MANTENGU MINING LIMITED - Quarterly Update 29 July 2022

Quarterly Update – 29 July 2022

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”)


QUARTERLY UPDATE – 29 JULY 2022


Shareholders are referred to the:

-    SENS announcement, dated 29 July 2016, relating to the voluntary suspension of the Company’s
     shares on the JSE Limited (“JSE”) (“the Suspension”); and

-    Quarterly update dated 29 April 2022 (“Previous Quarterly Update”).

In line with paragraph 1(10)(c) of the JSE Listings Requirements, the Company is obliged to provide
the market with an update on the state of the affairs of the Company until the Suspension is lifted.

Accordingly, shareholders are referred to the following announcements released on SENS (and using
the terms defined therein unless otherwise stated) subsequent to the Previous Quarterly Update
regarding:

-    Annual Financial Results for the Year Ended 28 February 2022

    As set out in the announcement dated 6 July 2022, Shareholders were advised that the audited
    annual financial results for the financial year ended 28 February 2022, together with the notice of
    Annual General Meeting, had been distributed to shareholders and that the annual general meeting
    of shareholders of Mantengu will be held at 14:00 on Wednesday, 17 August 2022, to be conducted
    entirely by electronic facility.

-    Acquisition of Langpan Mining Co

    As set out in the announcement dated 26 July 2022, Shareholders were referred to the
    announcements released on SENS on 22 April 2022, 30 May 2022 and 30 June 2022, and to the
    Circular regarding, inter alia, the proposed acquisition by Mantengu of Langpan Mining Co and the
    proposed amendments to the Company’s MOI as distributed to Shareholders on 30 May 2022
    (“Circular”) and advised that as all Conditions Precedent had been fulfilled, the Proposed
    Acquisition is unconditional. Consequently, the parties to the Share Purchase Agreement agreed
    in writing that the Effective Date of the Proposed Acquisition is amended to 27 July 2022.

    Shareholders were reminded that, as set out in the Circular, the lifting of the suspension of
    Mantengu’s Shares is dependent upon the implementation of the Proposed Acquisition and full
    compliance with the Listings Requirements at such time.

Shareholders are hereby advised that once the Company receives JSE approval of its request for
unsuspension, which request has been submitted to the JSE, the date of listing of and trading in shares
on the JSE will be announced on SENS.


Johannesburg
29 July 2022

Designated Adviser
Merchantec Capital

Date: 29-07-2022 02:13:00
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