MIRANDA MINERAL HOLDINGS LIMITED - Trading Statement

Trading Statement

Miranda Mineral Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/001940/06)
Share code: MMH      ISIN: ZAE000074019
("Miranda" or "the Group")

TRADING STATEMENT

Miranda is in the process of finalising its financial results for the six
months ended 28 February 2013 and wishes to advise shareholders that when
compared to the previously published reviewed interim results for February 2012,
Net Asset Value per share for the six month period ending 28 February 2013
increased from (1.42)cents per share ("cps") at 29 February 2012 to between
2.0 cps and 5.0 cps, and Net Tangible Asset Value increased from (13.31)cps at
29 February 2012 to between 0.1 and 0.9 cps.

As disclosed in the Group`s latest Annual Financial Statements for the year ended
31 August 2012, a restatement of the provision for rehabilitation occurred which
would have had the effect of increasing the net tangible asset value of the Group`s
previously published interim results by approximately R9,2 million, equivalent to
an increase from (13.31)cps to (10.07)cps.

We confirm that the financial information on which this trading statement is
based has not been reviewed and reported on by the Group`s auditors and the
results for the six month period ended 28 February 2013 are expected to
be released on or about 30 May 2013.

Centurion
20 May 2013
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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