TONGAAT HULETT LIMITED - Appointment of Acting Chief Executive Officer

Appointment of Acting Chief Executive Officer

TONGAAT HULETT LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1892/000610/06
Share code: TON
ISIN: ZAE000096541
(“Tongaat Hulett” or “Company”)

APPOINTMENT OF ACTING CHIEF EXECUTIVE OFFICER

Shareholders are referred to the SENS announcement released on 30 January 2023, wherein
the Company advised that Mr Gavin Hudson tendered his resignation as Chief Executive
Officer and executive director of the Company, with effect from 28 February 2023.

In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the Company
is pleased to announce the appointment of Mr Dan Marokane, an executive director of the
Company, as the acting Chief Executive Officer of Tongaat Hulett, with effect from
1 March 2023.

Mr Marokane holds a BSc Chem Eng, MSc Pet Eng and an MBA. He has held various senior
executive roles over the past 20 years in the oil and gas, power and agro-processing
industries. He joined Tongaat Hulett in 2018 and in his role of Chief Business Transformation
Officer, he has been part of the management team which led the turnaround journey of the
Company. Mr Marokane was appointed as an executive director of Tongaat Hulett in
November 2019 and was previously the chairman of the Company’s listed Zimbabwean
subsidiary, Hippo Valley Estates Limited.

The Company acknowledges his valuable contribution to Tongaat Hulett, most notably his
impact on the internal cashflow optimisation programmes and the management of the
Company’s asset disposals. The Company and the business rescue practitioners welcome
Mr Marokane to his new role.

Tongaat
7 February 2023

Sponsor
PSG Capital

Date: 07-02-2023 10:00:00
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