Press Release - Tongaat Hulett to release prime land in Umhlanga Ridge Tongaat Hulett Limited Registration number 1892/000610/06 Share code: TON ISIN ZAE000096541 PRESS RELEASE - TONGAAT HULETT TO RELEASE PRIME LAND IN UMHLANGA RIDGE FOR R12 BILLION REAL ESTATE INVESTMENT Tongaat Hulett will release 42 of the remaining 62 hectares of Ridgeside, its iconic development on Umhlanga Ridge, to the market as a single transaction in the first quarter of 2014. Located on the prime sea-facing slopes of Umhlanga Ridge, Durban’s first choice office location and one of the leading property investment opportunities available, the site is fully zoned to accommodate 485 000 square metres of mixed use floor area comprising 83 817 square metres of commercial space (offices, retail and other commercial uses) and 3 158 residential units (including hotel and other leisure uses). Durban has been constrained relative to other major centres in prime real estate investment during recent years and the strategy is to accelerate the pace of development in collaboration with other role players. “The transaction will allow a single investor or consortium to assemble a real estate asset base in the most sought after location in KwaZulu-Natal that will on completion, exceed R12 billion”, says Mike Deighton the Tongaat Hulett property executive. Since the commencement of land conversion on Umhlanga Ridge seventeen years ago, the node has attracted over R50 billion in real estate investment, while currently 164 000 square metres of development, representing more than R3,6 billion investment value is under construction. Tongaat Hulett CEO, Peter Staude concludes, “The timing is right for this mega property transaction initiative to be undertaken, in order to maximise investment and further increase the pace of development in the region, building on the investment platform already created.” Amanzimnyama Tongaat, KwaZulu-Natal 4 December 2013 Sponsor: Investec Bank Ltd ENDS Issued by: Tongaat Hulett Michelle Jean-Louis Communication Executive Telephone: 083 386 3846 Date: 04/12/2013 11:11:00 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.