MANTENGU MINING LIMITED - Trading Statement

Trading Statement

MANTENGU MINING LIMITED
(Formerly Mine Restoration Investments Limited)
Incorporated in the Republic of South Africa
(Registration number: 1987/004821/06)
Share code: MTU   ISIN: ZAE000302360
("Mantengu" or “the Company”)


TRADING STATEMENT


In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited, companies are required to
publish a trading statement as soon as they become reasonably certain that the financial results for the
period to be reported on will differ by more than 20% from that of the previous corresponding period.

Mantengu previously communicated Group results to the market and not Company results. Mantengu
sold the last remaining subsidiaries at 28 February 2021 and therefore the “Group” as such ceased to
exist on 1 March 2021, leaving only the Company. The financial results to be released will therefore
only contain the Company results.

Accordingly, a review by management of the financial results for the year ended 28 February 2022 has
indicated that:

-   the basic loss per share is expected to be between 89.30 and 92.70 cents per share compared to
    the basic earnings per share of 45 cents for the year ended 28 February 2021; and

-   headline loss per share will be between 89.30 and 92.70 cents per share compared to the headline
    loss per share of 17 cents for the year ended 28 February 2021.

The financial information on which this trading statement is based has not been reviewed or reported
on by the Company’s auditors. Mantengu's reviewed provisional financial results are expected to be
released on SENS on or about 1 June 2022.


Johannesburg
1 June 2022

Designated Advisor
Merchantec Capital

Date: 01-06-2022 08:43:00
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