MANTENGU MINING LIMITED - Results of General Meeting

Results of General Meeting

MANTENGU MINING LIMITED
Incorporated in the Republic of South Africa
(Registration number 1987/004821/06)
Share code: MTU  ISIN: ZAE000320347
("Mantengu" or "the Company")


RESULTS OF GENERAL MEETING


1. INTRODUCTION

   Shareholders are referred to the announcements released on SENS on 26 October 2023, 21 December
   2023 and 15 January 2024, and to the Circular distributed to Shareholders on 21 December 2023
   relating to the Proposed Transaction encompassing the Specific Issues of Shares and Warrants by the
   Company pursuant to the R500 million Facility to be made available to Mantengu by the Investor, GEM
   Global Yield LLC SCS.

   Terms defined in the Circular shall, unless otherwise stated, bear the same meaning in this
   announcement.

2. RESULTS OF GENERAL MEETING

   Shareholders are advised that, at the General Meeting held today, Monday, 22 January 2024, all the
   Resolutions as set out in the Notice of General Meeting were passed by the requisite majority of
   Shareholders.

   The number of Shares voted in person or by proxy was 113 404 428, representing 69% of the total
   issued share capital of the same class of Mantengu Shares.

   The Resolutions proposed at the General Meeting, together with the percentage of votes carried for and
   against each Resolution, as well as the percentage of Shares abstained, are set out below:

                                                              % of votes
                                                             carried for     % of votes
                                                                     the    against the     % of Shares
                                                              Resolution     Resolution       abstained
   Ordinary Resolution Number 1 – Specific Issue of
   Consideration Shares                                           98.85%          1.15%           0.00%
   
   Ordinary Resolution Number 2 – Specific Issue of
   Warrants                                                       98.85%          1.15%           0.00%
   
   Ordinary Resolution Number 3 – Specific Issue of
   additional Commitment Fee Shares                               98.85%          1.15%           0.00%
   
   Ordinary Resolution Number 4 – Specific Issue of
   Warrant Payment Shares                                         98.85%          1.15%           0.00%
   
   Special Resolution number 1 – Approval to issue
   the Consideration Shares in terms of Section 41(1) of
   the Companies Act                                              98.85%          1.15%           0.00%
   
   Special Resolution number 2 – Approval of the
   Specific Issue of Shares and Warrants in terms of
   Section 41(3) of the Companies Act                             98.85%          1.15%           0.00%
   
   Ordinary Resolution Number 5 - Authority granted to
   Directors                                                      98.85%          1.15%           0.00%


Johannesburg
22 January 2024

Designated Adviser
Merchantec Capital

Date: 22-01-2024 03:34:00
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