CANCELLATION OF S329963 Shareholder update and withdrawal of cautionary 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 and withdrawal of cautionary 1. Introduction Shareholders are referred to the condensed reviewed provisional results for the year ended 31 August 2012, as announced on 29 November 2012, in which the Company reported that: 1.1 Settlement of the dispute between Sesikhona and Stefanutti Stocks Mining Services a division of Stefanutti Stocks (Proprietary) Limited (“SSMS”) for an amount of R8 million is imminent; an additional buyer for the anthracite of Sesikhona Klipbrand Colliery Pty Limited (“Sesikhona”) has been identified and that a Coal sale agreement will be concluded subject to certain conditions precedent including compliance with all regulatory requirements; and 1.2 negotiations with a preferred Mining Contractor have reached an advanced stage; Resultant on the above, the Company issued a cautionary, the last of which was announced on 19 March 2013. 2. Sesikhona Shareholders are advised that: 2.1 A settlement agreement between Sesikhona and SSMS was concluded on 15 March 2013 for an amount of R6.5million, in full and final settlement of all disputes between the parties. R5million of this amount is to be settled in new Miranda shares at a price of [insert] and R1,5million in cash, which amount is to be paid on 5 September 2013; and. A memorandum of understanding has been entered into between Shanduka Coal Pty Limited (“Shanduka”) and Sesikhona in terms whereof Shanduka will buy 1.2million tonnes of raw material from the Sesikhona mine, however, Osho SA Coal Resources Pty Limited, with whom a term sheet in respect of an off take agreement was signed in December 2011, is alleging that they have purchased all of the Sesikhona anthracite and consequently applied for an interim interdict to stop Miranda from delivering anthracite from the Sesikhona mine to another off taker. Miranda is opposing this application. The matter was heard in the Pietermaritzburg High Court on 4 March 2013. Judgement was reserved and will be delivered in due course. An announcement will be made to update shareholders once judgement is received. The management of Miranda are therefore unable to finalise its negotiations with Shanduka until such time as the dispute has been resolved. Withdrawal of cautionary Shareholders are advised that as a result of the conclusion of the Stefanutti settlement and the fact that negotiations with Shanduka cannot be finalised until such time as judgement is delivered caution is no longer required to be exercised by shareholders when dealing in their securities. 26 March 2013 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 27/03/2013 10:54:59 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.