MANGANESE MINERAL DEALER TRADER LICENCE IN KENYA ▪ Mineral Dealer's Trading License granted to Marula Mining. ▪ The License allows the Company to buy, sell and export manganese ores in and from Kenya in accordance with the conditions set out in the Mining Act No. 12 of 2016 and the Mining Regulations 2017 (Dealings in Minerals) ▪ Manganese ores to be purchased by Marula under the License will initially include the planned increased volumes of manganese ore mined and processed from the Larisoro Manganese Mine ▪ The License also permits Marula to purchase manganese ores from other Kenyan-based mining companies, which will be undertaken as part of the Company's broader strategy to position itself as one of the major companies in Kenya in the manganese sector ▪ These purchased manganese ores to be sold into the export markets by Marula under agreed offtake agreements 47
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