Hulamin announced shareholders that certain employees of the Company, affiliated with the National Union of Metalworkers of South Africa (NUMSA), embarked on a strike on 10 July 2023 (the Strike). The Strike has arisen due to a dispute on two matters relating to employee benefits. The view of the Company is that employee benefits cannot be negotiated outside of a full agreement which includes all substantial issues that make up employment cost.

Hulamin is willing to engage at any time on a complete agreement that is compliant with the Labour Relations Act, 66 of 1995. Shareholders will be updated as required on developments relating to the Strike.