IRC Limited — Regulatory Filings 2016

Mar 7, 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.

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

UNUSUAL PRICE AND TRADING VOLUME MOVEMENTS

Monday, 7 March 2016: This announcement is made at the request of The Stock Exchange of Hong Kong Limited.

The board of directors (“ Directors ”) (the “ Board ”) of IRC Limited (the “ Company ”) has noted the recent increases in the price and trading volume of the shares of the Company. Given the Company’s present financial situation and the fact that commercial production has not yet started at its K&S mine, the Company from time to time explores the feasibility of fundraising proposals with third parties. The Company is currently in very early stage discussions with third parties regarding possible fund-raising proposals. However, the Company has no immediate plans to enter into any such proposals. There is no assurance that any fund-raising proposal will be entered into. In addition, as reported in the Company’s trading update for the fourth quarter of 2015, the Company has been engaging in discussions with ICBC and China Export & Credit Insurance Corporation regarding waivers in respect of the Group’s project finance facility with ICBC. The Company is also in discussion with the main contractor of K&S for construction progress and damages for construction delays. These discussions are still ongoing, and further announcement will be made as and when appropriate.

Shareholders and investors should exercise caution when dealing in the shares of the Company.

Save as disclosed above, having made such enquiry with respect to the Company as is reasonable in the circumstances, the Board confirms that it is not aware of any reasons for these price and volume movements or of any information which must be announced to avoid a false market in the Company’s securities or of any inside information that needs to be disclosed under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). This announcement is made by the order of the Company. The Board collectively and individually accepts responsibility for the accuracy of this announcement.

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

Hong Kong, People’s Republic of China Monday, 7 March 2016

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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 Simon Murray, CBE, Chevalier de la Légion d’Honneur , Mr Cai Sui Xin, Mr Liu Qingchun and Mr Raymond Kar Tung Woo. The Independent Non-Executive Directors are Mr Daniel Bradshaw, 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

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