MERAFE RESOURCES LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1987/003452/06) Share Code: MRF ISIN: ZAE000060000 (“Merafe”) PRODUCTION REPORT FOR THE QUARTER AND YEAR ENDED 31 DECEMBER 2022 Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture decreased by approximately 5.0% for the quarter ended 31 December 2022 and increased by approximately 1.3% for the full year compared to the year ended 31 December 2021. The production levels were achieved in spite of the Eskom load curtailments that affected operations. Quarter ended 31 December Year ended 31 December 2022 2021 2022 2021 Attributable ferrochrome 97 102 384 379 production (kt) Sandton 16 January 2023 Sponsor One Capital