Trading statement Tharisa plc (Incorporated in the Republic of Cyprus with limited liability) (Registration number HE223412) JSE share code: THA LSE share code: THS ISIN: CY0103562118 (Tharisa or the Company) Trading statement In terms of section 3.4(b) of the JSE Listings Requirements, companies are required to provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that the financial results for the current reporting period will differ by at least 20% from the results of the previous corresponding reporting period. Tharisa is currently preparing its financial statements for the financial year ended 30 September 2017, with the financial results expected to be released on or about 30 November 2017. Shareholders are advised that with the solid operational performance and the increase in the chrome concentrate price, Tharisa’s basic earnings per share (EPS) and headline earnings per share (HEPS) for the year ended 30 September 2017 are expected to be between US$ 21 cents per share and US$ 23 cents per share compared to the EPS of US$ 5 cents per share and HEPS of US$ 6 cents per share for the year ended 30 September 2016. “While the PGM basket price remained relatively flat year on year the realised average chrome concentrate price increased to US$200 per tonne for the financial year, this combined with record annual PGM and chrome production, resulted in the increase in the earnings of the Company,” said Phoevos Pouroulis, Chief Executive of Tharisa. A production update for the fourth quarter of the financial year ended 30 September 2017 was released on the JSE News Service and LSE Regulatory News Service on 10 October 2017. Production guidance for the financial year ending 30 September 2018 is 150 koz of contained platinum group metals (on a 6E basis) and 1.4 Mt of chrome concentrates of which 350 kt will be specialty grade chrome concentrates. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s auditors. Paphos, Cyprus 14 November 2017 JSE Sponsor Investec Bank Limited Investor Relations contact: Tharisa plc Sherilee Lakmidas +27 11 996 3538 slakmidas@tharisa.com Broker contacts: Peel Hunt LLP (Joint Broker) Ross Allister/ Chris Burrows +44 207 7418 8900 BMO Capital Markets Limited (Joint Broker) Jeffrey Couch/Neil Haycock/Thomas Rider +44 020 7236 1010 Financial PR contact: Buchanan Bobby Morse/Anna Michniewicz +44 20 7466 5000 tharisa@buchanan.uk.com Date: 14/11/2017 09:00:00 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.