Change to the Board - Director Appointment

Change to the Board - Director Appointment

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")


CHANGE TO THE BOARD - DIRECTOR APPOINTMENT


In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of
directors of MRI ("the Board") hereby notifies its shareholders that Mr Vincent Madlela has been
appointed to the Board as the Lead Independent Non-Executive Director of MRI with effect from 23 July
2021.

Mr Madlela is a Mining and Mineral Law Legal practitioner with 20 years' experience advising multi-
national listed mining companies. Mr Madlela has focused the last 15 years on the full diamond value
chain, including mining, recovery, marketing and beneficiation. Mr Madlela has a proven track record
of securing mineral tenure for clients and ensuring compliance with all local legislation and regulations.
Mr Madlela has extensive experience and understanding of the implementation of mineral legislation.

Mr Madlela was the Group Manager, Legal and Stakeholder Relations for Trans Hex Group Limited
from August 2005 to January 2018. Throughout this time, Mr Madlela was responsible for overseeing
the functions of mineral right application and management, environmental compliance, legal
compliance, marketing and trade of commodities, mine health and safety and corporate governance.
Prior to Mr Madlela's time at Trans Hex Group Limited, he was the Legal Counsel for Anglo Gold
Ashanti.

Given Mr Madlela's appointment to the Board, the Board committees will comprise the following:

Combined Audit and Risk:                                   A Collins (Chair), V Madlela, M Miller

Social and Ethics:                                         V Madlela (Chair), M Miller, A Collins

Combined Remuneration and Nomination:                      M Miller (Chair), A Collins, V Madlela

Mr Madlela's appointment and the aforementioned committee changes are in line with the Board's
review process as communicated in the recent Annual Report. The Board is continuing this process
and intends on further strengthening MRI's governance structures to support its growing needs.

The Board welcomes Mr Madlela and looks forward to his contribution to the Company.

Johannesburg
23 July 2021

Designated Adviser
Merchantec Capital

Date: 23-07-2021 05:23:00
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