Investor Presentaiton

PAN AFRICAN IMPACT OF COVID-19 EFFECTS OF RESTRICTIONS DURING NATIONAL LOCKDOWN AND RESUMPTION OF FULL SCALE PRODUCTION • Timeline 23 March 2020: 21-Day Lockdown announced by SA government effective 27 March 2020 25 25 RESOURCES ⚫ All non-essential businesses and activities suspended, essential services at mines such as processing plants and care and maintenance allowed • 30 March 2020: Group response to shareholders and suspension of FY2020 guidance • • Liquidity position is robust and carefully managed, with access to additional facilities for the longer term if required Group surface operations operating at 70% of normal capacity, limited underground mining at Barberton to feed BIOX® process plant 11 May 2020: New FY2020 Production guidance and update on Group debt reduction • Annual production guidance revised down by only 5% to 176,000oz (from original 185,000oz) • Group remained cashflow positive during the lockdown period, senior interest-bearing debt reduced by 23% relative to 31 December 2019 Rollout of relief and assistance programmes for employees and host communities • 1 June 2020: Lockdown at Level 4 - All mining operations can resume at 100% subject to strict compliance measures • . All underground employees recalled to work

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