Finalisation announcement in relation to the Distribution Montauk Holdings Limited (Incorporated in the Republic of South Africa) Registration number 2010/17811/06 Share code: MNK ISIN code: ZAE000197455 (“Montauk” or the “Company”) FINALISATION ANNOUNCEMENT IN RELATION TO THE DISTRIBUTION Unless otherwise defined, all capitalised terms have the same meanings as defined in the circular issued by the Company, dated 16 November 2020 (“Circular”). Shareholders are referred to the announcements published on SENS on 14 October 2020, 16 November 2020, 28 December 2020 and 6 January 2021 regarding the Distribution. Montauk will distribute the Distribution Shares (subject to the withholding of the Withholding Shares) in the ratio of one Montauk Renewables Share for every one Share held by any such Shareholder on the Distribution Record Date. For Shareholders who are not exempt from Dividends Tax and not subject to Dividends Tax at a reduced rate and/or those Shareholders who are exempt from Dividends Tax or subject to Dividends Tax at a reduced rate but have not delivered the requisite Forms of Declarations and Undertakings to the Company in terms of section 64FA of the Income Tax Act (“Non- exempt Shareholders”), the Withholding Shares will be determined at the full rate of Dividends Tax which is 20%. Consequently, Non-exempt Shareholders will receive 0.8 Montauk Renewables Shares for every one Share held by any such Shareholder on the Distribution Record Date. Shareholders are reminded of the important dates and times applicable as set out below: Salient dates and times 2021 Last day to trade Shares in order to be recorded in the Register to participate in the Mon, 18 January Distribution Shares trade ex rights to Distribution Shares Tue, 19 January Suspension of trading of Montauk Tue, 19 January Distribution Record Date Thu, 21 January Announcement in respect of the market value of the Distribution Shares Fri, 22 January Announcement released on SENS by 11:00 in respect of the cash payment applicable Fri, 22 January to fractional entitlements to the Distribution Shares, based on the market value of the Distribution Shares, less 10% on Listing of Montauk Renewables on the JSE Mon, 25 January Distribution completion date on which Shareholders will have their accounts at their Tue, 26 January CSDP or broker updated to reflect the Distribution Shares Termination of the listing of the Montauk at commencement of trade on the JSE Wed, 27 January Cash value payment date – the date on which Shareholders will have their accounts at Wed, 27 January their CSDP or broker updated to reflect the cash value paid in lieu of a fractional share Notes: 1. All dates and times indicated above are South African Standard Time. Cape Town 13 January 2021 Financial Advisor and Sponsor Investec Bank Limited Legal Adviser Edward Nathan Sonnenbergs Incorporated Date: 13-01-2021 11:06:00 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.