Nyanza Shareholding

▪ Nyanza was founded by Arkein in 2011 and initially co-owned with Evraz Highveld Steel and Vanadium (EHSV).

▪ When EHSV filed for business rescue in 2015, Arkein bought back the 20% that was owned by EHSV and subsequently sold 30% to DBF.

▪ Nyanza is owned 70% by Arkein Industrial Holdings (Arkein) and 30% by DBF Capital Partners (DBF).