Disclosure of changes in the holding of Montauk shares MONTAUK HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2010/17811/06) (Share code: MNK) (ISIN: ZAE000197455) (“Montauk” or “the Company”) DISCLOSURE OF CHANGES IN THE HOLDING OF MONTAUK SHARES In accordance with section 122(3)(b) of the Companies Act, No 71 of 2008, as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements, Montauk shareholders are advised that it received formal notification on 13 January 2021 that Peresec Prime Brokers (Pty) Ltd had increased its beneficial interest held in the securities of Montauk to 15.24% through the acquisition of ordinary shares in the Company. Cape Town 13 January 2021 Sponsor: Investec Bank Limited Date: 13-01-2021 03:20:00 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.