Unaudited Group Interim Results for the six months ended February 2020 Union Atlantic Minerals Limited (Incorporated in the Republic of South Africa) (Registration number 1998/001940/06) Share code: UAT ISIN: ZAE000254314 (“UNION ATLANTIC MINERALS, UAT or the Company”) Unaudited Group Interim Results for the six months ended February 2020 FINANCIAL HIGHLIGHTS Loss for the period up 51.7% to R4.2 million Loss per share up 31.8% to 0.29 cents per share Headline loss per share up 31.8% to 0.29 cents per share Net asset value per share down 2.86% to 320.9 cents per share The Company has not declared a dividend for the interim period which is consistent with previous interim periods. The short-form announcement is the responsibility of the Board of Directors of UAT. It contains only a summary of the information in the full announcement and does not contain full or complete details. The full announcement can be found at: https://senspdf.jse.co.za/documents/2020/jse/isse/uate/UAT280220.pdf Copies of the full announcement are also available for viewing on the Group's website at http://www.unionatlanticminerals.com/ or may be requested in person, at the company's registered office, at no charge, during office hours. Any investment decisions by investors and/or shareholders should be based on consideration of the full announcement as a whole. The Group’s Interim Results have not been reviewed or audited by the Company`s external auditors, Moore. Johannesburg 30 September 2020 River Group Sponsor and Corporate Adviser James Duncan james@racs.co.za R&A Strategic Communications Media and Investor relations Date: 30-09-2020 05:15:00 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.