THARISA PLC - Reviewed interim results for the six months ended 31 March 2020

Reviewed interim results for the six months ended 31 March 2020

Tharisa plc
(Incorporated in the Republic of Cyprus with limited liability)
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
A2X share code: THA
ISIN: CY0103562118
LEI: 213800WW4YWMVVZIJM90
('Tharisa' or the 'Company')

Reviewed interim results for the six months ended 31 March 2020

Tharisa, an integrated resources group incorporating exploration, mining, processing, beneficiation,
marketing, sales and logistics of platinum group metals (‘PGMs’) and chrome concentrates, which
owns and operates the large scale open pit Tharisa Minerals PGM and chrome mine situated in the
North West province of South Africa, has released its interim results for the six months ended
31 March 2020.

REEF MINED                           PGM PRODUCTION                   CHROME CONCENTRATE
2.27 Mt                              5PGE+Au                          PRODUCTION
up 2.3%                              66.5 koz                         652.6 kt
(2019: 2.22 Mt)                      down 1.6%                        up 6.3%
                                     (2019: 67.6 koz)                 (2019: 614.1 kt)

REVENUE                              OPERATING PROFIT                 PROFIT BEFORE TAX
US$194.6 m                           US$22.3 m                        US$17.5 m
up 16.9%                             up 55.9%                         up 71.6%
(2019: US$166.5 m)                   (2019: US$14.3 m)                (2019: US$10.2 m)

EBITDA                               BASIC AND HEADLINE
US$36.2 m                            EARNINGS PER SHARE
Up 20.3 %                            US 3.6 c and US 3.7 c
(2019: US$30.1 m)                    HEPS down 7.5%
                                     (2019: US 3.6 c and US 4.0 c)


This short form announcement is the responsibility of the directors and is only a summary of the
information in the full announcement. The full announcement was released on SENS and RNS on
21 May 2020, and can be found on the Company’s website at www.tharisa.com and can also be
viewed here, https://senspdf.jse.co.za/documents/2020/jse/isse/THA/H1results.pdf. Copies of the
announcement may also be requested at the Company’s registered office, at no charge, during office
hours.

Any investment decision should be based on the full announcement published on SENS and RNS.

By order of the Board

Paphos, Cyprus
21 May 2020

DIRECTORS
Loucas Pouroulis (Executive Chairman)
Phoevos Pouroulis (Chief Executive Officer)
Michael Jones (Chief Finance Officer)
David Salter (Lead independent non-executive director)
Antonios Djakouris (Independent non-executive director)
Omar Kamal (Independent non-executive director)
Carol Bell (Independent non-executive director)
Roger Davey (Independent non-executive director)
Julia Zhengzhi Hu (Non-executive director)
Zhong Liang Hong (Non-executive director)

REGISTERED ADDRESS
Office 108 – 110, S. Pittokopitis Business Centre
17 Neophytou Nicolaides and Kilkis Streets
8011 Paphos, Cyprus
www.tharisa.com

GROUP COMPANY SECRETARY
Sanet Findlay
The Crossing, 372 Main Road
Bryanston, Johannesburg 2021
South Africa
Email: secretarial@tharisa.com

ASSISTANT COMPANY SECRETARY
Lysandros Lysandrides
26 Vyronos Avenue
1096 Nicosia
Cyprus

TRANSFER SECRETARIES
Computershare Investor Services Proprietary Limited, Cymain Registrars Limited

JSE SPONSOR
Investec Bank Limited

Investor relations contact:
Ilja Graulich (Head of Investor Relations and Communications)
+27 11 996 3500
+27 83 604 0820
igraulich@tharisa.com

Financial PR contacts:
Bobby Morse / James Husband
+44 020 7466 5000
tharisa@buchanan.uk.com

Broker contacts:
Peel Hunt LLP (UK Joint Broker)
Ross Allister / David McKeown
+44 207 7418 8900

BMO Capital Markets Limited (UK Joint Broker)
Thomas Rider / Neil Elliot / Michael Rechsteiner
+44 020 7236 1010

Berenberg (UK Joint Broker)
Matthew Armitt / Jennifer Wyllie / Detlir Elezi
+44 20 3207 7800

Nedbank Limited (acting through its Corporate and Investment Banking division) (RSA Broker)
Shabbir Norath
+27 11 295 6575

Date: 21-05-2020 07:05:00
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