Results of annual general meeting and changes to the board MINE RESTORATION INVESTMENTS LIMITED (formerly Capricorn Investment Holdings Limited) (Registration Number 1987/004821/06) (“MRI” or “the Company”) Share code: MRI ISIN: ZAE000164562 RESULTS OF ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD OF DIRECTORS RESULTS OF ANNUAL GENERAL MEETING The Company is pleased to advise shareholders that all the resolutions contained in the notice of annual general meeting as provided to shareholders on 26 September 2014 were passed by a comprehensive majority of shareholders present or represented by proxy. Altogether 542 282 333 shares, eligible to vote and representing 65.05% of MRI’s issued share capital, were represented at the meeting. The results of the voting are as follows: For (%)* Against (%)* Ordinary resolution number 1 - Adoption of 100% the Annual Financial Statements Ordinary resolution number 2 – 100% Reappointment and remuneration of an auditor Ordinary resolution number 3 – Approval of 100% Remuneration Policy Ordinary resolution number 4 – General 100% authority to allot and issue shares for cash Ordinary resolution number 5 – Election 100% and re-election of director – Q George Ordinary resolution number 6 – Election 100% and re-election of director – C Roed Ordinary resolution number 7 – Election of 100% audit committee member – C Roed Ordinary resolution number 8 – Election of 100% - audit committee member – J Lewis^ Ordinary resolution number 9 – Election of 100% audit committee member – S Caddy Special resolution number 1 – General 100% authority to acquire (repurchase) shares Special resolution number 2 – General 100% authority to enter into funding agreements, provide loans or other financial assistance Special resolution number 3 – Non- 100% executive directors’ remuneration *as a percentage in relation to the total shares represented at the meeting, being 65.05% of MRI’s issued share capital ^ resolution withdrawn at the meeting as Mr J Lewis resigned from the board effective 29 October 2014 No MRI shares abstained from voting on the above resolutions. CHANGES TO THE BOARD In compliance with paragraph 3.59(a) of the Listings Requirements of the JSE Limited, the following changes to the board of directors have taken place: 1. Mr Anthon Meyer will be changing his role from executive, financial director of MRI to non-executive director with effect from 1 December 2014. The board thanks Anthon for his great contribution to the Company during his tenure and look forward to still accessing his knowledge and wisdom on the board as a non-executive director. 2. The board is pleased to announce that Mr Carl-Heinz Gernandt has been appointed as financial director of the Company with effect from 1 December 2014. Carl obtained his BCom (Internal Auditing) degree in 2002 from the University of Pretoria, and is a member of the Association of Certified Chartered Accountants. His prior experience includes directorship, financial managerial and internal auditing positions held in various listed and other auditing related companies, his most recent position being that of Group Financial Manager at Jubilee Platinum Plc where he was appointed as such in June 2011. The board welcomes Carl and looks forward to his insight and contribution. 3. Mr Justin Lewis has resigned as non-executive director of MRI with effect from 29 October 2014. The board thanks Justin for his valuable contribution to the Company and wishes him well in his future endeavours. Johannesburg 30 October 2014 Designated Adviser: Afrasia Corporate Finance (Pty) Ltd Date: 30/10/2014 11:10:00 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.