MMH
MMH                                                                            
MMH - Miranda Mineral Holdings Limited - Miranda Mineral Holdings to relaunch  
Claw Back and Rights Offers                                                    
Miranda Mineral Holdings Limited                                               
(Incorporated in the Republic of South Africa)                                 
(Registration number 1998/001940/06)                                           
Share code: MMH      ISIN: ZAE000074019                                        
("Miranda" or "the Company")                                                   

PRESS RELEASE: Miranda Mineral Holdings to Relaunch Claw Back and Rights Offers

The Miranda Claw Back and Rights Offers, intended to raise R83,6-million for the
company, is to be re-launched, the company announced today.                    
Miranda CEO, Glen Poff, said the cancellation and re-launching of the offers had
been caused by shareholders not passing a resolution at the Company`s AGM on 7 
April, to place the authorised but unissued shares of the company under the    
control of directors. As a consequence, the company had no legal alternative but
to cancel the offer in its present form and consult with the JSE to request that
trade in the Letters of Allocation that took place from 15 April be reversed.  
Shareholders representing 58% of the company`s issued share capital have       
reaffirmed their faith in Miranda by subsequently signing irrevocable          
undertakings in support of a new resolution to place the unissued shares under 
the control of directors. The new resolution will now be put to shareholders at
an extraordinary general meeting scheduled for 9 May. Passing the new resolution
requires a simple majority of votes at the meeting.                            
"We are pleased that the matter is being addressed and that the Claw Back and  
Rights Offer process will be going ahead in due course."                       
Poff says that Global PS Mining Investments Company, Miranda`s international   
shareholder, has indicated that it remains committed to the Claw Back and Rights
Offers.                                                                        
Shareholders will be informed of the timing of the re-launch once the necessary
regulatory approvals had been obtained and a new timetable determined.         
21 April 2011                                                                  
ENDS                                                                           

Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                             
Date: 21/04/2011 17:04:01 Produced by the JSE SENS Department.                 
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