MINE RESTORATION INVESTMENTS LIMITED - Quarterly update

Quarterly update

 MINE RESTORATIONS INVESTMENTS LIMITED
 Incorporated in the Republic of South Africa
 (Registration No. 1987/004821/06)
 Share Code: MRI
 ISIN Code: ZAE000164562
 ("MRI" or “the Company”)

QUARTERLY UPDATE

Shareholders are referred to the:
-      previous cautionary announcements, the last of which was dated 10 January 2017;
-      the last quarterly update which was dated 28 October 2016; and
-      SENS announcement, dated 29 July 2016, relating to the voluntary suspension of the
       Company’s shares on the JSE Limited (“JSE”) (“the Suspension”).

In line with paragraph 1(10)(c) of the JSE Listing Requirements, the Company is obliged to give an
update to the market of the state of the affairs of the Company until the Suspension is lifted.

We are pleased to advise that a new investor, Growth Equities (Pty) Ltd, has acquired the loan
accounts of Stellar Capital Partners (a major shareholder of the Company), and has made an offer to
acquire its shares in the Company. It is anticipated that this share purchase will be completed before
the end of January 2017. Further, Growth Equities has part settled the outstanding obligations of the
Company’s auditors and other material creditors, and entered into arrangements for the settlement of
the balance. Growth Equity is working with the Company on a recapitalisation programme and revised
business plan which will be brought to the JSE and shareholders in due course.

The Board is unable to give a clear indication at this stage as to when the Suspension will be lifted.

Rosebank
27 January 2017

Designated Advisor
Questco (Pty) Ltd

Date: 27/01/2017 01:16:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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