Change to the Board - Appointment of a Director

MANTENGU MINING LIMITED
(Formerly Mine Restoration Investments Limited)
Incorporated in the Republic of South Africa
(Registration number: 1987/004821/06)
Share code: MTU    ISIN: ZAE000302360
(“MTU” or “the Company”)


CHANGE TO THE BOARD – APPOINTMENT OF A DIRECTOR


In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of directors
of MTU (“the Board”) hereby notifies its shareholders that Mr. Jonas Tshikundamalema has been
appointed to the Board as an Independent Non-Executive director with effect from 25 April 2022.


Mr. Tshikundamalema is a registered Professional Engineering Technologist (Pr. Tech ENG),
Professional Construction Project Manager (Pr. CPM) and has held several senior board positions in the
South African Institute of Civil Engineers (SAICE), Engineering Council of South Africa (ECSA), Roads
Agency Limpopo (RAL) and the Mutale Chamber of Commerce (Chair). Over and above the professional
affiliations and roles and responsibilities, Mr. Tshikundamalema is an entrepreneur with various
investments in the property, agricultural and hospitality industries.


Mr. Tshikundamalema has an extensive knowledge and understanding of MTU’s target, Langpan Mining
Co (Pty) Ltd (“Langpan”), owing to his strategic role and function within the Langpan business. This
inherent strategic knowledge and understanding of the business will result in Mr. Tshikundamalema being
well placed to execute his Independent Non-Executive leadership and oversight roles and responsibilities
to the Company.


Given Mr. Tshikundamalema’s appointment to the Board, the Board committees will comprise the
following:


Combined Audit and Risk:                           V. Madlela (Chair), M Miller, J Tshikundamalema


Social and Ethics:                                 J Tshikundamalema (Chair), M Miller, V. Madlela


Combined Remuneration and Nomination:              M Miller (Chair), V Madlela, J Tshikundamalema


The Company is currently engaged in the JSE’s review process of the transaction circular outlined in the
announcement released on SENS on 22 April 2022. This appointment and the resultant committee
changes are in line with the Board’s commitment to strengthening the Company’s governance and
controls prior to the Company’s reinstatement of its listing. The Board is continuing this process and
intends on further strengthening the experience and diversity of MTU’s governance structures to support
its growing needs.


Johannesburg
26 April 2022


Designated Adviser
Merchantec Capital

Date: 26-04-2022 10:55:00
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