Release of Shares from Escrow Southern Palladium Limited Incorporated in the Commonwealth of Australia Australian Company Number 646 391 899 ASX share code: SPD JSE share code: SDL ISIN AU0000220808 ("Southern Palladium" or "the Company") Release of Shares from Escrow Southern Palladium Limited (ASX:SPD and JSE:SDL) ) ('Southern Palladium' or 'the Company') advises in accordance with ASX Listing Rule 3.10A that 22,750,000 fully paid ordinary shares are to be released from voluntary escrow on Wednesday 13 November 2024 following satisfaction of project milestones relating to the Company's 70% interest in the Bengwenyama Platinum-Group Metal (PGM) project located on the Eastern limb of the Bushveld, South Africa (please refer to the Prospectus issued by the Company on 6 June 2022 for further details). The total issued capital of the Company (inclusive of the shares now released from voluntary escrow) remains at 89,750,000 shares, which is unchanged from the 8 June 2022 official quotation date. This announcement has been authorised by the Managing Director. For further information, please contact: Johan Odendaal Managing Director Southern Palladium Phone: +27 82 557 6088 Email: johan.odendaal@southernpalladium.com 5 November 2024 JSE Sponsor Merchantec Capital Media & investor relations inquiries: Sam Jacobs, Six Degrees Investor Relations: +61 423 755 909 Follow @SouthernPalladium on Twitter Follow Southern Palladium on LinkedIn Date: 05-11-2024 02:14:00 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.