CHROMETCO LIMITED - Update on business rescue proceedings of Black Chrome Mine Proprietary Limited and renewal of cautionary

Update on business rescue proceedings of Black Chrome Mine Proprietary Limited and renewal of cautionary

CHROMETCO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/026265/06)
Share code: CMO
ISIN: ZAE007020249
("Chrometco" or "the Company")

UPDATE ON BUSINESS RESCUE PROCEEDINGS OF BLACK CHROME MINE
PROPRIETARY LIMITED AND RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcement released on SENS on
13 July 2022, in which shareholders were advised that there were circumstances relating to
a material subsidiary of the Company which were being assessed, which could have a
material effect on the price of the Company’s securities, and accordingly that shareholders
should exercise caution when dealing in the Company’s securities.

Shareholders are further referred to the SENS announcement released on 14 July 2022
wherein shareholders were advised that the board of a material subsidiary of the Company,
Black Chrome Mine Proprietary Limited (“Black Chrome Mine”), had voluntarily resolved to
place Black Chrome Mine under business rescue.

Shareholders are advised that following a meeting of creditors between the business rescue
practitioner of Black Chrome Mine and its creditors, it has been agreed that the publication
of the business rescue plan has been extended to 31 August 2022.

Shareholders are accordingly advised to continue to exercise caution when dealing in the
Company’s securities until a further announcement has been made.

Johannesburg
26 July 2022

Designated Advisor
PSG Capital

Date: 26-07-2022 04:00:00
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