TONGAAT HULETT LIMITED - Notice to shareholders in terms of section 143 of the Companies Act 71 of 2008

Notice to shareholders in terms of section 143 of the Companies Act 71 of 2008

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

NOTICE TO SHAREHOLDERS IN TERMS OF SECTION 143 OF THE COMPANIES ACT 71
OF 2008 (“COMPANIES ACT”) – MEETING OF SHAREHOLDERS OF THE COMPANY TO
BE CONVENED FOR THE PURPOSE OF PROCURING A VOTE FROM SHAREHOLDERS
IN TERMS OF SECTION 143(3)(b) OF THE COMPANIES ACT

Shareholders are referred to the SENS announcement released on Thursday,
27 October 2022 wherein the Company advised that it had commenced voluntary business
rescue proceedings.

Notice is hereby given to the shareholders of the Company pursuant to the provisions of
section 143(3) of the Companies Act that a virtual meeting of shareholders will be convened
for the purpose of procuring a vote in terms of section 143(3)(b) of the Companies Act.

Section 143(3) of the Companies Act permits a business rescue practitioner, in agreement
with the company in business rescue, to conclude a fee agreement, if the requisite majority
support is obtained from the creditors and shareholders of such company.

Due to the considerable number of shareholders of the Company and the logistics associated
with holding a shareholder meeting in person and requiring shareholders to travel to one
location to attend same, this meeting of shareholders in respect of the remuneration of the
business rescue practitioners of the Company will be convened virtually at 11h00 on Friday,
9 December 2022.

Accordingly, shareholders are advised that a notice in terms of section 143 of the Companies
Act, including the details of the virtual meeting to be convened for the purposes of procuring
a vote from shareholders of the Company in terms of section 143(3)(b), has been circulated
and is available to view on the Company website, under the Business Rescue tab at:
www.tongaat.com.

Tongaat
5 December 2022

Sponsor:
PSG Capital

Date: 05-12-2022 05:19:00
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