Trading statement Sable Exploration and Mining Limited (Incorporated in the Republic of South Africa) (Registration number: 2001/006539/06) (Share Code: SXM ISIN Code: ZAE000303319) (“SEAM” or “the company”) TRADING STATEMENT In terms of paragraph 3.4 (b) of the JSE Limited (“JSE”) Listings Requirements, companies are required to publish a trading statement as soon as a reasonable degree of certainty exists that the financial results for the period to be reported on will differ by at least 20% from the previous corresponding period. A review by management of the interim financial results for the six months ended 31 August 2023 has indicated, with a reasonable degree of certainty, that loss per share (“LPS”) and headline loss per share (“HLPS”) of SEAM is expected to be between 65 cents and 75 cents compared to that of the previous corresponding period which reported LPS and HLPS of 55.58 cents per share for the period ended 31 August 2022. This equates to a decrease in LPS and HLPS of between 17% and 35% when compared to the previous reporting period. The financial information on which this trading statement is based has not been reviewed or reported on by SEAM’s auditors. The Company’s interim financial results for the six months ended 31 August 2023 are expected to be released this week. 27 September 2023 Sandton Sponsor Exchange Sponsors Date: 27-09-2023 02:31:00 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.