Further cautionary Mahube Infrastructure Limited (Formerly GAIA Infrastructure Capital Limited) (Incorporated in the Republic of South Africa) (Registration number: 2015/115237/06) ISIN: ZAE000290763 JSE code: MHB (“Mahube” or the “Company”) Further Cautionary Announcement Mahube shareholders (“Shareholders”) are referred to the cautionary announcement published on SENS on 26 April 2021, 8 June 2021, 21 July 2021 and 2 September 2021 respectively and are advised that the Company is still in the process of exploring options to restructure its business with the objective of growing its capital and asset base. Accordingly, Shareholders are advised to continue to exercise caution when dealing in the Company’s securities until a further announcement is made. Johannesburg 15 October 2021 Sponsor Sasfin Capital (a member of the Sasfin Group) Date: 15-10-2021 08:45:00 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.