Stefanutti Stocks Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1996/003767/06) Share code: SSK ISIN: ZAE000123766 (“Stefanutti Stocks” or “the group”) PROJECT ARBITRATION AWARD With respect to the mechanical project termination, as noted in the commentary relating to the Inland Region included in the Unaudited Condensed Consolidated Results for the 6 months ended 31 August 2022 released on 24 November 2022, the arbitration process has been completed and an award has been made. Stefanutti Stocks was awarded R90,7 million excluding legal fees. The legal fees, to be taxed in accordance with the High Court tariff, have also been awarded. As soon as this process has been completed, shareholders will be advised accordingly. Johannesburg 22 May 2023 Sponsor: Bridge Capital Advisors Proprietary Limited