Result of EGM

9 June 2011

Mwana Africa PLC

("Mwana" or the "Company") (AIM: MWA)

Result of Extraordinary General Meeting

Mwana Africa PLC is pleased to announce that at today's Extraordinary General Meeting all the resolutions put to the Company's shareholders, as proposed in the Notice of General Meeting dated 24 May 2011, were duly passed, including that related to the £9.27 million (US$15 million) gross placing of 185,425,548 New Ordinary Shares announced on 24 May 2011.

Admission will become effective and the share placing will become unconditional at 8.00 a.m. on 14 June 2011. Upon Admission the Company's total issued share capital will be 717,900,708 Ordinary Shares (excluding 2,666,600 ordinary shares held in treasury).

For more information, please visit www.mwanaafrica.comor contact:

Enquiries:

Mwana Africa PLC Tel: +44 (0)20 7654 5580

Oliver Baring - Executive Chairman

Nominated Adviser and Broker

Ambrian Partners Limited Tel: +44 (0) 20 7634 4700

Anthony Rowland / Jen Boorer

Public Relations

Merlin Tel: +44 (0)20 7726 8400

David Simonson

Anca Spiridon