Updated Trading Statement CHROMETCO LIMITED (Incorporated in the Republic of South Africa) (Registration number 2002/026265/06) Share code: CMO ISIN: ZAE007020249 ("Chrometco" or "the Company") UPDATED TRADING STATEMENT In terms of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as it becomes reasonably certain that the financial results for the next period to be reported on will differ by 20% or more from the financial results for the previous corresponding period. Shareholders are referred to the announcement released on SENS on 27 November 2020 and that the Company hereby advises that a reasonable degree of certainty exists that for the six-month period ended 31 August 2020 loss per share and headline loss per share will be -2.98 cents per share and -2.95 per share respectively, compared to the loss per share and headline loss per share of -0.35 cents per share for the six-month period ended 31 August 2019, being an increase in the loss per share and headline loss per share of 751% and 743% respectively. The financial information on which this trading statement is based has not been reviewed and reported on by Chrometco’s external auditors. Johannesburg 9 December 2020 Designated Advisor PSG Capital Date: 09-12-2020 11:54:00 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.