MINE RESTORATION INVESTMENTS LIMITED - Further Trading Statement

Further Trading Statement

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”)


FURTHER TRADING STATEMENT


In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the period to be
reported on will differ by more than 20% from that of the previous corresponding period.
Further to the trading statement released on SENS on 11 August 2021, a review by management of the
financial results for the year ended 28 February 2021 has indicated that:

    -   the earnings per share is expected to be between 42 cents and 48 cents, reflecting an
        improvement of between 170% to 180%, compared to the loss per share of 60 cents for the
        year ended 29 February 2020. The improvement is largely due to the impact of a one-time
        event in the form of a sale of dormant subsidiaries; and

    -   the outlook on headline loss per share has not changed and is expected to be between
        20 cents and 14 cents, reflecting an improvement of between 67% and 77%, compared to the
        headline loss per share of 60 cents for the year ended 29 February 2020.

The financial information on which this trading statement is based has not been reviewed or reported
on by the Company’s auditors. MRI's financial results are expected to be released on SENS on or about
8 September 2021.


Johannesburg
6 September 2021

Designated Adviser
Merchantec Capital

Date: 06-09-2021 04:30:00
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.