ROYAL BAFOKENG PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number 2008/015696/06) (JSE share code: RBP ISIN: ZAE000149936) ("RBPlat" or the "Company" or the “Group”) UPDATE: FURTHER EXTENSION OF APPOINTMENT OF INTERIM CHIEF FINANCIAL OFFICER Shareholders are referred to the SENS announcement published on 26 September 2022 wherein shareholders were advised that due to the ongoing process regarding the mandatory offer (“Implats Offer”) by Impala Platinum Holdings Limited (“Implats”) the board of directors of RBPlat (the “Board”) resolved to pause the appointment of a full-time chief financial officer (“CFO”) and executive director until the conclusion of the Implats Offer and the Board has clarity on the direction of the Company. The Board accordingly extended the period during which Ms Rotshidzwa Manenzhe fulfils the role of interim CFO by three months to 31 December 2022. Shareholders are further referred to: - The Implats announcement published on SENS on 17 November 2022 wherein shareholders were advised, inter alia, that the only condition precedent still outstanding in respect of the Implats Offer is the issuance by the Takeover Regulation Panel of a compliance certificate under section 121(b) of the Companies Act, 2008 and Regulation 102(13) of the Companies Regulations, 2011 and that Implats has extended the date set for fulfilment or waiver of the condition precedent to 30 December 2022; and - The firm intention offer announcement issued by Northam Platinum Holdings Limited (“Northam”) on 9 November 2022 wherein Northam advised, inter alia, of its conditional general offer (“Northam Offer”) to acquire all or a portion of the RBPlat shares in issue. Due to the ongoing Implats Offer and the firm intention announcement by Northam to make an Offer, the Board has decided to continue to pause the appointment of a full-time CFO and executive director until the conclusion of the corporate action and the Board has clarity of the direction of the Company. The Board, together with the audit and risk committee, having considered the requirements for the Company with regards to its financial director, as well as Ms Manenzhe’s familiarity and experience with the Group’s financial requirements, has extended the period during which Ms Manenzhe fulfils the role of interim CFO to 30 June 2023. The Company has obtained formal dispensation from the JSE in this regard. Further announcements relating to the appointment of a full-time CFO and executive director will be published in due course. Johannesburg 2 December 2022 JSE Sponsor Merrill Lynch South Africa Proprietary Limited t/a BofA Securities For further enquiries, please contact: Lindiwe Montshiwagae Email: lindiwe@bafokengplatinum.co.za Tel: +27(0)10 590 4510 M: +27(0)82 920 7803 Thandeka Mthembu Email: thandekam@bafokengplatinum.co.za Tel: +27(0)10 590 4510 M: +27(0)72 674 9601