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Disposal of CRIH and CLL: Addendum to Agreement

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Published: 2023-09-27 18:00:25 ET
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                                      CONDUIT CAPITAL LIMITED
                                Incorporated in the Republic of South Africa
                                  (Registration number 1998/017351/06)
                                 Share code: CND ISIN: ZAE000073128
                                            (“Conduit Capital”)


                     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, 28 July 2023 and 28 August 2023 wherein shareholders were advised that the parties
     to the Agreement (“Parties”) have entered into addenda thereto to extend the date of fulfilment of the
     suspensive conditions of the Disposal (“Conditions”).
 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 31 October 2023.


Cape Town
27 September 2023

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