MERAFE RESOURCES LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1987/003452/06) JSE and A2X share code: MRF ISIN: ZAE000060000 (“Merafe” or the “Company”) PRODUCTION REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2023 Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture for the six months ended 30 June 2023 decreased by approximately 9% compared to the prior comparative period. The reduction is due to planned pullback in production. Only the Lion smelter is scheduled to operate over the 3 month high electricity demand winter season, a period of elevated power prices. Six months ended 30 June 2023 30 June 2022 Attributable ferrochrome production (kt) 185 203 Sandton 17 July 2023 Sponsor One Capital