The Directors of Letlole La Rona Limited (‘LLR’/ ‘the Company’) wish to advise Unitholders that further to the Cautionary Announcement that was published on 9 July 2021 relating to potential LLR transactions, and the subsequent Cautionary Updates dated 6 August 2021, 6 September 2021, 5 October 2021 and 8 November 2021, the negotiations with one of the two parties have reached an advanced stage.