Litigation update - Yakani claim settled 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”) Litigation update – Yakani claim settled As previously announced on 16 July 2012, Yakani Resources (Proprietary) Limited (“Yakani”) instituted action against, inter alia, Miranda (“the Parties”) for repayment of the aggregate sum of R39, 5 million being a claim for partial restitution, alternatively damages, based primarily on an alleged misrepresentation in Miranda’s financial statements at the time Yakani subscribed for shares in the Company in 2008. The Board of Miranda is pleased to announce that the Parties have settled the proceedings between themselves only. In terms of the settlement agreement:- 1. Miranda agreed to pay Yakani an amount of R2.5 million, being the balance of a loan, owed to Yakani by Miranda, as at 31 August 2012; 2. Yakani agreed to pay Miranda’s legal representatives an amount of R190 000 as a contribution to legal fees incurred by Miranda in the course of defending the proceedings; and 3. Yakani agreed to withdraw its claims against Miranda. The Company received a notice of withdrawal from Yakani’s legal representatives, dated Tuesday 27 November 2012, stating that Yakani withdraws its action against Miranda only. 3 December 2012 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 03/12/2012 02:45:00 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.