Merafe Resources Limited (Incorporated in the Republic of South Africa) (Registration number: 1987/003452/06) JSE and A2X share code: MRF ISIN: ZAE000060000 (“Company”) Ferrochrome price announcement for the third quarter of 2023 Shareholders of the Company are advised that the European benchmark ferrochrome price for the third quarter of 2023 has been settled at 151 US cents per pound, a decrease of 12.2% from the second quarter of 2023. Sandton 27 June 2023 Sponsor One Capital