MERAFE RESOURCES LIMITED - Ferrochrome price announcement for the second quarter of 2021

Ferrochrome price announcement for the second quarter of 2021

Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE share code: MRF
ISIN: ZAE000060000
(“Company”)

Ferrochrome price announcement for the second quarter of 2021

Shareholders of the Company are advised that the European benchmark ferrochrome price for the
second quarter of 2021 has been settled at 156 US cents per pound, a 32.8% increase from the first
quarter of 2021.

Sandton
19 March 2021

Sponsor
One Capital

Date: 19-03-2021 04:28:00
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