MANTENGU MINING LIMITED - Finalisation Announcement in respect of the Mantengu Rights Offer

Finalisation Announcement in respect of the Mantengu Rights Offer

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”)


FINALISATION ANNOUNCEMENT IN RESPECT OF THE MANTENGU RIGHTS OFFER


1. INTRODUCTION

   Shareholders are referred to the announcement released on SENS on 15 November 2022
   (“Declaration Announcement”) wherein shareholders were advised that Mantengu intends to raise
   R15 million by way of a fully underwritten renounceable rights offer (“Rights Offer”), in terms of which
   the Company will offer 15 000 000 000 new Mantengu shares (“Rights Offer Shares”) to qualifying
   shareholders at a subscription price of 0.1 cent per Rights Offer Share in the ratio of 10.84106 Rights
   Offer Shares for every 100 Mantengu shares held at the close of business on the Initial Record Date
   for the Rights Offer, being Friday, 25 November 2022.

2. RIGHTS OFFER CIRCULAR

   Shareholders are advised that Mantengu has received formal approval of the Rights Offer circular
   (“Circular”) from the JSE Limited and accordingly, the Rights Offer can now be implemented in
   accordance with the salient dates and times as set out in the Declaration Announcement and the
   Circular.

   The Circular containing full particulars of the Rights Offer, and the accompanying Form of Instruction
   for use by certificated shareholders only, will be distributed to certificated shareholders on Thursday,
   24 November 2022.

   The Circular containing full particulars of the Rights Offer will be distributed to dematerialised
   shareholders who have elected to receive documents on Monday, 28 November 2022.

   The Circular, and Form of Instruction, will also be available for download from the Company’s website
   at www.mantengu.com from Monday, 21 November 2022.


Johannesburg
17 November 2022

Designated Adviser
Merchantec Capital

Date: 17-11-2022 09:59:00
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