Further re Interim Management Statement

MEIKLES LIMITED UPDATE TO THE INTERIM MANAGEMENT REPORT - 15 AUGUST 2013 Meikles Limited issued an Interim Management Report on 15 August 2013 in whichreference was made to the Funds held on deposit with the Reserve Bank ofZimbabwe (RBZ). A further report on very recent developments relating to these funds isconsidered essential. The rate of interest to be accrued on these funds has now been agreed with theRBZ andthe date from which interest will accrue to the Company at the agreed rate hasalso been determined. The total adjusted sum now on deposit will be included in the Group interimfinancials for the period ending 30 September 2013. The agreement reached is sorecent that exact calculations of the sum are still to be finalised. However,the increase in the sum on deposit is anticipated to be significant. The Company has been informed by the RBZ that it is considering a methodologywhereby the Company will be able to access these funds. This will enable theGroup to restructure its local short term borrowings and provide sufficientcapital for the furtherance of future strategic objectives, including anappropriate dividend policy. It is expected that the roadmap to achieve theseobjectives, will be in place in the near term. The Company expresses its sincere appreciation for the proactive and veryhelpful manner in which this matter has been dealt with by the Governor and histeam at the RBZ.

19 August 2013