Finalisation Announcement BRIKOR LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1998/013247/06) (Share Code: BIK ISIN Code: ZAE000101945) ("Brikor" or "the Company") Finalisation Announcement 1. INTRODUCTION Shareholders are referred to the Firm Intention Announcement released on SENS on 12 September 2023 ("Firm Intention Announcement") and the further announcements dated 16 October 2023 and 10 October 2023 in which it was advised that Nikkel Trading 392 (Pty) Limited ("Nikkel Trading") had acquired additional Brikor shares at a price of 17 cents per Brikor share so that Nikkel Trading now owns 68.01% of the entire issued share capital of Brikor. In the Firm Attention Announcement shareholders were advised that as Nikkel Trading acquired more than 35% of the entire issued share capital of the Company, Nikkel Trading is required to make a mandatory offer to all the remaining shareholders of the Company ("Mandatory Offer") pursuant to section 123 of the Companies Act, No.71 of 2008 ("Companies Act"), for a cash offer consideration of 17 cents per Brikor ordinary share. Shareholders are referred to the SENS announcement dated 1 December 2023 advising shareholders that the offer circular in relation to the Mandatory Offer has been distributed to shareholders and the announcement released on SENS on 4 December 2023 confirming the Mandatory Offer is unconditional. Shareholders are further advised that the TRP will issue the compliance certificate in terms of section 121(b)(i) of the Companies Act after close of the Mandatory Offer on Friday, 19 January 2024. 2. TIMETABLE The timetable relating to the Mandatory Offer is set out below: 2024 Last day to trade for Shareholder wishing to accept the Offer Tuesday, 16 January Shares trade "ex" the Offer Wednesday, 17 January Record Date for Shareholders to accept the offer Friday, 19 January Closing Date of Offer at 12:00 on Friday, 19 January TRP compliance certificate expected on Friday, 19 January Results of Offer to be announced on SENS Monday, 22 January Last Payment Date Monday, 22 January Notes: • Certificated Shareholders are required to complete and return the attached Form of Acceptance (pink) in accordance with the instructions contained therein to be received by the Transfer Secretaries by no later than 12:00 on the Closing Date. • No Dematerialisation or rematerialisation of Shares will take place between the trading ex- date, Wednesday, 17 January 2024 and the Record Date for the Offer, Friday, 19 January 2024 (both days inclusive). • Offerees should note that acceptance of the Offer will be irrevocable. • All times referred to in this Circular are references to South African Standard Time. • In accordance with regulation 102(12) of the Takeover Regulations, the Offer Consideration must be settled within six Business Days after the later of: (i) the Finalisation Date; and (ii) acceptance thereof by a holder. Accordingly, the latest Payment Date will be by no later than Monday, 22 January 2024. 3. DIRECTORS RESPONSIBILITY STATEMENT 3.1 Nikkel Trading, insofar as the information in this Announcement relates to Nikkel Trading: • accepts full responsibility for the accuracy of the information contained in this Announcement; • confirms that, to the best of its knowledge and belief, the information in this Announcement is true and correct; and • confirms that this Announcement does not omit anything likely to affect the importance of the information disclosed. 3.2 The Brikor Independent Board, insofar as the information in this Announcement relates to Brikor: • accepts full responsibility for the accuracy of the information contained in this Announcement; • confirms that, to the best of its knowledge and belief, the information contained in this Announcement is true and correct; and • confirms that this Announcement does not omit anything likely to affect the importance of the information disclosed. 10 January 2024 Nigel Designated Advisor Exchange Sponsors Date: 10-01-2024 11:00:00 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.