Transactions in securities ZAMBEZI PLATINUM (RF) LIMITED (Incorporated in the Republic of South Africa) (Registration number 2014/106927/06) JSE preference share code: ZPLP ISIN code: ZAE000202552 (“Zambezi”) TRANSACTIONS IN SECURITIES Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the announcement published by Zambezi on SENS on 23 March 2021 (“Announcement”). 1. INTRODUCTION Preference Shareholders are referred to the announcement published by Zambezi on SENS today, 11 June 2021, regarding additional support for the Transaction obtained from, inter alia, Preference Shareholders (“Additional Support Announcement”). 2. TRANSACTIONS IN SECURITIES The additional support obtained from Preference Shareholders today, 11 June 2021 (as detailed in the Additional Support Announcement), has been obtained from, inter alia, a director of Zambezi and certain associates of a director of Zambezi (as set out below), in their capacity as Preference Shareholders. Implementation of the Zambezi Scheme will amount to a disposal of ZPLPs by Preference Shareholders who are participants in the Zambezi Scheme, for a cash consideration per ZPLP amounting to the Face Value on the date on which the Zambezi Scheme is implemented, plus a 15.99% premium to the Face Value (collectively, the “ZPLP Offer Consideration”). Accordingly, the provision of the additional support amounts to a transaction in securities. Preference Shareholders are therefore advised of the following transactions in securities, of which clearance was obtained in terms of paragraph 6.45 of the JSE Debt Listings Requirements: Name of director Ms A H Coetzee Name of company of which she is a director Zambezi Platinum (RF) Limited Total number of ZPLPs 15 800 ZPLPs Value of transaction R1 586 162.00 (based on a ZPLP Offer Consideration as at 11 June 2021, of R100.39) Nature and extent of director’s interest Direct beneficial interest in ZPLPs Transaction completed on-market or off-market N/A Name of director Mr L C van Schalkwyk Name of company of which he is a director Zambezi Platinum (RF) Limited Nature and extent of director’s interest Indirect beneficial interest in ZPLPs Details of transactions in securities by associates of Mr L C van Schalkwyk: Name of associate Bepro Messina Proprietary Limited Relationship with director Mr van Schalkwyk is a shareholder and director of Bepro Messina Proprietary Limited Total number of ZPLPs 122 910 ZPLPs Value of transaction R12 338 934.90 (based on a ZPLP Offer Consideration as at 11 June 2021, of R100.39) Name of associate Mrs C van Schalkwyk Relationship with director Wife of Mr van Schalkwyk Total number of ZPLPs 75 512 ZPLPs Value of transaction R7 580 649.68 (based on a ZPLP Offer Consideration as at 11 June 2021, of R100.39) Name of associate Ms C van Schalkwyk Relationship with director Daughter of Mr van Schalkwyk Total number of ZPLPs 19 161 ZPLPs Value of transaction R1 923 572.79 (based on a ZPLP Offer Consideration as at 11 June 2021, of R100.39) Name of associate Mr L van Schalkwyk Relationship with director Son of Mr van Schalkwyk Total number of ZPLPs 18 694 ZPLPs Value of transaction R1 876 690.66 (based on a ZPLP Offer Consideration as at 11 June 2021, of R100.39) Transactions completed on-market or off-market N/A It should be noted that the ZPLPs subject to the transactions detailed above have not yet been disposed of and it is only expected that such ZPLPs will be disposed of by the Preference Shareholders should the Zambezi Scheme be implemented, which remains subject to the fulfilment or waiver of various conditions precedent (as detailed in the Announcement). Johannesburg 11 June 2021 Corporate advisor to Zambezi Corporate advisor to Northam Nisela Capital Proprietary Limited One Capital Advisory Proprietary Limited Attorneys to Zambezi Attorneys to Northam Cliffe Dekker Hofmeyr Inc. Webber Wentzel Transaction and debt sponsor to Zambezi Transaction, equity and debt sponsor to One Capital Sponsor Services Proprietary Northam Limited One Capital Sponsor Services Proprietary Limited Date: 11-06-2021 08:57:00 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.