Meikles Regulatory News (MIK)

MEIKLES LIMITED

('The Company')

NOTICE TO SHAREHOLDERS

The Company wishes to inform shareholders that the following Group Companies, Kingdom Meikles Limited, Tanganda Tea Company Limited and Thomas Meikle Centre (Private) Limited, together with the Group Company Secretary, were de-specified in the Zimbabwe Government Gazette dated 12 February 2010. All Group Companies and management have now been de-specified.

Meikles Limited's suspension on the Zimbabwe Stock Exchange was lifted on 22 February 2010.

Shareholders are further advised that the de-merger transaction approved at the Extraordinary General Meeting held on 22 June 2009 is progressing and shareholders will be updated on further progress in due course.

Shareholders are advised that Mr M A Masunda stood down as the Company's Chairman on 2 December 2009 and has resigned as a director of the Company with effect from 31 December 2009. The Board wishes to express its appreciation to Mr Masunda for the long and valuable contribution he has made to the Group since he joined in 1996, and, in particular, for his contribution during the years 2008 and 2009, when he became Chairman, as this was an exceptionally difficult period for the Group. Similarly, the Board expresses its appreciation to Mr D E Stephens for his contribution to the Group. Best wishes to both of them for the future.

Mr F Rwodzi has been appointed Chairman. He has also joined the Board, together with Messrs B J Beaumont, O Makamba and K Ncube.

Mr B J Beaumont has been appointed the Group Chief Executive Officer and Mr O Makamba has been appointed the Group Financial Director.

The Company's year end is 31 December 2009 and the Group's results are scheduled to be released by 31 March 2010 in accordance with the Zimbabwe Stock Exchange's requirements. Shareholders are advised that all operations have been subject to the current difficult trading environment, characterised by limited liquidity, high financing costs and the events leading up to the resolution of the shareholders' dispute. As a result, notwithstanding positive performances from some operations, the Company as presently constituted has returned a loss in the year to 31 December 2009. Notwithstanding this, plans are well developed for business consolidation and expansion and shareholders will be appraised of developments in due course.

Please be advised the Zimbabwe Registrar of Companies on 16 February 2010 changed the name of the company from Kingdom Meikles Limited to Meikles Limited.

Directors: B J Beaumont (Chief Executive Officer); F Rwodzi (Chairman); T B Cameron*; R Chidembo;

B Chimhini*; O Makamba*, R H Meiring*; A C Mills*;K Ncube.

* Executive