TRANSNET SOC LIMITED - BITRA - Establishment of Transnet National Ports Authority as an independent subsidiary of Transnet

BITRA - Establishment of Transnet National Ports Authority as an independent subsidiary of Transnet

Transnet SOC Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1990/000900/30)
Issuer Bond Code: BITRA
(“Transnet”, “the Company” or the “Issuer”)


ESTABLISHMENT OF TRANSNET NATIONAL PORTS AUTHORITY (TNPA) AS AN INDEPENDENT
SUBSIDIARY OF TRANSNET


Transnet Noteholders are informed that on 22 June 2021 President Cyril Ramaphosa announced the
establishment of the TNPA as a subsidiary of Transnet, with its own board.

The creation of this subsidiary is part of the port reforms to drive competitiveness of our logistics system
as well as operational inefficiencies. The objective isa clear separation between the roles of the
infrastructure owner - TNPA, and the terminal operator - Transnet Port Terminals, both 100 percent
owned by Transnet.

Transnet will remain the sole shareholder of the subsidiary, and the strength of the Group’s financial
position remains the basis for Transnet Group’s fundraising.

Transnet will communicate details on implementation as the process unfolds.

About Transnet National Ports Authority:
Transnet National Ports Authority (National Ports Authority), as prescribed in the National Ports Act, No
12 of 2005 (the Ports Act), was created as a landlord port authority responsible for the safe, efficient
and effective functioning of South Africa’s ports system.
Section 11 of the Ports Act prescribes the core functions of the National Ports Authority as follows:
•       To plan, provide, maintain and improve port infrastructure;
•       To promote the use, improvement and development of ports and control land use within the
        ports, having the power to lease port land under conditions that it determines;
•       To promote greater representativity and, in particular, to increase participation in port
        operations by historically disadvantaged people;
•       To provide or arrange marine-related services i.e. pilotage services, tug assistance, berthing
        services, dredging and hydrographic services;
•       To ensure that adequate, affordable and efficient port services and facilities are provided,
        including regulatory oversight over all port activities; and
•       To provide aids to navigation to assist the navigation of vessels within port limits and along
        the coast.

Transnet National Ports Authority occupies a strategic position in the country’s transport logistics sys,
managing South Africa’s eight commercial seaports i.e. Saldanha, Cape Town, Mossel Bay, Port
Elizabeth, Ngqura, East London, Durban and Richards Bay. The ninth port, Port Nolloth, does not
handle any commercial cargo and is in its entirety leased to De Beers Consolidated Diamond Mines.

Johannesburg
25 June 2021

JSE Debt Sponsor
Absa Corporate and Investment Bank (a division of Absa Bank Limited)

Date: 25-06-2021 05:40:00
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