MMG : PROFIT WARNING

About this update from Mmg Ltd.

This announcement is made by MMG Limited (Company, together with its subsidiaries, the Group) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (Listing Rules) and the Inside Information Provisions (as defined under the Listing Rules). The board of directors of the Company (Board) wishes to inform the shareholders and potential investors of the Company that the Company is expected to record a net loss after tax attributable to equity holders for the half year ended 30 June 2020 (H12020) of approximately US$158 million , as compared to the net loss after tax attributable to equity holders of US$81 million recorded for the half year ended 30 June 2019 (H12019). The expected H12020 result represents a deterioration in underlying operating conditions from H12019 with lower commodity prices and lower sales volumes due to the impacts of the COVID-19 pandemic and community disruption at Las Bambas. The Company is still in the process of finalising its financial results of the Group for H12020 . The information contained in this announcement is based on a preliminary assessment made by the Board and information currently available and may be subject to adjustment and change. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company. Contact: Tel: +61 3 9288 0888 Fax: +61 3 9288 0800 (C) 2020 Electronic News Publishing, source ENP Newswire

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