BUSINESS WIRE<\/a>)–
\nMAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC)<\/p>\n\nMAC Copper Limited (NYSE:MTAL, ASX:MAC) (\u201cMAC<\/b>\u201d or the \u201cCompany<\/b>\u201d) is pleased to provide the following update on the proposed acquisition of 100% of the issued share capital in MAC by Harmony Gold (Australia) Pty Ltd (a wholly owned subsidiary of Harmony Gold Mining Company Limited (JSE:HAR, NYSE:HMY)) (\u201cHarmony<\/b>\u201d) by way of a Jersey law scheme of arrangement pursuant to Article 125 of the Companies (Jersey) Law 1991 (as amended) (\u201cScheme<\/b>\u201d).<\/p>\n
\nCapitalised terms used in this announcement have the meaning given to them in the Scheme Circular, a copy of which is attached to MAC\u2019s announcement released on 31 July 2025.<\/p>\n
Update on regulatory conditions precedent<\/b><\/p>\n
\nMAC has been notified by Harmony that Harmony has received written confirmation from the Financial Surveillance Department of the South African Reserve Bank that it has no objection to the implementation of the Scheme and Harmony\u2019s intended funding of the Scheme Consideration.<\/p>\n
\nAccordingly, the regulatory condition precedent in clause 3.1(d) of the Implementation Deed has now been satisfied.<\/p>\n
\nMAC CEO, Mick McMullen, commented:<\/p>\n
\u201cThe receipt of regulatory approval from SARB marks another significant step towards implementation of the Transaction. With the Restructuring Documents having been fully executed and all remaining deliverables to satisfy the Consents Condition well underway, that workstream is materially resolved. Earlier this week, the Scheme Circular was dispatched, giving shareholders the opportunity to cast their vote. We strongly encourage all shareholders to vote well ahead of the 26 August 2025 (for MAC CDI Holders) and 27 August 2025 cut-off (for MAC Shareholders and Scheme Shareholders). The MAC Directors remain unanimous in recommending that Scheme Shareholders vote in favour of the Scheme at the Court Meeting and that MAC Shareholders vote in favour of the General Meeting Resolution, in the absence of a Superior Proposal.\u201d<\/i><\/p>\n
\nThe Scheme remains subject to the Scheme and the General Meeting Resolution being approved by the requisite majorities of Scheme Shareholders and MAC Shareholders (as applicable) at the Meetings, Harmony obtaining approval from Australia\u2019s Foreign Investment Review Board, certain specified conditions precedent to the Streams Restructure Deed being satisfied or waived, the Court sanctioning the Scheme at the Court Sanction Hearing and other customary Conditions set out in the Scheme Circular.<\/p>\n
Court Meeting and General Meeting<\/b><\/p>\n
\nThe Court Meeting and General Meeting will be held at 44 Esplanade, St Helier, Jersey JE4 PWG and online via the Virtual Meeting Platform at 12:30 pm (Jersey time) \/ 7:30 am (New York time) \/ 9:30 pm (Sydney time) on Friday, 29 August 2025 (for the Court Meeting) and at 1:00 pm (Jersey time) \/ 8:00 am (New York time) \/ 10:00 pm (Sydney time) on Friday, 29 August 2025 (for the General Meeting) (or as soon thereafter as the Court Meeting has concluded or been adjourned).<\/p>\n
\nEach MAC Shareholder whose name appears on the Share Register at 4:00 pm (New York time) on Tuesday, 29 July 2025 will be entitled to attend and vote on all resolutions to be put to the Court Meeting and the General Meeting.<\/p>\n
Further information<\/b><\/p>\n
\nIf, after reading the Scheme Circular, you have any questions about the Scheme or the Scheme Circular, please contact MAC\u2019s proxy solicitation firm, Sodali & Co, at:<\/p>\n
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