• OM Holdings subsidiary OM Mauritius sells 26% stake in Ntsimbintle Mining to Exxaro Resources
• Tshipi Manganese Mine is one of the largest in South Africa and globally
• OM Holdings retains 13% effective interest in Tshipi through strategic partnership

OM Holdings Limited (ASX:OMH) has announced that its wholly-owned subsidiary OM Mauritius Corp. has entered into a conditional binding Sale and Purchase Agreement with Exxaro Resources Limited to sell OM Mauritius' 26% interest in Ntsimbintle Mining Proprietary Limited (NMPL) for US$101.4 million. NMPL holds a 50.1% interest in the Tshipi Borwa Manganese Mine, which is one of the largest manganese mines in South Africa and globally in terms of production and export. The remaining 49.9% interest in Tshipi is held by Jupiter Mines Limited. Through its strategic partnership with Ntsimbintle Holdings Proprietary Limited, OM Holdings retains an effective 13% interest in the Tshipi Manganese Mine. The successful closing of the transaction is subject to various conditions, including the execution of a new commercial agreement with Exxaro for the Tshipi manganese ore business, approval from relevant authorities, and the fulfillment of other suspensive conditions. The transaction is expected to close in early 2026, with Exxaro making an initial 95% payment on the closing date and the remaining 5% held in escrow for 12 months.