MERAFE RESOURCES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/003452/06) Share Code: MRF

ISIN: ZAE000060000 ("Merafe" or the "Company")

PRODUCTION REPORT FOR THE QUARTER ENDED 31 MARCH 2022

Merafe's attributable ferrochrome production from the Glencore Merafe Chrome Venture for the quarter ended 31 March 2022 marginally decreased by approximately 3.1% compared to the prior comparative period.

Quarter ended

31 March 2022

31 March 2021

Attributable ferrochrome production (kt)

100

103

Sandton

22 April 2022

Sponsor One Capital

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Merafe Resources Ltd. published this content on 22 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2022 06:57:07 UTC.