Notice in terms of Section 189 of the LRA MERAFE RESOURCES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/003452/06) Share Code: MRF ISIN: ZAE000060000 (“Merafe” or the “Company”) NOTICE IN TERMS OF SECTION 189 OF THE LRA Glencore Operations South Africa Proprietary Limited (Alloys Division) and Merafe (the “Parties”) have commenced a consultation process in terms of sections 189 and 189A of the Labour Relations Act No. 66 of 1995 (“LRA”), (“Process”) and consultation with employee representatives and recognised trade unions regarding the Process is underway. The Process is as a result of the worsening operating environment across the South African ferrochrome industry, including unsustainable electricity pricing. Despite significant investments in an attempt to make the operations more competitive, the Parties have continued to come under substantial operational and financial pressures. The operations impacted by the Process are, Lydenburg Smelter, Wonderkop Smelter, Boshoek Smelter and Lion Smelter. The Process will also impact the Eastern and Western Chrome Mines. The current consultantion process in terms of sections 189 and 189A of the LRA at the Rustenburg Smelter, as published on SENS on 20 January 2020, will continue. The Parties view their engagement with the employee representatives and recognised trade unions of its operations as an ongoing process and all alternatives will be considered. Further updates will be issued as appropriate. Sandton 19 June 2020 Sponsor One Capital Date: 19-06-2020 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.