CRESTA MARAKANELO LIMITED

(Incorporated in the Republic of Botswana on 23 August 1974

Registration number BW00001308618 (Share Code: CML ISIN: BW 000 000 0892)

ANNOUNCEMENT OF NEW HOTEL LEASE AGREEMENT SIGNED

Cresta Marakanelo Limited ("CML" or "the Company") is pleased to announce that it has entered into a lease agreement with Tora Properties (Proprietary) Limited, for a new hotel development in Mahalpaye.

The new hotel development will have 62 rooms and will complement the existing Cresta Mahalapye Hotel, which has 64 rooms. Construction is expected to commence during the second quarter of this year and be completed by June 2024, after which the Company will take occupation.

For and on behalf of the Board of Directors.

3 February 2022

Cresta Marakanelo Limited +267 3912222

2nd Floor, Marula House, Prime Plaza Plot 74538 CBD

Gaborone

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Cresta Marakanelo Limited published this content on 03 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2022 08:18:06 UTC.