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ZAMBEZI PLATINUM (RF) LIMITED – Transactions in securities

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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.


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