New Trading Statement MINE RESTORATION INVESTMENTS LIMITED (formerly Capricorn Investment Holdings Limited) (Registration Number 1987/004821/06) (“MRI” or “the Company”) Share code: MRI ISIN: ZAE000164562 NEW TRADING STATEMENT In terms of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported will differ by at least 20% from the financial results for the previous corresponding period. Shareholders are advised that in compliance with IFRS 3: Business Combinations, the period that will be used by MRI in reporting its interim results will be the eight month period ended 31 August 2012, whilst the comparative period will be the results of Western Utilities Corporation Proprietary Limited (“WUC”), the wholly owned subsidiary company of MRI, for the six-month period to June 2011. WUC was reverse-listed into MRI during June 2012. Notwithstanding the reporting methodology in the preceding paragraph, the Company is required insofar as a trading update is required, to compare the results of MRI for the eight-month period to 31 August 2012 with the results published by MRI under its former name, Capricorn Investment Holdings Limited, for the six-month period ended 31 August 2011. Accordingly, shareholders are advised that earnings per share and headline earnings per share for the eight month period ended 31 August 2012 are both expected to be between 80% and 90% lower than the earnings per share and headline earnings per share for the six-month period ended 31 August 2011. The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s auditor. Johannesburg 27 November 2012 Designated Advisor Arcay Moela Sponsors (Pty) Ltd (Registration number 2006/033725/07) Date: 27/11/2012 11:17:00 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.