TONGAAT HULETT LIMITED - Results of General Meeting

Results of General Meeting

Tongaat Hulett Limited
(Registration number 1892/000610/06)
Share code: TON
ISIN ZAE000096541
(“THL”)

Results of General Meeting

Shareholders (“THL Shareholders”) are referred to the announcement on 30 September 2020 in
respect of the general meeting (the “General Meeting”) convened to seek THL Shareholder approval
for the resolutions required for THL and its wholly owned subsidiary, Format Development Corporation
Limited (collectively, the “Sellers”) to implement the disposal of the shares and shareholder claims in
Tambankulu Estates Proprietary Limited to the Eswatini Public Service Pensions Fund (the
“Transaction”).

1.    Results of General Meeting

      THL Shareholders are advised that in the General Meeting held today, 28 October 2020, all
      resolutions tabled were passed by the requisite majority of votes exercised by THL Shareholders.

      Details of the results of voting at the General Meeting are as follows:

      •    Total number of THL ordinary shares in issue on the date of the General Meeting:
           135,112,506
      •    Total number of issued THL ordinary shares represented in the General Meeting:
           103,757,376 (which represents 76.79% of THL’s total issued ordinary shares).

                                                                                         Abstentions
                                          Voted for           Voted against       (% of total shares in
       Resolutions               (% of shares voted)      (% of shares voted)                    issue)
       Ordinary Resolution              103,483,192                    100,083                 174,101
       Number 1: Approval
       of the Transaction, as               (99.90%)                  (0.10%)                 (0.13%)
       required by and in
       terms of the JSE
       Listings Requirements
       Ordinary Resolution               103,483,993                  100,083                 173,300
       Number 2: Directors’
       and Company                          (99.90%)                  (0.10%)                 (0.13%)
       Secretary’s Authority

2.    Suspensive Conditions

      The Transaction remains subject to the fulfilment, or waiver (to the extent permissible), of the
      remaining suspensive conditions by 31 December 2020 (or such later date/s as THL may in its
      sole discretion elect) being that the parties obtain all regulatory consents or approvals required
      for the implementation of the Transaction, including the approval of the Eswatini Competition
      Commission in terms of the Eswatini Competition Act No.8 of 2007.

The closing date of the Transaction is expected to be 1 December 2020.


Tongaat
28 October 2020

Financial Advisor to THL
PricewaterhouseCoopers Corporate Finance Proprietary Limited

Legal Advisor to THL
Bowmans

Sponsor to THL
Investec Bank Limited

Date: 28-10-2020 12:39:00
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