MANTENGU MINING LIMITED - Acceptance of Immediate Awards by Directors in terms of the Performance Share Plan

Acceptance of Immediate Awards by Directors in terms of the Performance Share Plan

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


ACCEPTANCE OF IMMEDIATE AWARDS BY DIRECTORS IN TERMS OF THE PERFORMANCE
SHARE PLAN


In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of the JSE
Limited, Mantengu hereby announces that the Company's combined nomination and remuneration
committee has, in terms of the Company's Performance Share Plan, granted Awards to the following
directors, being the rights, following the fulfilment of the relevant conditions, to receive ordinary shares in
the Company for no consideration ("Conditional Shares"), which shares will vest on the date on which
the Awards are made ("Immediate Awards"). Additional details are disclosed below.

Director:                                    Mike Miller
Award Date:                                  29 August 2024
Date of acceptance of Awards:                29 November 2024
Number of Awards accepted:                   1 260 000
Nature of transaction:                       Off market acceptance of Immediate Awards in terms of the
                                             Performance Share Plan
Vesting Date of Awards:                      29 November 2024
Price per Award:                             R0.00
Total deemed value of Awards accepted:       R970 200.00
                                             Based on the share price at closing on the day prior to the date
                                             of acceptance
Extent of director's interest:               Direct beneficial
Clearance to deal obtained:                  Yes

Director:                                    Magen Naidoo
Award Date:                                  29 August 2024
Date of acceptance of Awards:                29 November 2024
Number of Awards accepted:                   1 225 000
Nature of transaction:                       Off market acceptance of Immediate Awards in terms of the
                                             Performance Share Plan
Vesting Date of Awards:                      29 November 2024
Price per Award:                             R0.00
Total deemed value of Awards accepted:       R943 250.00
                                             Based on the share price at closing on the day prior to the date
                                             of acceptance
Extent of director's interest:               Direct beneficial
Clearance to deal obtained:                  Yes


Johannesburg
29 November 2024

Designated Adviser
Merchantec Capital

Date: 29-11-2024 04:50:00
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