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 20 June 2018;
-      last quarterly update which was dated 26 April 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.

The Directors are pleased to advise that the audit on the Company’s annual financial statements for
the year ended 28 February 2018 has been completed and the board envisages that the annual
report for that year will be released early in August 2018.

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”) and
other third parties. The Company advises that its negotiations with certain parties to the Chrome
Transaction have terminated, however, negotiations with other parties, on similar terms, have
commenced and are at an advanced stage.

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


Rosebank
26 July 2018


Designated Advisor
Questco Corporate Advisory (Pty) Ltd

Date: 26/07/2018 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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