MANTENGU MINING LIMITED - Acceptance of Immediate Awards by Directors and a Director of a Major Subsidiary in Terms of the PSP

Acceptance of Immediate Awards by Directors and a Director of a Major Subsidiary in Terms of the PSP

MANTENGU MINING LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1987/004821/06)
Share code: MTU  ISIN: ZAE000320347
("Mantengu" or "the Company")


ACCEPTANCE OF IMMEDIATE AWARDS BY DIRECTORS AND A DIRECTOR OF A MAJOR
SUBSIDIARY IN TERMS OF THE PERFORMANCE SHARE PLAN


In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of the JSE Limited,
Mantengu hereby announces that the Company's combined nomination and remuneration committee has,
in terms of the Company's Performance Share Plan, granted Awards to the following directors and a director
of a major subsidiary, being the rights, following the fulfilment of the relevant conditions, to receive ordinary
shares in the Company for no consideration ("Conditional Shares"), which shares will vest on the date on
which the Awards are made ("Immediate Awards"). Additional details are disclosed below.


Award Date:                                  23 June 2025
Date of acceptance of Awards:                23 June 2025
Nature of transaction:                       Off market acceptance of Immediate Awards in terms of the
                                             Performance Share Plan
Vesting Date of Awards:                      23 June 2025
Price per Award:                             R0.00
Clearance to deal obtained:                  Yes


Director:                                    Mike Miller
Number of Awards accepted:                   3 740 000
Total deemed value of Awards                 R1 832 600.00
accepted:                                    Based on the share price at closing on the day prior to the date
                                             of acceptance being R0.49
Extent of director's interest:               Direct beneficial


Director:                                    Magen Naidoo
Number of Awards accepted:                   3 575 000
Total deemed value of Awards                 R1 751 750.00
accepted:                                    Based on the share price at closing on the day prior to the date
                                             of acceptance being R0.49
Extent of director's interest:               Direct beneficial


Director of a major subsidiary:              Hartwich Marx
Company:                                     Sublime Technologies Proprietary Limited
Number of Awards accepted:                   619 898
Total deemed value of Awards                 R303 750.02
accepted:                                    Based on the share price at closing on the day prior to the date
                                             of acceptance being R0.49
Extent of director of major subsidiary       Direct beneficial
interest:


Johannesburg
26 June 2025

Designated Adviser
Merchantec Capital

Date: 26-06-2025 09:00:00
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