Tax implications of the dividend 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') Tax implications of the dividend Further to the announcement made on 11 January 2018, shareholders are advised that the dividend declared will be paid out of income reserves and may therefore be subject to dividend withholding tax depending on the tax residency of the shareholder. South African tax residents South African shareholders are advised that the dividend constitutes a foreign dividend. For individual South African tax resident shareholders, dividend withholding tax of 20% will be applied to the gross dividend of 68.2115 South African cents per share. Therefore, the net dividend of 54.5692 South African cents per share will be paid after 13.6423 South African cents in terms of dividend withholding tax has been applied. Shareholders who are South African tax resident companies are exempt from dividend tax and will receive the dividend of 68.2115 South African cents per share. This does not constitute legal or tax advice and is based on taxation law and practice in South Africa. Shareholders should consult their brokers, financial and/or tax advisors with regard to how they will be impacted by the payment of the dividend. UK tax residents UK tax residents are advised that the dividend constitutes a foreign dividend and that they should consult their brokers, financial and/or tax advisors with regard to how they will be impacted by the payment of the dividend. Cyprus tax residents Individual Cyprus tax residents are advised that the dividend constitutes a local dividend and that they should consult their brokers, financial and/or tax advisors with regard to how they will be impacted by the payment of the dividend. Shareholders and Depositary Interest holders should note that information provided should not be regarded as tax advice. Paphos, Cyprus 23 January 2018 JSE Sponsor Investec Bank Limited Investor Relations contact: Tharisa plc Sherilee Lakmidas +27 11 996 3538 +27 79 276 2529 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 contacts: Bobby Morse/Anna Michniewicz +44(0) 20 7466 5000 tharisa@buchanan.uk.com Date: 23/01/2018 11:00:00 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.