Results of the Mantengu Rights Offer MANTENGU MINING LIMITED (Formerly Mine Restoration Investments Limited) Incorporated in the Republic of South Africa (Registration number: 1987/004821/06) Share code: MTU ISIN: ZAE000302360 ("Mantengu" or “the Company”) RESULTS OF MANTENGU RIGHTS OFFER 1. INTRODUCTION Shareholders are referred to the circular dated Monday, 21 November 2022 and to the announcements released on SENS on 15 November 2022, 17 November 2022 and 25 November 2022 wherein shareholders were advised of Mantengu’s intention to raise R15 million by way of a fully underwritten renounceable rights offer (“Rights Offer”), through an offer 15 000 000 302 new Mantengu shares (“Rights Offer Shares”) at a subscription price of 0.1 cent per Rights Offer Share in the ratio of 10.84106 Rights Offer Shares for every 100 Mantengu shares held on the record date for participating in such Rights Offer. 2. RESULTS OF THE RIGHTS OFFER The results of the Rights Offer, which closed on Friday, 9 December 2022, are set out below: Number of Rights % of Rights Offer Shares Offer Shares Rights Offer Shares available for subscription 15 000 000 302 100% Rights Offer Shares subscribed for by shareholders 3 346 457 874 22.31% Rights Offer Shares allocated to the Underwriters 11 653 542 428 77.69% The Underwriters to the Rights Offer will, in terms of the underwriting agreements entered into between them and Mantengu, take up the Rights Offer Shares as detailed below: Number of Rights Underwriter Offer Shares Kianalily Proprietary Limited 1 400 000 000 The Gamsy Family Trust 7 076 883 583 Growth Equities Proprietary Limited 1 743 580 013 The POCOT Trust 512 817 651 Douglas Welsh 307 690 591 GNT Mining Proprietary Limited 304 880 000 KAG Trust 102 563 530 JS Geyer 102 563 530 Parkview Trust 102 563 530 Share certificates will be posted to certificated shareholders (or their renouncees) who followed their rights on or about Monday, 12 December 2022. Dematerialised shareholders (or their renouncees) who followed their rights will have their CSDP or broker accounts debited and updated with the Rights Offer shares on Monday, 12 December 2022. Following the conclusion of the Rights Offer, the total issued share capital of the Company will be 153 362 856 902 ordinary shares of no par value. Johannesburg 12 December 2022 Designated Adviser Merchantec Capital Date: 12-12-2022 05:10:00 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.