MTNZF Extension of the BIC2 Scheduled Redemption Date and the BFC2 Scheduled Redemption Date MTN Zakhele Futhi (RF) Limited (Incorporated in the Republic of South Africa) (Date of incorporation: 21 June 2016) (Registration number: 2016/268837/06) JSE share code: MTNZF ISIN: ZAE000279402 LEI: 378900429C4F73B1BE74 (“MTNZF” or the “Company”) MTNZF Extension of the BIC2 Scheduled Redemption Date and the BFC2 Scheduled Redemption Date In accordance with 19.83(iv) of the JSE Limited Listings Requirements, MTNZF shareholders are informed of the following (using the terms as defined in the memorandum of incorporation of MTNZF (“MTNZF MOI”) and the memorandum of incorporation of BFC2 (“BFC2 MOI”)): The Preference Share Agent has agreed in Writing to extend the BIC2 Scheduled Redemption Date and the BFC2 Scheduled Redemption Date by a period of 12 months i.e. to a date which is 6 years calculated from the Issue Date (“Extension”). This Extension was catered for in the MTNZF MOI and the BFC2 MOI as follows: 1.1 in terms of clause 1.3.90 of Annexe A (Rights, Terms and Privileges Attaching to the MTN Zakhele Futhi Preference Shares) of the MTNZF MOI, the BIC2 Scheduled Redemption Date is defined as: "the date which is 5 (five) years calculated from the Issue Date (or such later date as agreed to in Writing by the Preference Share Agent)"; and 1.2 in terms of clause 33.1.52 of the BFC2 MOI, the BFC2 Scheduled Redemption Date is defined as: "the date which is 5 (five) years calculated from the Issue Date (or such later date as agreed to in Writing by the Preference Share Agent)". The Extension ensures that the Preference Shares are only redeemable on 24 November 2022 and will not be classified as a short-term liability as at 31 December 2020. Johannesburg 15 December 2020 JSE Sponsor: Tamela Holdings Proprietary Limited 1 Date: 15-12-2020 08:30:00 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.