MINE RESTORATION INVESTMENTS LIMITED - Quarterly update

Quarterly update

 MINE RESTORATION 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 22 March 2018;
-      last quarterly update which was dated 26 January 2018; 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.

As previously advised, the Board is pursuing a transaction in the chrome industry, which transaction
will involve the parties engaged in the recapitalisation of the Company (“Chrome Transaction”). The
negotiations in respect of the Chrome Transaction are at an advanced stage and the Company
anticipates the finalisation and signature of agreements underpinning the Chrome Transaction during
the next month.

The Board will continue to inform shareholders of the progress of the Chrome Transaction.


Rosebank
26 April 2018


Designated Advisor
Questco Corporate Advisory (Pty) Ltd

Date: 26/04/2018 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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