Notification in terms of section 45(5) of the Companies Act 71 of 2008 REX TRUEFORM GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 1937/009839/06) JSE share code: RTO ISIN: ZAE000250387 JSE share code: RTN ISIN: ZAE000250395 JSE share code: RTOP ISIN: ZAE000250403 ("Rex Trueform" or "the Company") NOTIFICATION IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT 71 OF 2008 Notice is hereby given that, in terms of the provisions of section 45(5) of the Companies Act 71 of 2008 ("the Companies Act"), and pursuant to the special resolution passed at the annual general meeting of Rex Trueform held on 22 January 2021 authorising the board of directors of the Company ("the board") to provide direct or indirect financial assistance to, inter alia, subsidiaries of the Company, the Company has provided financial assistance to subsidiaries on the following basis: As announced on SENS on 6 October 2016, Queenspark Proprietary Limited (Registration Number: 2001/022975/07) ("Queenspark") entered into a written loan agreement with, Queenspark (Proprietary) Limited (Registration Number: 2015/1333) ("Queenspark Namibia"), a wholly-owned subsidiary of the Company and a related person to the Company in the manner contemplated in the Companies Act, pursuant to which the Company agreed to make a loan facility in the amount of R 7 000 000.00 available to Queenspark Namibia ("the Loan Agreement"). As at 28 June 2021, Queenspark constituted a substantial creditor of Queenspark Namibia in the amount of R 4 934 292.72 in terms of the Loan Agreement ("Loan Balance Outstanding") and R 2 563 884.77 for Trade Accounts Payable ("Trade Balance Outstanding"). Queenspark has now agreed to provide financial assistance to Queenspark Namibia by way of forgiving both the Loan Balance Outstanding as well as the Trade Balance Outstanding (collectively, "Balance Outstanding") pursuant to which Queenspark will with effect from 30 June 2021 waive any claim it may have against Queenspark Namibia with respect to the Balance Outstanding. In accordance with section 45 of the Companies Act, the board of the Company was satisfied that immediately after providing such financial assistance, Queenspark has met the provisions of the solvency and liquidity test as provided for in section 4 of the Companies Act. Accordingly, the board of the Company adopted a resolution on 30 June 2021 in terms of section 45(2) of the Companies Act, authorising Queenspark to provide financial assistance as contemplated in section 45 of the Companies Act to Queenspark Namibia. 30 June 2021 Sponsor Java Capital Date: 30-06-2021 05:00:00 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.