Changes to the board and results of annual general meeting MINE RESTORATION INVESTMENTS LIMITED Incorporated in the Republic of South Africa (Registration Number: 1987/004821/06 Share code: MRI ISIN: ZAE000164562 (“MRI” or the “Company”) CHANGES TO THE BOARD AND RESULTS OF ANNUAL GENERAL MEETING Appointment of Financial Director In compliance with paragraph 3.59(a) and 3.59(b) of the Listings Requirements of the JSE Limited (“JSE”), the Company is pleased to inform shareholders that Mr. Norman Preston has been appointed as financial director to the Company with effect from 1 November 2015. Mr. Preston operates a corporate advisory and consultancy practice and brings more than 40 years of financial and management experience to the board of the Company. He holds an Advanced Executive Programme degree. Mr. Preston will be appointed on a part-time basis in terms of a 4 month contract expiring on 29 February 2016, subject to further renewal. The rationale behind Mr. Preston’s part-time appointment is due to the Company adopting a prudent and pragmatic approach to its current operational requirements. Until either the Company’s coal fines processing plant is operational (please refer to the SENS announcement dated 20 July 2015) or the reverse takeover of Iron Mineral Beneficiation Services Proprietary Limited (“IMBS”) has been completed (please see, inter alia, detailed cautionary SENS announcement dated 26 June 2015), the board and the audit committee are of the view that a full time financial director is not warranted. Shareholders are advised that in accordance with paragraph 3.84(g) of the JSE Listings Requirements, the JSE has granted the Company dispensation for Mr Preston’s part-time appointment. Results of Annual General Meeting The Company is pleased to advise shareholders that all the resolutions contained in the notice of annual general meeting (“AGM”) included in the Company’s annual report posted to MRI shareholders on 1 October 2015 (the “Resolutions”) were passed by the required majority of shareholders present or represented by proxy at the AGM of MRI held on Thursday, 5 November 2015 at 10h00 at the Company’s designated adviser, Level P3, Oxford Corner, 32A Jellicoe Avenue (corner of Oxford Road), Rosebank, Johannesburg. Altogether 292 766 138 shares, eligible to vote and representing 34% of MRI’s issued share capital, were represented at the meeting. Results of the Resolutions are detailed below: For Against Resolution number and description %* %* Ordinary resolution number 1: 100 0 Adoption of annual financial statements Ordinary resolution number 2: 100 0 Appointment and remuneration of auditor Ordinary resolution number 3: 100 0 Approval of Remuneration Policy Ordinary resolution number 4: 100 0 General authority to allot and issue shares for cash Ordinary resolution number 5: 100 0 Election and re-election of director (Mr Q George) Ordinary resolution number 6: 100 0 Election and re-election of director (Mr C Roed) Ordinary resolution number 7: 100 0 Election of independent non-executive director (Mr L Albinski) Ordinary resolution number 8: 100 0 Election of Audit Committee member (Mr C Roed) Ordinary resolution number 9: Election of Audit Committee member (Mr S Caddy) Special resolution number 1: 100 0 Amendment to Memorandum of Incorporation Special resolution number 2: 100 0 General authority to acquire (repurchase) shares Special resolution number 3: 100 0 General authority to enter into funding agreements, provide loans or other financial assistance Special resolution number 4: 100 0 Non-executive directors’ remuneration *as a percentage in relation to the total shares represented at the meeting, being 34% of MRI’s issued share capital. Johannesburg 5 November 2015 Designated Adviser: Stellar Advisers (Pty) Ltd Date: 05/11/2015 04:45:00 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.