ELLIES HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2007/007084/06) JSE share code: ELI ISIN: ZAE000103081 (“Ellies” or the “Company” or the “Group”) FURTHER EXTENSION TO POSTING OF CIRCULAR Shareholders are referred to the announcement released on 1 February 2023 with regard to the proposed acquisition of Magetz Electrical cc and Power On Wheels cc (together, “Bundu Power”) (the “Proposed Transaction”) and the circular that would be distributed to shareholders containing details of the Proposed Transaction (the “Circular”), as well as the announcement of 31 March 2023 detailing the extension granted to Ellies with regard to the deadline for the distribution of the Circular. As the Circular is still in the process of being prepared and finalised, the JSE has granted a further extension to Ellies and as such, the Circular is expected to be distributed to shareholders by 31 July 2023. 31 May 2023 Sponsor Java Capital