IRC Limited — Capital/Financing Update 2013

Mar 7, 2013

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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(Incorporated in Hong Kong with limited liability) (Stock Code: 1029)

PETROPAVLOVSK APPROVES SHARE SUBSCRIPTION BY GENERAL NICE AND MINMETALS

Thursday 7th March 2013: IRC Limited (‘‘IRC’’ or the ‘‘Company’’, together with its subsidiaries, the ‘‘Group’’; Stock Code 1029) is pleased to advise that at the General Meeting of Petropavlovsk plc, its parent company, held today, the proposed subscription by General Nice and Minmetals Cheerglory announced on 17th January 2013 was overwhelmingly approved.

The announcement can be viewed at the Petropavlovsk website:

www.petropavlovsk.net/en/reports-announcements/lse-announcements.html

Following this approval, the IRC EGM called for Monday 11th March 2013 will proceed. Details have already been posted and shareholders are encouraged to lodge their proxy forms before 10:00 a.m. on Saturday 9th March 2013. Copies of the circular and proxy voting forms can be viewed and printed at the IRC website:

www.ircgroup.com.hk/html/ir_instructions.php

By Order of the Board G. JAY HAMBRO Executive Chairman

Hong Kong, People’s Republic of China Thursday 7th March 2013

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As at the date of this announcement, the Executive Directors of the Company are Mr G. Jay Hambro, Mr Yury Makarov, and Mr Raymond Kar Tung Woo. The Non-Executive Director is Mr Simon Murray, CBE, Chevalier de la Légion d’Honneur. The Independent Non-Executive Directors are Mr Daniel Bradshaw, Mr Chuang-Fei Li and Mr Jonathan Martin Smith.

The Directors jointly and severally accept full responsibility for the accuracy of the information in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statements in this announcement misleading.

IRC Limited 6H, 9 Queen’s Road Central Hong Kong Tel: +852 2772 0007 Fax: +852 2772 0329 Email: ir@ircgroup.com.hk Website: www.ircgroup.com.hk

For further information please visit www.ircgroup.com.hk or contact:

Nicholas Bias Roger Ming Ren Head of Communications, IRC Ltd Investor Relations Co-ordinator, IRC Ltd Telephone: +852 2772 0007 Telephone: +852 2772 0007 Mobile: +852 9088 1029 Mobile: +852 9162 3310 Email: nb@ircgroup.com.hk Email: rr@ircgroup.com.hk

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