FURTHER UPDATE ANNOUNCEMENT REGARDING LIQUIDATION PROCEEDINGS NUTRITIONAL HOLDINGS LIMITED (Registration number: 2004/002282/06) (Incorporated in the Republic of South Africa) (Share Code: NUT ISIN Code: ZAE000298568) (“the Company” or “Nutritional Holdings”) FURTHER UPDATE ANNOUNCEMENT REGARDING LIQUIDATION PROCEEDINGS Shareholders are referred to the previous SENS announcement dated 10 August 2022 regarding the opposition to granting of the final liquidation of the Company as well as the defence of the application for the provisional liquidation of Nutritional Foods Proprietary Limited (“NF”). In order to provide more clarity, shareholders are referred to the table below: Details Nutritional Holdings Nutritional Foods Former director and Mr Anthony (Tony) Richard Mr Anthony (Tony) Richard shareholder who initiated Pinfold through Pop-Up Pinfold through Pop-Up the Liquidation application Trading 39 (Pty) Ltd (“Pop- Up”) High Court and Judge Kwa-Zulu Natal Local North-West High Court Division Mafikeng Honourable Mr Justice Judge Snyman Lopes Shareholder contesting the Mr Nico Oosthuizen Mr Nico Oosthuizen CA(SA) Liquidation application CA(SA) through Ontario through Ontario Private Equity Private Equity (Pty) Ltd on (Pty) Ltd on behalf of NF behalf of the Company Terms and Conditions of Kurt Knoop has been The court hearing was held on Liquidation order appointed as liquidator. 11 August 2022 and the matter An application is being was successfully postponed to made to set aside the final 16 February 2023 liquidation order as detailed on SENS on 10 August 2022. Finalisation of Liquidation The matter is being As above opposed and application made to set the order aside Expected distribution to If successful, no distribution Unknown at this point in time shareholders would be expected to unsecured creditors or shareholders. Assets held Shares in NF and Property, Plant and Equipment Ukusekela from which the food manufacturing operations are conducted as a going concern Loan and security Loan from Pop Up, Shareholder loan from secured by a notarial Nutritional Holdings bond, procedural outcome thereto is being investigated and challenged at present. Shareholders will be advised on any further progress regarding the above matters. By order of the Board Durban 18 August 2022 Date: 18-08-2022 05:14:00 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.