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 UPDATE With respect to the mechanical project termination as noted in the Reviewed Condensed Consolidated Results for the 12 months ended 28 February 2023 released on 25 May 2023, shareholders are advised that an amount of R90,85 million has been received and a capital repayment of R50,6 million was made towards the funding loan. Johannesburg 30 May 2023 Sponsor: Bridge Capital Advisors Proprietary Limited