Update on suspension Sable Exploration and Mining Limited (previously known as Middle East Diamond Resources Limited) (Incorporated in the Republic of South Africa) (Registration number: 2001/006539/06) (Share Code: SXM ISIN Code: ZAE000303319) (“SEAM” or “the company”) Update on suspension 1. Introduction SEAM’s shares were suspended from trading on the JSE on 6 December 2016. Shareholders are referred to the SENS announcement dated 17 August 2021 regarding an update on the SEAM’s suspension. The Company is now up to date with its financial reporting requirements. 2. Recent acquisitions Shareholders are referred to the SENS announcement 9 November 2021 regarding the acquisition of certain prospecting rights from Swing Curve 345 (Pty) Ltd and AEE Thabametsi (Pty) Ltd. Shareholders are also referred to the SENS announcement 24 November 2021 in which SEAM entered into an agreement with Magni Investment Holdings (Pty) Ltd and Lurco Metals (Pty) Ltd regarding the proposed acquisition of various mining assets for R1.2 billion. 3. Lifting of suspension SEAM is in the process of applying to the JSE to lift its suspension. Once the suspension is lifted, SEAM can proceed with its announced partially underwritten rights offer. 13 January 2022 Sandton Sponsors Exchange Sponsors Date: 13-01-2022 10:38:00 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.