Update to Shareholders and Renewal of Cautionary Announcement CONDUIT CAPITAL LIMITED Incorporated in the Republic of South Africa (Registration number 1998/017351/06) Share code: CND ISIN: ZAE000073128 (“Conduit Capital” or “the Group”) UPDATE TO SHAREHOLDERS AND RENEWAL OF CAUTIONARY ANNOUNCEMENT Further to the cautionary announcement released on SENS on 21 June 2022 and subsequent renewal dated 1 August 2022, and to the announcements released on SENS on 1 August 2022 and 26 August 2022 (and using the terms defined therein unless otherwise stated herein) wherein shareholders were advised: o that following an application by the Prudential Authority (“PA”) to the High Court of South Africa, Gauteng Local Division (“High Court”), Constantia Insurance Company Limited (“CICL”) had been placed under provisional curatorship and that in response thereto, the Financial Services Conduct Authority (“FSCA”) had placed a restriction on CICL from writing new business until the Curator was satisfied that doing so would not negatively impact the regulatory capital of CICL; and o that the PA and FSCA had been unwilling to entertain the Board’s appeal on the new business restriction, the Board hereby advises shareholders that the PA has today lodged an application to the High Court to place CICL into liquidation, with the court date set down for either the 6 or 13 September 2022, depending on whether or not the application is opposed. Conduit Capital is currently reviewing the application, before considering any legal response. Given that CICL is Conduit Capital’s main subsidiary, representing approximately 94.4% of the revenue of the consolidated Group for the six months ended 31 December 2021, and the uncertainty of the impact that the liquidation of CICL, if granted, would have on Conduit Capital, shareholders are advised to continue to exercise caution when dealing in Conduit Capital securities until a further announcement is made. Johannesburg 30 August 2022 Sponsor Merchantec Capital Date: 30-08-2022 05:39:00 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.