Meikles Regulatory News (MIK)

MEIKLES LIMITED NOTICE TO SHAREHOLDERS TEMPORARY ZIMBABWE STOCK EXCHANGE ("ZSE") SUSPENSION Meikles Limited ("the Company") would like to update shareholders on thetemporary suspension by the ZSE of trading in the shares of the Company witheffect from16 February 2015. This suspension is purportedly based on the materiality of the difference inthe Company's funds held on deposit with the Reserve Bank of Zimbabwe ("RBZ")as reported in the Company's financial statements for the year ended 31 March2014 and interim results to 30 September 2014 and the amount stated by the RBZ. The Company's financial statements for the year ended 31 March 2014 werepublished with the authority of the ZSE after it had reviewed and satisfieditself that all the requirements pertaining to the publishing of financialstatements had been strictly adhered to. These financial statements wereneither questioned nor rebutted by any institution at the time of theirpublication or anytime thereafter. Shareholders are asked to take particular note of the provisions of Section 1.5of the ZSE Listing Requirements which enjoins the ZSE to afford a company underthreat of suspension an opportunity to make representations in its own defensebefore a decision is taken. Contrary to the clear provisions of Section 1.5 of the ZSE Listing Requirements, the Company was neither given notice of the impending suspension nor affordedthe opportunity to respond to the allegations made by the ZSE prior to thesuspension of the trading of the Company's shares. The Company is taking legal advice on the issue. The Company will keep shareholders advised as matters unfold. COMPANY SECRETARY

17 February 2015