MANTENGU MINING LIMITED - Competition Commission of South Africa Approves Mantengu's Acquisition of Sublime Technologies Proprietary Limited

Competition Commission of South Africa Approves Mantengu's Acquisition of Sublime Technologies Proprietary Limited

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


COMPETITION COMMISSION OF SOUTH AFRICA APPROVES MANTENGU'S ACQUISITION OF
SUBLIME TECHNOLOGIES PROPRIETARY LIMITED


Shareholders are referred to the announcement released on SENS on 28 October 2024 regarding Mantengu's
acquisition of Sublime Technologies Proprietary Limited ("Sublime") from Sintex Minerals and Services
Incorporated ("Sintex") ("Acquisition").

The board of directors of Mantengu ("Board") is pleased to announce that on 26 November 2024, the
Competition Commission of South Africa approved the Acquisition. Accordingly, shareholders are advised that
the last remaining suspensive condition to the Acquisition is Sintex ensuring that Sublime's bank account is in
credit in an amount of at least the Rand equivalent of $1,000,000. This suspensive condition is expected to be
addressed imminently.

Shareholders are reminded that the Acquisition is in line with Mantengu's strategy of unlocking new value in the
mining services sector. Sublime is the only Silicon Carbide ("SIC") producer in Africa and currently accounts for
approximately 2% of the global market share. Sublime manufactures and distributes SIC. SIC is a hard chemical
compound containing silicon and carbon and is produced as a powder and crystal. SIC's primary applications
are in the abrasive, refractory, and metallurgical markets because of its high hardness, and excellent
thermomechanical characteristics, including high thermal conductivity.

Shareholders will be advised by way of a further announcement once the Acquisition becomes unconditional.


Johannesburg
2 December 2024

Designated Adviser
Merchantec Capital

Date: 02-12-2024 05:00:00
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