Minmetals Land Limited — M&A Activity 2012

Jan 5, 2012

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.

(Incorporated in Bermuda with limited liability)

(Stock Code: 136)

COMPLETION OF VERY SUBSTANTIAL ACQUISITION

Reference is made to the circular of the Company dated 19 December 2011 (the “ Circular ”) relating to, among other things, the Acquisition. Unless otherwise stated herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that the completion of the acquisition of the remaining 49.9% of Sun Mass Energy Limited took place on 4 January 2012 following the satisfaction of all sale conditions set out in the Sale and Purchase Agreement. Sun Mass Energy Limited, the Target, is now a wholly-owned subsidiary of the Company.

By order of the Board Mascotte Holdings Limited Lo Yuen Wa Peter Managing Director

Hong Kong, 5 January 2012

As at the date of this announcement, the Board comprises the following Directors:

Executive Directors Non-executive Director Mr. Peter Temple Whitelam (Chairman) Dr. Chuang, Henry Yueheng (Deputy-Chairman) Mr. Lo Yuen Wa Peter (Managing Director) Mr. Eddie Woo Independent Non-executive Directors Mr. Suen Yick Lun Philip Mr. Frank H. Miu Mr. Lau King Hang Dr. Agustin V. Que Dr. Wu Yi-Shuen Mr. Robert James Iaia II Dr. Chien, Yung Nelly