MANTENGU LIMITED - Updated Trading Statement

Updated Trading Statement

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

UPDATED TRADING STATEMENT

Shareholders are referred to the Trading Statement published on SENS on 25 November 2025 and
are advised of the following changes thereto, which arose following an adjustment for non-
controlling interests.

•   the basic loss and diluted basic loss per share is expected to be 27 cents compared to the
    earnings and diluted basic earnings per share of 2 cents for the six months ended 31 August
    2024, a decline of more than 100%.
•   the headline loss and diluted headline loss per share are expected to be 27 cents compared
    to the headline earnings and diluted headline earnings per share of 2 cents for the six months
    ended 31 August 2024, similarly a decline of more than 100%.

The financial information on which this trading update is based has not been reviewed nor reported
on by the Company's auditors.

Mantengu's reviewed results for the six months ended 31 August 2025 will be published on or about
28 November 2025.

BY ORDER OF THE BOARD
27 November 2025

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 27-11-2025 05:45:00
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