Results of the annual general meeting Merafe Resources Limited (Incorporated in the Republic of South Africa) (Registration number: 1987/003452/06) JSE share code: MRF ISIN: ZAE000060000 (“Merafe” or the “Company” or the “Group”) RESULTS OF THE ANNUAL GENERAL MEETING Merafe is pleased to advise its shareholders (“Shareholders”) that all the ordinary and special resolutions proposed in the notice of the annual general meeting (“AGM”) dated 5 March 2021 and tabled at the Company’s AGM held on Tuesday, 18 May 2021 were passed by the requisite majority of votes cast by Shareholders. As published on SENS on 8 March 2021, Ms Belese Majova, an independent non-executive director, and Ms Mpho Mosweu, a non-executive director, have retired as members of the board of directors of Merafe (“Board”) at the Company’s AGM and have not offered themselves for re-election. The Board thanks Ms Majova and Ms Mosweu for their contributions and wishes them well in their future endeavours. The voting results with respect to the resolutions were as follows: Resolutions Number of Percentage Percentage Percentage Abstentions shares voted of shares of shares of shares voted voted voted “For” “Against” Ordinary resolution 1: 2 032 480 053 80.95% 100.00% 0.00% 0.07% Adoption of the Group audited annual financial statements for the year ended 31 December 2020 Ordinary resolution 2: 2 033 832 460 81.01% 93.24% 6.76% 0.02% Re-election of Ms Matsotso Vuso as a director of the Company Ordinary resolution 3: 2 032 616 671 80.96% 96.89% 3.11% 0.06% Appointment of Mr Katlego Tlale as a director of the Company Ordinary resolution 4.1: 2 033 832 460 81.01% 96.89% 3.11% 0.02% Appointment of Mr Katlego Tlale as a member of the Audit and Risk Committee Ordinary resolution 4.2: 2 033 832 460 81.01% 89.90% 10.10% 0.02% Re-appointment of Ms Matsotso Vuso as a member of the Audit and Risk Committee Ordinary resolution 5: 2 033 832 460 81.01% 99.79% 0.21% 0.02% Re-appointment of Deloitte and Touche Inc. as the external registered auditors of the Company and Ms Carmeni Naidoo Bester as the designated audit partner Ordinary resolution 6: 2 033 693 460 81.00% 99.94% 0.06% 0.02% Authority to sign all documents required to give effect to all the resolutions contained in the notice of AGM Ordinary resolution 7.1: 2 032 955 260 80.97% 96.53% 3.47% 0.05% Non-binding advisory vote on the Company’s remuneration policy Ordinary resolution 7.2: 2 032 981 260 80.97% 96.70% 3.30% 0.05% Non-binding advisory vote on the Company’s remuneration implementation report Special resolution 1.1: 2 033 431 260 80.99% 99.94% 0.06% 0.03% Approval of non-executive directors’ fees – Board chairperson Special resolution 1.2: 2 033 626 260 81.00% 99.94% 0.06% 0.02% Approval of non-executive directors’ fees – Board member Special resolution 1.3: 2 033 626 260 81.00% 96.85% 3.15% 0.02% Approval of non-executive directors’ fees – Audit and Risk Committee chairperson Special resolution 1.4: 2 033 626 260 81.00% 96.85% 3.15% 0.02% Approval of non-executive directors’ fees – Audit and Risk Committee member Special resolution 1.5: 2 033 626 260 81.00% 99.94% 0.06% 0.02% Approval of non-executive directors’ fees – Remuneration and Nomination Committee chairperson Special resolution 1.6: 2 033 626 260 81.00% 99.94% 0.06% 0.02% Approval of non-executive directors’ fees – Remuneration and Nomination Committee member Special resolution 1.7: 2 033 632 460 81.00% 99.89% 0.11% 0.02% Approval of non-executive directors’ fees – Social, Ethics and Transformation Committee chairperson Special resolution 1.8: 2 033 632 460 81.00% 99.89% 0.11% 0.02% Approval of non-executive directors’ fees – Social, Ethics and Transformation Committee member Special resolution 2: 2 033 762 460 81.00% 99.79% 0.21% 0.02% Loans or other financial assistance to related or inter-related companies Special resolution 3: 2 033 612 425 81.00% 99.70% 0.30% 0.03% General authority to repurchase Company shares Notes: - Percentages of shares voted are calculated in relation to the total issued share capital of Merafe. - Percentages of shares voted “For” and “Against” for each resolution are calculated in relation to the total number of shares voted in respect of such resolution. - Abstentions are calculated as a percentage in relation to the total issued share capital of Merafe. Sandton 18 May 2021 Sponsor One Capital Date: 18-05-2021 04:35:00 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.