IRC Limited — Capital/Financing Update 2014

Nov 24, 2014

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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(a company incorporated in Hong Kong with limited liability) (Stock code: 1029)

IRC COMPLETES SALE OF AMUR RIVER BRIDGE PROJECT

Tuesday 25 November 2014: IRC Limited (‘‘IRC’’ or the ‘‘Company’’, together with its subsidiaries, the ‘‘Group’’; Stock Code 1029) is pleased to announce that it has completed the sale of it’s Amur River bridge subsidiary LLC Rubicon, as announced in October 2014, to Russian and Chinese development funds for cash of RUB174 million (approximately US$3.9 million).

The sale will ensure the quickest possible construction timetable for this new Sino-Russian trade link across the Amur/Heilongjiang River. IRC will benefit from a shorter and lower-cost route to market, whilst IRC’s customers in north-eastern China will benefit from access to more frequent deliveries and a shorter-route to their operations than available from the traditional sea ports, lowering their working capital costs.

Due to the quick completion of the transaction, the sales proceeds and gain on disposal of RUB174 million (approximately US$3.9 million) will be booked into the accounts for 2014. It is expected that construction of the bridge will commence in 2015 with completion in 2017. IRC will benefit from a guaranteed annual bridge transportation capacity of 3.2 million tonnes, equivalent to the production from the new K&S Mine which will start commissioning at the end of 2014 and ramp up to full production capacity during 2015.

By Order of the Board G. JAY HAMBRO Executive Chairman

Hong Kong, People’s Republic of China 25 November 2014

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 Directors are Mr Simon Murray, CBE, Chevalier de la Légion d’Honneur, Mr Cai Sui Xin and Mr Liu Qingchun. The Independent Non-Executive Directors are Mr Daniel Bradshaw, Mr Jonathan Martin Smith and Mr Chuang-Fei Li.

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For further information, please contact:

Nicholas Bias

Head of Communications Telephone: +852 2772 0007 Mobile: +852 9088 1029 Email: nb@ircgroup.com.hk

Shirly Chan (中文查詢) Investor Relations Co-Ordinator Telephone: +852 2772 0007 Mobile: +852 6623 3450 Email: sc@ircgroup.com.hk

Registered Office

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

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