UNION ATLANTIC MINERALS LIMITED - General Issue of Shares

General Issue of Shares

Union Atlantic Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/001940/06)
Share code: UAT ISIN: ZAE000254314
(“UNION ATLANTIC MINERALS or UAM or the Company”)

                                  General Issue of Shares

The Board of Directors of Union Atlantic Minerals Limited hereby advises that the suspensive
conditions for the subscription of 194,367,163 shares (“Initial Subscription Shares”) for cash
by Ibhubesi Capital Proprietary Limited as referred to in the SENS published on 20 June 2020
have been fulfilled and the attorneys of the Company have received, in escrow, the sum of
R5,800,000 for the issue of the Initial Subscription Shares.

The issued share capital of UAM after issuing the Initial Subscription Shares will be
1,674,512,367 ordinary no par value shares.

Centurion
1 March 2020

Sponsor and Corporate Adviser
River Group

MEDIA AND INVESTOR RELATIONS
James Duncan
jamesmairduncan@gmail.com
+27791841621

Date: 01-03-2021 10:20:00
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