It is with great sadness that the board of directors of Orion (the “Board”) informs shareholders, in accordance with section 6.3.1.2 of the Listings Requirements of ZAR X Proprietary Limited, of the passing of Mr Richard Wilkinson, the Chairperson of the Board, on 9 August 2021.

The Board expresses its sincere condolences to Richard’s family in this difficult time.

Not only was Richard the Company’s long standing Chairman, but also a dear friend to whom many turned to for guidance and direction. His positive spirit, zest for life and belief in the human spirit will remain with everybody who knew him.

Mr Theuns Oosthuizen will temporarily assume the role of Chairman of the Board until a formal appointment is made and shareholders will be advised of the new appointment in due course.

BY ORDER OF THE BOARD

Appointed Advisor

AcaciaCap Advisors Proprietary Limited
Johannesburg
11 August 2021