Results of Rights Offer Sable Exploration and Mining Limited (Incorporated in the Republic of South Africa) (Registration number: 2001/006539/06) (Share Code: SXM ISIN Code: ZAE000303319) ("SEAM" or "the company") Results of Rights Offer Introduction Shareholders are referred to the announcements released on SENS on 23 February 2023, 1 September 2023, 31 October 2023, 4 November 2023 and 8 November 2023 in which SEAM announced that 52 213 608 ordinary no par value shares in the authorised but unissued share capital of SEAM will be issued in terms of a rights offer at a subscription price of 100 cents per share to raise R52 213 608.00. Results of the Rights Offer The Rights Offer closed at 12:00 on Friday 17 November 2023. The table below sets out the results of the Rights Offer: Number of Rights Offer % of Rights Offer shares Shares Rights Offer Shares available for 52 213 608 100% subscription Shares subscribed by minority 722 166 1.38% shareholders Shares subscribed by Allan 305 484 0.59% Hochreiter Investments (Pty) Ltd Shares subscribed by James Allan 3 669 204 7.03% Shares subscribed for and 46 490 213 89.04% underwritten by PBNJ Trading and Consulting (Pty) Ltd Shares underwritten by Sable 1 026 541 1.96% Metals and Minerals (Pty) Ltd Total Rights Offer Shares 52 213 608 100% subscribed for Rights Offer Shares issued to directors Shareholders are advised that the following Rights Offer Shares were issued to directors of SEAM: Name of director: James Allan Date of transaction: 17 November 2023 Nature of transaction: Subscription for Rights Offer Shares Price: 100 cps Number of shares: 3 669 204 Total amount: R3 669 204.00 Class of shares: Ordinary Shares Nature of interest: Direct Beneficial Clearance obtained: Yes Name of director: James Allan Company: Sable Metals and Minerals (Pty) Ltd Date of transaction: 17 November 2023 Nature of transaction: Subscription for Rights Offer Shares Price: 100 cps Number of shares: 1 026 541 Total amount: R1 026 541.00 Class of shares: Ordinary Shares Nature of interest: Indirect Beneficial Clearance obtained: Yes Name of director: James Allan Company: Allan Hochreiter Investments (Pty) Ltd Date of transaction: 17 November 2023 Nature of transaction: Subscription for Rights Offer Shares Price: 100 cps Number of shares: 305 484 Total amount: R305 484.00 Class of shares: Ordinary Shares Nature of interest: Indirect Beneficial Clearance obtained: Yes Name of director: Ulrich Bester Company: PBNJ Trading and Consulting (Pty) Ltd Date of transaction: 17 November 2023 Nature of transaction: Subscription for Rights Offer Shares Price: 100 cps Number of shares: 46 490 213 Total amount: R46 490 213.00 Class of shares: Ordinary Shares Nature of interest: Indirect Beneficial Clearance obtained: Yes Johannesburg 22 November 2023 Sponsor Exchange Sponsors Date: 22-11-2023 11:28:00 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.