Changes to the board of directors of the company ZAMBEZI PLATINUM (RF) LIMITED (Incorporated in the Republic of South Africa) (Registration number 2014/106927/06) JSE preference share code: ZPLP ISIN code: ZAE000202552 (“Zambezi Platinum” or the “company”) CHANGES TO THE BOARD OF DIRECTORS OF THE COMPANY (“BOARD”) In compliance with paragraph 6.39(a) of the JSE Debt Listings Requirements, Zambezi Platinum preference shareholders are advised that Mr Zwelithini Patrick Ntshalintshali, Mr Christian Mthetheleli Ntuta and Ms Kgomotso Happy Sekhokho have been appointed as independent non-executive directors of the board, with immediate effect, pursuant to the provisions of its memorandum of incorporation. Johannesburg 26 February 2021 Debt Sponsor One Capital Date: 26-02-2021 05:00:00 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.