Meikles Regulatory News (MIK)

MEIKLES LIMITED NOTICE TO SHAREHOLDERS MEIKLES CONCLUDES MINING STRUCTURES Further to the expectation announced in our recent Chairman's Review,shareholder agreements pertaining to our mining objectives have now beenconcluded. A new company to be named Meikles Centar Mining (Private) Limited has beenformed. This company will be controlled by Meikles to ensure that the entity iscompliant with the Zimbabwe Indigenisation and Empowerment laws. Centar is a mining company founded by Ian Hannam and Jan Kulczyk and supportedby a number of prominent and highly experienced investors from countriesincluding Thailand, Indonesia, Poland, Kazakhstan, and elsewhere. It wasfounded initially to develop mining assets in Afghanistan in partnership with ahighly respected Afghan businessman. It is leading the way in the developmentof that country's mining industry as it emerges from years of conflict, usingforeign and Afghan capital, foreign technical experts and Afghan staff. ItsAfghan businesses employ over 500 local staff, supported on the ground at anyone time by 15 ex-pat technical experts - the majority of whom are Zimbabweannationals. These businesses include Afghanistan's only Drilling and ExplorationServices Company and Afghanistan's only Mineral Assay laboratory. It alsoincludes an exploration company that is now exploring a gold prospect in thenorth of the country as well as being short-listed in a government tender asthe preferred candidate to explore and develop 2 copper exploration licences,and a Joint Venture with a Turkish Mining Company that has itself beenshort-listed to develop 4 more gold exploration licences there. Centar has a carefully selected in-house technical team, with years ofexperience in exploration and mining of most minerals in many differentcountries in the world. This includes the requisite experience to developprojects at every stage of the mining life cycle, and in all environments. Itis also a proven leader in drawing upon or building local capacity and skillsas a core part of its method of operation. They are also supported by anexperienced finance and commercial team with a long and successful track recordof financing worldwide mining projects of every scale. They will work with theMeikles team to develop identified opportunities in gold, tantalite and ironore. Further opportunities will also be explored. It is expected that at leastone mine will be in operation in early 2014. At the forthcoming Meikles Limited Annual General Meeting shareholder approvalwill be sought to include mining resources in the business of the Company. COMPANY SECRETARY 24 June 2013 Directors: JRT Moxon (Chairman); R Chidembo; B Chimhini*; O Makamba*; K Ncube*;ML Wood*; * Executive