WESIZWE PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2003/020161/06)
Share code: WEZ
ISIN: ZAE000075859
(“Wesizwe” or the “Company”)
UPDATE ON PRODUCTION STRATEGY
Shareholders are referred to the various announcements released on the Johannesburg Stock Exchange (“JSE”) News Service, the last of which was published on 29 October 2025, relating to production ramp-up progress.
The Wesizwe board hereby advises shareholders and stakeholders that it has approved a strategic shift in the Company’s production strategy, with the objective of enhancing long-term value.
Accordingly, the previously communicated phased ramp-up approach, including the 1 Mtpa production strategy, has been discontinued with immediate effect. The Company will instead pursue a revised development strategy based on a single-stage ramp-up to a 3.5 Mtpa operation.
Preliminary technical assessments indicate that this approach represents the most optimal development pathway. A comprehensive optimization study will be undertaken to confirm these findings and to further refine the execution strategy (“Optimization Study”).
During the 2026 financial year, the Company will prioritize the completion of the Optimization Study alongside underground development activities, aimed at establishing the infrastructure required to support the envisaged production ramp-up.
The Company will keep shareholders informed of any material developments.
Johannesburg 30 March 2026
Sponsor
PSG Capital