MANTENGU LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

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”)

RESULTS OF ANNUAL GENERAL MEETING (“AGM”)

Shareholders are advised that, at the AGM of Mantengu held today, Thursday, 27 August 2026, all the
resolutions as set out in the Notice of AGM were passed by the requisite majority of shareholders, except
Ordinary Resolution Number 2 (appointment of HLB CMA South Africa Inc. (“HLB”) as the Company’s
external auditors and Jean-Andre du Toit as the individual designated audit partner) which was withdrawn
given HLB’s resignation as of Wednesday, 26 August 2026.

Shareholders present at the AGM were also informed that the audit opinion had been retracted on
26 August 2026 as announced on SENS on 27 August 2026.

The number of shares voted in person or by proxy was 170 627 361 representing 52.50% of the total issued
share capital of the same class of Mantengu 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:

                                                Number of       Number of         Number of
                                                 votes in           votes      abstentions:    Total number
                                                  favour:        against:       % of issued   of votes cast:
                                               % of total      % of total             share     % of issued
 Resolution proposed                           votes cast      votes cast           capital   share capital
 Ordinary resolution number 1.1:
 Re-election of Jonas Tshikundamalema as       170 356 861      270 500               -         170 627 361
 an independent non-executive Director           99.84%          0.16%             0.00%          52.50%
 of the Company
 
 Ordinary resolution number 2:
 Appointment of HLB CMA South Africa
 Inc. as the Company’s external auditors                            WITHDRAWN
 and Jean-André du Toit as the individual
 designated audit partner

 Ordinary resolution number 3:
 Appointments to the Combined Audit
 and Risk Committee
 3.1 Re-appointment of Vincent Madlela       170 356 861      270 500             -         170 627 361
     as a member and Chairman of the           99.84%          0.16%           0.00%          52.50%
     Combined Audit and Risk Committee

3.2 Subject to the passing of Ordinary       170 356 861      270 500             -         170 627 361
    Resolution    number     1.1    re-        99.84%          0.16%           0.00%          52.50%
    appointment         of       Jonas
    Tshikundamalema as a member of
    the Combined Audit and Risk
    Committee

3.3 Re-appointment of Warren Geyer as       170 223 514      403 847             -        170 627 361
    a member of the Combined Audit            99.76%          0.24%           0.00%         52.50%
    and Risk Committee

Ordinary resolution number 4:
Appointment of members of the Social
and Ethics Committee

4.1 Subject to the passing of Ordinary      170 356 861     270 500             -        170 627 361
    Resolution    number     1.1    re-       99.84%          0.16%          0.00%         52.50%
    appointment         of       Jonas
    Tshikundamalema as a member and
    Chairman of the Social and Ethics
    Committee

4.2 Re-appointment of Vincent Madlela       170 356 861    270 500             -        170 627 361
    as a member of the Social and Ethics      99.84%         0.16%          0.00%         52.50%
    Committee

4.3 Re-appointment of Warren Geyer as       170 223 514    403 847             -        170 627 361
    a member of the Social and Ethics         99.76%        0.24%           0.00%         52.50%
    Committee

Ordinary resolution number 5:
Confirmation of appointment of Langton      170 356 861    270 500             -        170 627 361
Mpofu as a member of the Board                99.84%        0.16%           0.00%         52.50%

Ordinary resolution number 6:
General authority to issue ordinary         132 563 149   38 044 008       20 204       170 607 157
shares, and to sell treasury shares, for      77.70%        22.30%          0.01%         52.49%
cash

Ordinary resolution number 7:
Approval      of     the      Company’s
Remuneration           Policy      and
Implementation Report

7.1 Approval   of    the        Company’s   170 356 861    270 500            -        170 627 361
    Remuneration Policy                       99.84%        0.16%          0.00%         52.50%

7.2 Approval   of    the        Company’s   170 356 861    270 500            -        170 627 361
    Implementation Report                     99.84%        0.16%          0.00%         52.50%

Ordinary resolution number 8:
Authorisation of Directors                  170 356 861    270 500            -        170 627 361
                                              99.84%        0.16%          0.00%        52.50%
Ordinary resolution number 9:
Amendments to the performance               132 563 149    270 500       37 793 712    132 833 649
share plan of the Company                      99.80%       0.20%         11.63%        40.87%

Special resolution number 1:
General approval to acquire shares          132 563 149    270 500       37 793 712    132 833 649
                                              99.80%        0.20%         11.63%        40.87%
Special resolution number 2:
Approval of non-executive Directors’        170 336 657   270 500         20 204       170 607 157
fees                                          99.84%        0.16%          0.01%        52.49%

Special resolution number 3:
Financial assistance for the subscription    132 583 353   270 500        37 773 508   132 853 853
of securities                                  99.80%       0.20%           11.62%       40.88%

Special resolution number 4:
Financial assistance to related and inter-   170 356 861  270 500             -        170 627 361
related companies                              99.84%       0.16%          0.00%         52.50%


By Order of the Board
27 August 2025

DESIGNATED ADVISOR
AcaciaCap Advisors Proprietary Limited
Date: 27/08/2026 14:38:00
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