Bauba Resources Limited                                  Raubex Group Limited
     Incorporated in the Republic of South Africa          (Incorporated in the Republic of South Africa)
       (Registration number: 1986/004649/06)                  (Registration number: 2006/023666/06)
      Share code: BAU ISIN: ZAE000145686                      Share code: RBX ISIN: ZAE000093183
                       ("Bauba")


JOINT ANNOUNCEMENT IN RESPECT OF THE FINAL RESULTS OF THE MANDATORY OFFER
AND SECTION 122 NOTIFICATION


Unless expressly defined in this announcement, or the context indicates otherwise, capitalised terms
herein have the meanings given to them in the combined offer circular distributed to Shareholders on
Friday, 25 March 2022.

1.       Introduction

         Shareholders are referred to the 'Joint Preliminary Results of the Mandatory Offer and Conclusion
         of Concert Party Arrangement' announcement, released on SENS on Monday, 13 June 2022.

2.       Final Results of the Offer

         Pursuant to the receipt of the latest Register, the Transfer Secretaries have now confirmed the
         final results of the Offer. Shareholders are hereby advised that the Offer, which closed at 12:00 on
         Friday, 10 June 2022, was accepted in respect of 79 412 185 Shares (in aggregate), constituting
         10.59% of the total Issued Share Capital and 39.40% of the total Offer Shares held by Minority
         Shareholders.

3.       Section 122 Notification

         In compliance with section 122(3)(b) of the Companies Act and section 3.83(b) of the Listings
         Requirements, Shareholders are advised that Bauba has received notification in terms of
         section 122(1) of the Companies Act, that Raubex has acquired a beneficial interest in the
         securities of Bauba pursuant to the closure of the Offer, such that their total beneficial interest now
         amounts to 61.68% of the total Issued Share Capital.

         As required in terms of section 122(3)(a) of the Companies Act, Bauba has filed the required
         notices with the TRP.

4.       Raubex Responsibility Statement

         The Raubex Board accepts responsibility for the information contained in this announcement
         insofar as it relates to Raubex. To the best of its knowledge and belief, such information contained
         herein is true and nothing has been omitted which is likely to affect the importance of such
         information.

5.       Independent Board Responsibility Statement

         The Independent Board accepts responsibility for the information contained in this announcement
         insofar as it relates to Bauba. To the best of its knowledge and belief, such information contained
         herein is true and nothing has been omitted which is likely to affect the importance of such
         information.

Johannesburg
15 June 2022
Sponsor to Bauba                          Legal advisor to Bauba




Financial advisor and sponsor to Raubex   Legal advisor to Raubex