SALUNGANO GROUP LIMITED - Coal Supply Agreement for Vanggatfontein Colliery

Coal Supply Agreement for Vanggatfontein Colliery

SALUNGANO GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: SLG ISIN: ZAE000306890
("Salungano" or "the Company" or "the Group")


COAL SUPPLY AGREEMENT FOR VANGGATFONTEIN COLLIERY


The board of directors of Salungano ("Board") is pleased to advise shareholders that Keaton Mining
Proprietary Limited, a wholly-owned subsidiary of Keaton Energy Holdings Limited, which in turn is a
wholly-owned subsidiary of Salungano Group Limited, has executed a coal supply agreement ("CSA")
with Eskom Holdings SOC Limited for the supply of coal from its Vanggatfontein Colliery to an Eskom-
designated power station.

The CSA provides, inter alia, that:

   •   Commencement of deliveries is scheduled for 1 November 2025 (or such later date as may be
       agreed in writing);

   •   The contract period is expected to run for approximately five years and two months, expiring once
       the contracted total energy quantity has been delivered; and

   •   The aggregate contracted quantity over the CSA term is expected to be approximately 6.5 million
       tons (on an "as received" basis, subject to the contract's calorific value assumptions and
       monthly/annual delivery ranges).

The Board regards the execution of the CSA as price-sensitive, as it enhances revenue certainty and
operational planning at Vanggatfontein and is relevant to the Group's going-concern assessment as
communicated to shareholders in the audited consolidated financial statements for the year ended
31 March 2024 ("2024 AFS") released on SENS on 7 October 2025. Further detail regarding the CSA will
be provided in the Group's financial results and subsequent reporting, to the extent appropriate.

Woodmead
22 October 2025

Sponsor
Merchantec Capital

Date: 22-10-2025 01:38:00
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