on the published Reviewed interim financial results of Miranda for the six months ended 29 February 2012. 2. The “After the general issue for cash” column reflects the pro forma financial position after the general issue for cash based on the issue of 42 676 585 ordinary shares at R0,16154 per share, resulting in a net cash inflow of R6,893 ,976 after transaction costs of R246 397. Transaction costs are set off against equity. No interest received benefit is assumed for purposes of adjusting earnings as it is assumed the cash proceeds will be used for operating purposes. 3. The effects on loss per share and headline loss per share are calculated based on the assumption that the general issue for cash was effected on 1 September 2011. 4. The effects on net asset value per share and tangible net asset value per share are calculated based on the assumption that the general issue for cash was effected on 29 February 2012. 5. The unaudited pro forma financial effects have been prepared using accounting policies that comply with International Financial Reporting Standards and that are consistent with those applied in preparing the interim financial statements of Miranda Mineral Holdings Ltd for the 6 months ended 29 February 2012. Centurion 15 August 2012 Sponsor PricewaterhouseCoopers Corporate Finance (Proprietary) Limited Date: 15/08/2012 05:15:00 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.