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Disposal of CRIH and CLL: Addendum to Agreement

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Published: 2023-11-23 18:00:32 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, 28 August 2023, 27 September 2023 and 24 October 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 January 2024.


Cape Town
23 November 2023

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