MANTENGU LIMITED — Capital/Financing Update 2026

Mar 5, 2026

Mantengu®

Next Generation Mining

MANTENGU LIMITED

(formerly Mantengu Mining Limited)
Incorporated in the Republic of South Africa
(Registration number 1987/004821/06)
Share code: MTU ISIN: ZAE000320347
("Mantengu" or "the Company")

REFINANCING OF SHORT-TERM DEBT OF R130 MILLION

In compliance with paragraph 6.19 of the JSE Listings Requirements, the Board of Directors of the Company wishes to announce that it has successfully refinanced approximately R130 million in short-term debt that was due and payable at the end of February 2026.

Mantengu's wholly owned subsidiaries, Langpan Mining Co (Pty) Ltd. ("Langpan") and Sublime Technologies (Pty) Ltd ("Sublime") entered into working capital facility agreements in the prior year as detailed in its latest Annual Report. The terms of these facilities were 12 months from drawdown. The lender is not a related party to Mantengu.

Langpan and Sublime entered into negotiations with a view to restructuring these facilities, and the board of Mantengu (the "Board") is pleased to announce that as of 28 February 2026, by agreement between the parties and the existing lender, the facility has been restructured as follows:

• Langpan's working capital facility has been converted into a long-term loan over a period of 4 years with capital and interest payable on a monthly basis with the loan amortising to nil at the end of 4 years; and
• Sublime's working capital facility has been converted into a long-term loan over a period of 3 years with capital and interest payable on a monthly basis with the loan amortising to nil at the end of 3 years.

This refinancing by the lenders affirms the solid businesses of both Langpan and Sublime and will allow the group to use its excess cash to bolster mining operations in its chrome business segment. The group plans to add to its yellow machinery fleet to increase mining production and ultimately deliver an increased output of chrome in FY2027.

The Board urges shareholders and the investing public not to make investment decisions based on social media videos and/or information put out on social media platforms. Investment decisions should be based on information put out by the Company on SENS or on its Website.

By Order of the Board
5 March 2026

Designated Advisor
AcaciaCap Advisors Proprietary Limited