BAUBA RESOURCES LIMITED - Claw-Back Offer

Claw-Back Offer

Bauba Resources Limited
Incorporated in the Republic of South Africa
(Registration number 1986/004649/06)
Share code: BAU   ISIN: ZAE000145686
("Bauba" or “the Company”)


CLAW-BACK OFFER


Shareholders are hereby advised that Bauba intends to raise an amount of R33 883 881.02 by way of a
renounceable claw-back offer pursuant to which Bauba shareholders will be offered the right to subscribe for
their pro rata portion of 109 302 842 Bauba shares (“Claw-Back Offer Shares”), at a subscription price of
R0.31 per Claw-Back Offer Share (“Claw-Back Offer”).

Pelagic Resources Pte Limited and/or Raubex Proprietary Limited (“Underwriters”), which currently hold
17.7% and 23.1% of the issued share capital of Bauba respectively, will underwrite the Claw-Back Offer at no
underwriting fee. In terms of the agreement to be entered into between the Company and the Underwriters,
the proceeds from the Claw-Back Offer will be lent to Bauba by the Underwriters upfront.

The full Claw-Back Offer declaration announcement will be released on SENS, and a circular detailing the
Claw-Back Offer will be distributed to shareholders, in due course


Johannesburg
29 September 2021

Sponsor
Merchantec Capital

Date: 29-09-2021 12:53:00
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