Voluntary Update: Delay in the Publication of the Company's Financial Results for the Year Ended 31 March 2023 SALUNGANO GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 2005/006913/06) Share code: SLG ISIN: ZAE000306890 (“Salungano Group” or “the Company”) VOLUNTARY UPDATE: DELAY IN THE PUBLICATION OF THE COMPANY'S FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2023 Shareholders are referred to the announcements released on SENS on 30 June 2023 and 28 July 2023 relating to delays in the publication of the Company’s financial results for the year ended 31 March 2023 (“Publication Announcements”), and on 5 September 2023 relating to the update on the voluntary business rescue of Wescoal Mining Proprietary Limited (“Wescoal Mining”), a wholly owned subsidiary, and the appointment of a Group Chief Restructuring Officer. As outlined in the Publication Announcements, due to an unforeseen delay in the completion of the audit process, specifically relating to the finalisation of the Company’s refinancing agreements (“refinancing process”), the publication of the Company’s audited financial results for the year ended 31 March 2023 (“FY2023”) would be delayed. Whilst the refinancing process has advanced significantly it has not yet been concluded and the audit process cannot therefore be finalised at this time. The appointment of a Chief Restructuring Officer is, inter alia, to expedite the final preparation and implementation of the refinancing of the Company’s borrowing facilities. This appointment is a condition of the Company’s funding institutions. The FY2023 financial results and FY2023 Integrated Annual Report will therefore be published as soon as the audit has been finalised. Shareholders will be updated on this timing via further SENS announcements. Johannesburg 11 September 2023 Sponsor Merchantec Capital Date: 11-09-2023 01:01:00 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.