TONGAAT HULETT LIMITED - Notice to shareholders regarding the extension of the post-commencement finance facility

Notice to shareholders regarding the extension of the post-commencement finance facility

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


     NOTICE TO SHAREHOLDERS REGARDING THE EXTENSION OF THE POST-
                    COMMENCEMENT FINANCE FACILITY

Shareholders are advised that the Business Rescue Practitioners of the Company (the
“BRPs”) have, on 5 October 2026, delivered a notice to all known affected persons of the
Company, as defined in section 128(1)(a) of the Companies Act 71 of 2008, in relation to the
post-commencement finance facility made available to the Company by the Industrial
Development Corporation of South Africa Limited (the “IDC”) in terms of the Post-
Commencement Finance Facility Agreement concluded between the IDC, the Company and
the BRPs (the “PCF Agreement”).

In terms of the PCF Agreement, affected persons were advised that:

•   the facility made available in terms of the PCF Agreement continues to be available until
    30 November 2026;

•   the Final Repayment Date under the PCF Agreement has similarly been extended to 30
    November 2026;

•   the Commitment under the PCF Agreement of R2.5 billion remains secured under the
    security executed by the Company in favour of the IDC, which security remains of full force
    and effect; and

•   the Facility Outstandings must be discharged in full or, at the discretion of the IDC, be
    restructured into a term loan on terms and conditions to the IDC’s satisfaction, before any
    sale and transfer by the Company of its business and assets as a going concern in
    accordance with the Business Rescue Plan.

Save as set out above, all other terms and conditions of the PCF Agreement remain
unchanged and of full force and effect.

The notice to affected persons is available on the Company’s website, under the ‘Business
Rescue’ tab, and accessible to shareholders via the link: https://www.tongaat.com/business-
rescue/.

09 October 2026

Sponsor
PSG Capital
Date: 12/10/2026 07:05:00
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