Disclosure of Beneficial Interest in Securities Bauba Resources Limited Incorporated in the Republic of South Africa (Registration number 1986/004649/06) Share code: BAU ISIN: ZAE000145686 ("Bauba" or “the Company”) DISCLOSURE OF BENEFICIAL INTEREST IN SECURITIES In compliance with section 122(3)(b) of the Companies Act, 2008 (Act 71 of 2008), as amended (“Companies Act”) and paragraph 3.83(b) of the Listings Requirements of JSE Limited, shareholders are advised that Bauba has received notification in terms of section 122(1) of the Companies Act that Highland Trading Investments Limited has disposed of their entire beneficial interest in the securities of the Company, amounting to 35.46%. Simultaneously, Bauba has also received notification terms of section 122(1) of the Companies Act, that the following companies have acquired beneficial interests in the securities of the Company, such that their holdings are currently as follows: Company % of Bauba’s issued share capital Russell Brooks Limited 15.07% Absalom Limited 9.07% Tomarnic Limited 15.07% As required in terms of section 122(3)(a) of the Companies Act, Bauba has filed the required notices with the Takeover Regulation Panel. Johannesburg 12 April 2021 Sponsor Merchantec Capital Date: 12-04-2021 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.