IRC Limited — Regulatory Filings 2016

Aug 5, 2016

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.

==> picture [154 x 79] intentionally omitted <==

(Incorporated in the Hong Kong with limited liability)

(Stock code: 1029)

K&S: First Wagons of Iron Ore Loaded & Awaiting Shipment Test Run of Railway Scales, Reclaimer Unit & Loading Unit

Friday, 5 August 2016: IRC Limited (“IRC” or the “Company”, together with its subsidiaries, the “Group”; Stock Code 1029) is pleased to announce that CNEEC (K&S main contractor) has tested the railway scales, reclaimer unit and loading unit. The first wagon has been loaded with iron ore concentrates in preparation for the first trial shipment scheduled shortly.

On 1 August 2016, standard wagons arrived at the loading facility and the Russian metrology service (state agency) came to K&S and performed the scale calibration tests for the rail wagons. After suitable adjustments, the tests have been concluded with success and certificates were obtained. The calibration tests, which determine the rail scale weighing performance, ensure wagon capacity is optimised and complies with the local regulations.

In addition, the Company is also pleased to announce the testing of the loading circuit and reclaimer unit. The loading unit, which is connected to the wet concentrates storage, fed iron ore concentrates via the conveyors into the wagons. A few wagons have been fully loaded to prepare for the collision tests and first trial shipment scheduled shortly. Some minor technical issues have been identified and will be fixed by CNEEC accordingly.

Commenting on the news above, Yury Makarov, Chief Executive Officer of IRC said “In the past 2 months, we have been busy commissioning and testing each part of K&S. This week, we tested the railway scales and loading unit, paving way for future commercial production and sales. As we load up the wagons with our product, we are also preparing K&S for the first trial shipment to customers in China. Further updates will be made in due course.”

• For more K&S hot commissioning processes, please see our latest video at:

https://youtu.be/TjqJaUnq3QQ

– 1 –

==> picture [139 x 154] intentionally omitted <==

First wagon loaded with iron ore concentrates

==> picture [230 x 154] intentionally omitted <==

Testing of reclaimer in wet concentrate storage

By Order of the Board IRC Limited Yury Makarov Chief Executive Officer

Hong Kong, People’s Republic of China Friday, 5 August 2016

As at the date of this announcement, the Executive Directors of the Company are Mr Yury Makarov and Mr Danila Kotlyarov. The Non-Executive Directors are Mr George Jay Hambro, Mr Cai Sui Xin (Benjamin Ng as his alternate) and Mr Raymond Kar Tung Woo. The Independent Non-Executive Directors are Mr Daniel Bradshaw, Mr Simon Murray, CBE, Chevalier de la Légion d’Honneur, Mr Chuang-Fei Li and Mr Jonathan Martin Smith.

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:

Shirly Chan

Manager – Communications & Investor Relations Telephone: +852 2772 0007 Mobile: +852 9688 8293 Email: sc@ircgroup.com.hk

– 2 –