Stimulus Investments Limited (Incorporated in the Republic of Namibia) (Registration number: 2004/482)

(NSX Share code: SILP)

ISIN Code: NA000A1JN0Z7 ("Stimulus")

CAUTIONARY ANNOUNCEMENT

Shareholders are advised that Stimulus has entered into negotiations, which if successfully concluded, may have a material effect on the price of Stimulus' preference shares.

Accordingly, shareholders are advised to exercise caution when dealing in the Stimulus' preference shares until a further announcement is made.

By order of the Board

30 June 2022

Sponsor

Cirrus Securities (Pty) Ltd

Member of the Namibian Stock Exchange

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Stimulus Investments Ltd. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 12:42:07 UTC.