THARISA PLC - Impact of section 54 instruction issued by the South African Department of Mineral Resources

Impact of section 54 instruction issued by the South African Department of Mineral Resources

Tharisa plc
(Incorporated in the Republic of Cyprus with limited liability)
(Registration number HE223412)
JSE share code: THA
ISIN: CY0103562118
(“Tharisa”)



 Impact of section 54 instruction issued by the South African Department of Mineral
 Resources on production at the Tharisa Mine

 Shareholders of Tharisa are advised that on 23 October 2015 operations at the Tharisa
 Mine were suspended following the issuing of a section 54 instruction by the Mine Health
 and Safety Inspectorate (“MHSI”) of the South African Department of Mineral Resources
 requiring that the operation of all trackless mobile machinery be stopped at the Tharisa
 Mine, thereby halting all mining and production. The instruction by the MHSI was issued
 following an investigation into the circumstances pertaining to an accident between a haul
 truck and another vehicle that occurred on a haul road in the open pit resulting in a minor
 Medical Treatment Case. The MHSI required amongst other things, that the key control
 procedures be reviewed and standard operating procedures pertaining to key controls be
 amended. In addition, all operators and supervisors were required to be retrained on the
 reviewed key control procedures.

 The Tharisa Mine addressed the matters raised in the section 54 instruction, which was
 uplifted on 30 October 2015, allowing operations to recommence.

 As a consequence of the section 54 instruction following the fatality on 28 September 2015
 and the aforementioned section 54 instruction, 27 production shifts were lost representing
 30% of the production shifts for October 2015.

 Tharisa remains committed to striving for zero harm at its operations and to addressing any
 health and safety shortcomings.

 Paphos, Cyprus
 2 November 2015

 Sponsor
 Investec Bank Limited

Date: 02/11/2015 01:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.