Results of Annual General Meeting Bauba Resources Limited Incorporated in the Republic of South Africa (Registration number 1986/004649/06) Share code: BAU ISIN: ZAE000145686 (“Bauba”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that, at the annual general meeting of Bauba (“AGM”) held today, all the resolutions as set out in the notice of AGM were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 436 017 678 representing 88.49% of the total issued share capital of the same class of Bauba shares. The resolutions proposed at the meeting, together with the percentage of votes carried for and against each resolution, as well as the percentage of shares abstained, are set out below: % of votes % of votes carried for the against the % of shares Resolution resolution resolution abstained Ordinary resolution number 1: Election and re-election of directors 1.1 Re-election of Mr Damian Smith, as an independent non- executive director 99.99 0.01 31.78 1.2 Re-election of Mr Nico van der Hoven, as a non- executive director 99.99 0.01 31.78 1.3 Election of Mr Thomas Baring as a non-executive director 99.99 0.01 29.31 Ordinary resolution number 2: Election of independent non-executive directors to the audit and risk committee 2.1 Appointment of Mr Martin Luyt as a member and Chairperson of the audit and risk committee 99.99 0.01 25.57 2.2 Appointment of Ms Thabile Makgala as a member of the audit and risk committee 99.99 0.01 25.57 2.3 Appointment of Mr Damian Smith as a member of the audit and risk committee 99.99 0.01 25.57 Ordinary resolution number 3: Re-appointment of the external auditor 99.99 0.01 0.02 Ordinary resolution number 4: Signature of documents 99.99 0.01 0.02 Ordinary resolution number 5: General approval to issue ordinary shares, including to sell treasury shares, for cash 99.99 0.01 0.02 Ordinary resolution number 6: Advisory endorsement of the remuneration policy and the implementation report 6.1 Approval of the remuneration policy 99.98 0.02 31.78 6.2 Approval of the implementation report 99.98 0.02 31.78 Special resolution number 1: Non-executive directors’ remuneration 99.98 0.02 31.78 Special resolution number 2: General authority to repurchase securities 99.99 0.01 0.02 Special resolution number 3: Financial assistance for subscription of securities 99.99 0.01 0.02 Special resolution number 4: Financial assistance to directors and/or related or interrelated entities 99.99 0.01 0.02 Johannesburg 3 March 2021 Sponsor Merchantec Capital Date: 03-03-2021 05:15:00 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.