CONDUIT CAPITAL LIMITED Incorporated in the Republic of South Africa (Registration number 1998/017351/06) Share code: CND ISIN: ZAE000073128 (“Conduit Capital” or “the Group”) DISPOSAL OF CRIH AND CLL: ADDENDUM TO AGREEMENT Shareholders are referred to the announcements released on SENS on: - 24 May 2023 (and using the terms defined therein unless otherwise stated) wherein shareholders were advised that Conduit Capital and its wholly-owned subsidiary, Copper Sunset Trading 186 Proprietary Limited (“Copper Sunset”), have entered into an Agreement with TMM Holdings Proprietary Limited (“TMM”), an unrelated third party, to dispose of the “Sale Interest” to TMM for an aggregate cash purchase price of R55 million (“Disposal”); and - 30 June 2023 wherein shareholders were advised that the parties to the Agreement (“Parties”) have entered into an addendum thereto to extend the date of fulfilment of the suspensive conditions of the Disposal (“Conditions”) from 1 July 2023 to 1 August 2023. Shareholders are hereby advised that the Parties have entered into a further addendum to the Agreement to extend the date of fulfilment of the Conditions to 1 September 2023. Cape Town 28 July 2023 Sponsor Merchantec Capital