Southern Palladium director inadvertently trades shares during closed period

Southern Palladium Limited reported today that director Roger Baxter inadvertently acquired shares on the JSE during a closed period. This coincided with the release of the company's financial report for the year ended June 30, 2025. The transaction, detailed in an Appendix 3Y, occurred on September 22, 2025, contravening the company's securities trading policy.

Mr. Baxter had placed orders to acquire shares. Upon realizing the closed period restriction, he attempted to cancel them and believed the cancellation was successful. However, two small trades were executed unintentionally. The company stated it has a securities trading policy and systems in place to inform directors about closed periods.

For further information, managing director Johan Odendaal can be reached at +27 82 557 6088 or johan.odendaal@southernpalladium.com. Media and investor relations inquiries can be directed to Sam Jacobs at Six Degrees Investor Relations on +61 423 755 909.