Mwana Africa Plc Statement re High Court Petition

 
TIDMMWA 
 
9 December 2014 
 
                               Mwana Africa PLC 
 
                          ("Mwana" or the "Company") 
 
                              High Court Petition 
 
Mwana today announces that the Board received notice on the evening of 8 
December 2014 from China International Mining Group Corporation ("CIMGC"), a 
substantial shareholder in Mwana, and Mr Yat Hoi Ning, a Non-Executive Director 
and associate of CIMGC, (together the "Petitioners") that the Petitioners' 
lawyers had filed a petition at the High Court of Justice, Companies Court in 
London, on the same day against the Company and two of its Non-Executive 
Directors, Mr Stuart Morris and Mr Johan Botha. The petition refers to the 
recent passing of Resolution 3 at the Company's Annual General Meeting held on 
10 September 2014, which related to the re-appointment of Mr Stuart Morris as a 
director of the Company, and alleges that the resolution was not validly 
passed. 
 
As previously announced on 10 September, the votes of CIMGC and associates were 
not counted in the poll in respect of Resolution 3 and were deemed inadmissible 
because the votes, as cast, infringed the Relationship Agreement entered into 
with the Company on 2 April 2012. The Company remains firmly of the view that 
Resolution 3 was validly passed, and has taken legal advice which supports this 
position. 
 
The Company is disappointed to have received the petition and that an amicable 
solution to CIMGC and Mr Ning's concerns could not have been reached through 
more customary channels. The Company remains committed to attempting to work 
with the Petitioners to achieve a mutually acceptable resolution to their 
complaints but will defend its position vigorously in court proceedings if 
required. 
 
An initial directions hearing has been scheduled at the Companies Court for 11: 
30am on 7 January 2015. Further announcements with regard to this matter will 
be made in due course, as appropriate. 
 
For further information please visit www.mwanaafrica.com or contact: 
 
Mwana Africa PLC                        Tel: [phone] 
Kalaa Mpinga, CEO                       Tel: [phone] 
Caroline Mathonsi, Investor Relations 
 
Nominated Adviser and Broker            Tel: [phone] 
Peel Hunt LLP 
Matthew Armitt / Ross Allister 
 
Public Relations                        Tel: [phone] 
Russell and Associates 
Jim Jones/Leigh King 
 
 
 
END