SHAREHOLDER UPDATE – STATUS OF LICENSE REQUIREMENTS FOR THE GROUP Shareholder Update – Status of Nutritional Holdings Limited Licensing Update Alvero Nutritional Holdings Limited Incorporated in the Republic of South Africa (Registration number 2004/002282/06) Share code: NUT ISIN: ZAE000298568 (“Nutritional Holdings” or “the Company” or “the Group”) SHAREHOLDER UPDATE – STATUS OF LICENSE REQUIREMENTS FOR THE GROUP Shareholders are referred to the previous SENS of the quarterly update regarding the production hold of Ukusekela: 1. The board has started negotiations with Alvero in order to finalise the regulatory aspects of the SAHPRA licensing requirements in order for the production to continue at Ukusekela. These negotiations and administration work are expected to be completed before the end May 2022. Further notifications of the progress of these negotiations will follow in due course. Neville Moodley CFO By order of the Board Durban 13 May 2022 Date: 13-05-2022 05:29:00 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.