WESIZWE PLATINUM LIMITED - Update on the Section 189A consultation process at Bakubung Platinum Mine

Update on the Section 189A consultation process at Bakubung Platinum Mine

WESIZWE PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2003/020161/06)
Share code: WEZ
ISIN: ZAE000075859
(“Wesizwe” or the “Company”)

UPDATE ON THE SECTION 189A CONSULTATION PROCESS AT BAKUBUNG
PLATINUM MINE

Shareholders are referred to the various announcements released on the Johannesburg
Stock Exchange News Service, the last of which was published on 31 July 2026, relating to
the temporary suspension of operations at Bakubung Platinum Mine ( BPM" or "the Mine)
and are advised that the consultation and facilitation process in terms of Section 189A of the
Labour Relations Act, 66 of 1995 ("LRA"), conducted under the auspices of the Commission
for Conciliation, Mediation and Arbitration, officially concluded on 31 August 2026.

Throughout the process, management engaged extensively with recognised labour
representatives and affected non-unionised employees. The consultations focused on
exploring potential alternatives to retrenchment and considering mitigation measures aligned
with both the statutory requirements of the LRA and the operational requirements of the Mine.
The consultation process resulted in a restructuring settlement agreement being concluded
with the Association of Mineworkers and Construction Union and representatives of affected
employees outside the bargaining unit. Despite extensive engagement, no agreement was
reached with the National Union of Mineworkers which did not sign the restructuring
settlement agreement.

Management is currently finalising the post-consultation administrative processes, which
include reintegrating retained employees and determining the final outcomes regarding the
termination of affected employees. Once internal validation and implementation steps are
completed, the Company will formally communicate the verified final impact and key
operational restart milestones through the appropriate regulatory, shareholder, and
employee channels.

The Company acknowledges the period of uncertainty experienced by employees, their
families, and the surrounding local communities during this process. The board and
management remain committed to maintaining respectful stakeholder engagement, ensuring
safe and responsible operations, and driving the long-term sustainability of the BPM.

Johannesburg

3 September 2026

Sponsor
PSG Capital
Date: 03/09/2026 01:09:00
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