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Shareholders are advised that in a letter dated 19 August 2011, the Minister of Youth Development, Indigenisation and Empowerment informed Freda Rebecca Gold Mine that he had rejected the Indigenisation Plan submitted to him earlier in the year and directed that a revised plan which, in his view, complies with the legislation be re-submitted within a period of 14 days.

Discussions between management and the relevant authorities in this regard are on-going and shareholders will be advised of any developments.

Shareholders should note that several other companies from the mining, financial and industrial sectors in Zimbabwe, have received letters similar to the one received by Freda Rebecca.

Mwana Africa PLC

Donald McAlister / Lorenz Werndle
Tel: +44 (0)20 7654 5580

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Ambrian Partners Limited
Anthony Rowland / Jen Boorer
Tel: +44 (0) 20 7634 4700

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XCAP Securities plc
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Tel: +44 (0)20 7101 7070

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Tel: +44 (0)20 7726 8400

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