MINE RESTORATION INVESTMENTS LIMITED - Withdrawal of Section 61(3) Call for a Shareholders Meeting

Withdrawal of Section 61(3) Call for a Shareholders 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”)

WITHDRAWAL OF SECTION 61(3) CALL FOR A SHAREHOLDERS MEETING

Shareholders are referred to the announcement dated 18 September 2020 wherein it was stated that
the board of directors of MRI (the “Board”) received a demand in terms of section 61(3) of the
Companies Act, 2008 (Act 71 of 2008), as amended (the “Companies Act”) from Growth Equities
Proprietary Limited (“Growth Equities”) to call a general meeting of shareholders (the “Demand”).
Growth Equities is a shareholder with a 17.38% interest in the voting rights of the Company.

The Board is pleased to advise shareholders that the Company has reached a settlement with, inter
alia, Growth Equities, Luyanda Zweni, Richard Tait and Quinton George (the “Settlement”). As a result
of the Settlement, on 28 October 2020 Growth Equities unconditionally withdrew the Demand.

Among other things, it is a term of the Settlement that the Company put to the shareholders a draft
resolution in terms of section 75(7)(b)(i) of the Companies Act for the shareholders to consider
ratifying the terms of certain loan agreements previously entered into by the Company. This draft
resolution and pertinent background information will be contained in the circular(s) to shareholders
in connection with the Langpan transaction, alternatively in a separate circular.

Johannesburg
28 October 2020

Designated Adviser
Merchantec Capital

Date: 28-10-2020 05:08:00
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.