Trading Statement for the year ended 31 March 2018 Tongaat Hulett Limited Registration number 1892/000610/06 Share code: TON ISIN ZAE000096541 TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2018 The following trading statement is issued for the year ended 31 March 2018. A reasonable degree of certainty exists that Tongaat Hulett’s operating profit is expected to be at least 15% below the R2,333 billion earned in the year ended 31 March 2017. The South African sugar operations experienced higher than anticipated import volumes into the local market as a result of inadequate duty protection that prevailed for a period. The displaced locally produced sugar was exported in the latter part of the year and was impacted by lower world prices and a stronger currency. Headline earnings for the year ended 31 March 2018 are expected to reflect a decrease of at least 30% compared to the R982 million reported for the year ended 31 March 2017. Consequently, earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the year ended 31 March 2018 are both expected to be below 597 cents per share, a reduction of at least 30%, compared to EPS of 854 cents per share and HEPS of 853 cents per share reported for the year ended 31 March 2017. This trading statement is issued in accordance with paragraph 3.4(b) of the JSE Listings Requirements. The above information has not been reviewed or reported on by Tongaat Hulett’s auditors. A detailed trading statement will be released in due course. The audited results for the year ended 31 March 2018 are scheduled for release on Monday, 28 May 2018. Tongaat 26 April 2018 Sponsor Investec Bank Limited Date: 26/04/2018 03:10:00 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.