Bauba Resources Limited                                             Raubex Group Limited
     Incorporated in the Republic of South Africa                     (Incorporated in the Republic of South Africa)
       (Registration number: 1986/004649/06)                             (Registration number: 2006/023666/06)
      Share code: BAU ISIN: ZAE000145686                                 Share code: RBX ISIN: ZAE000093183
                       ("Bauba")



JOINT FINALISATION ANNOUNCEMENT IN RESPECT OF THE MANDATORY OFFER


Unless expressly defined in this announcement, or the context indicates otherwise, capitalised terms
herein have the meanings given to them in the combined circular distributed to Shareholders on
Friday, 25 March 2022 ("Circular").

1.       Introduction

         Shareholders are referred to the joint announcement regarding the extension of the Closing Date
         of the Offer released on SENS on Monday, 23 May 2022. Shareholders are reminded again that
         the Condition Precedent to the Offer has been fulfilled and that acceptances of the Offer will be
         settled in accordance with the Important Dates and Times below.

2.       Important Dates and Times

         Shareholders are reminded of the important dates and times in relation to the Offer, which are set
         out in the table below:

                                                                                                                         2022

             Last Day to Trade for Shareholders wishing to accept                                             Tuesday, 7 June
             the Offer
             Shares trade "ex" the Offer                                                                Wednesday, 8 June
             Closing Date of Offer at 12:00                                                                    Friday, 10 June
             Record Date for Offer                                                                             Friday, 10 June
             Results of Offer to be announced on SENS                                                         Monday, 13 June
             Payment Date                                                                                     Monday, 13 June

         Notes:

         •        No Dematerialisation or rematerialisation of Shares will take place between the trading ex-date,
                  Wednesday, 8 June 2022 and the Record Date for the Offer, Friday, 10 June 2022 (both days inclusive).

         •        Offerees should note that acceptance of the Offer will be irrevocable.

         •        All times referred to in this announcement are references to South African Standard Time.

3.       Raubex Responsibility Statement

         The Raubex board of directors accepts responsibility for the information contained in this
         announcement insofar as it relates to Raubex. To the best of its knowledge and belief, such
         information contained herein is true and nothing has been omitted which is likely to affect the
         importance of such information.

4.       Independent Board Responsibility Statement

         The Independent Board accepts responsibility for the information contained in this announcement
         insofar as it relates to Bauba. To the best of its knowledge and belief, such information contained
         herein is true and nothing has been omitted which is likely to affect the importance of such
         information.
Johannesburg
30 May 2022

Sponsor to Bauba                          Legal advisor to Bauba




Financial advisor and sponsor to Raubex   Legal advisor to Raubex