Withdrawal of Cautionary Announcement_Proposed Acquisition Averi Finance Assets & Potential Reverse Takeover
CautionaryTransactionMaterial
In brief
Negotiations for the acquisition of Averi Finance assets have been terminated by mutual agreement, and caution is no longer required. The company cited the need to complete a portfolio review and optimise its chrome and platinum operations.
The announcement
Withdrawal of Cautionary Announcement_Proposed Acquisition Averi Finance Assets & Potential Reverse Takeover MANTENGU LIMITED Incorporated in the Republic of South Africa (Registration number 1987/004821/06) Share code: MTU ISIN: ZAE000320347 (“Mantengu” or “the Company”) WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT RELATING TO THE PROPOSED ACQUISITION OF AVERI FINANCE ASSETS AND POTENTIAL REVERSE TAKEOVER Shareholders are referred to the detailed cautionary announcement last renewed on SENS on 21 September 2026 in relation to the proposed Acquisition of Averi Finance Assets (“Acquisition”) and are advised that negotiations have been terminated by mutual agreement to allow for Mantengu to complete its comprehensive review of its investment portfolio together with optimising its chrome and platinum operations. The parties may re- engage in discussions in 2027. Accordingly, caution is no longer required to be exercised by Shareholders in relation to the Acquisition when dealing in the Company’s securities. By Order of the Board 2 November 2026 Designated Advisor AcaciaCap Advisors Proprietary Limited Date: 02/11/2026 09:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.