Wrap Text
TR-1: Standard form for notification of major holdings
Tharisa plc
(Incorporated in the Republic of Cyprus with limited liability)
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
A2X share code: THA
ISIN: CY0103562118
LEI: 213800WW4YWMVVZIJM90
('Tharisa' or the 'Company' or 'Group')
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the underlying issuer of Tharisa plc
existing shares to which voting rights are attached (ii):
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer x
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights x
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) (iii):
3. Details of person subject to the notification obligation (iv)
Name Rance Holdings Limited
City and country of registered office (if applicable) British Virgin Islands
4. Full name of shareholder(s) (if different from 3.) (v)
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached (vi): 23 January 2026
6. Date on which issuer notified (DD/MM/YYYY): 27 January 2026
7. Total positions of person(s) subject to the notification obligation
% of voting rights Total number of
% of voting rights through financial Total of both in % voting rights
attached to shares instruments (8.A + 8.B) held in issuer
(total of 8. A) (total of 8.B 1 + (8.A + 8.B) (vii)
8.B 2)
Resulting situation
on the date on which 9.4597% 0% 9.4597% 27,726,509
threshold was
crossed or reached
Position of previous
notification (if
applicable)
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
(viii)
A: Voting rights attached to shares
Class/type of Number of voting rights (ix) % of voting rights
shares
Direct Indirect Direct Indirect
ISIN code (if (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
possible)
Ordinary shares 27,726,509 9.4597%
SUBTOTAL 8. A 27,726,509 9.4597%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Number of voting
rights that may be
Type of Expirati Exercise/ acquired if the % of
financial on Conversion instrument is voting
instrument date (x) Period (xi) exercised/converted. rights
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of Exercise/ Physical or cash % of
Expiration Number of voting
financial Conversion voting
date (x) Settlement (xii) rights
instrument Period (xi) rights
SUBTOTAL 8.B.2
9. Information in relation to the person subject to the notification obligation (please mark the applicable
box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity
and does not control any other undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer (xiii)
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or X
legal entity (please add additional rows as necessary) (xiv)
% of voting rights Total of both if it
% of voting rights if it through financial equals or is
Name xv equals or is higher instruments if it equals higher than the
than the notifiable or is higher than the notifiable
threshold notifiable threshold threshold
CTF Services Limited 9.4597% 0.00% 9.4597%
CTFS Management Limited 9.4597% 0.00% 9.4597%
CTF Financial Holdings Limited 9.4597% 0.00% 9.4597%
NWS Financial Management 9.4597% 0.00% 9.4597%
Services Limited
Rance Holdings Limited 9.4597% 0.00% 9.4597%
10. In case of proxy voting, please identify:
Name of the proxy holder N/A
The number and % of voting rights held N/A
The date until which the voting rights will be held N/A
11. Additional information (xvi)
Place of completion Hong Kong
Date of completion 28 January 2026
Paphos, Cyprus
29 January 2026
JSE Sponsor
Investec Bank Limited
Connect with us on LinkedIn to get further news and updates about our business.
Investor Relations Contacts:
Ilja Graulich (Head of Investor Relations and Communications)
+27 11 996 3500
+27 83 604 0820
igraulich@tharisa.com
Broker Contacts:
Peel Hunt LLP (UK Joint Broker)
Ross Allister / Georgia Langoulant
+44 207 418 8900
BMO Capital Markets Limited (UK Joint Broker)
Thomas Rider / Nick Macann
+44 207 236 1010
Berenberg (UK Joint Broker)
Matthew Armitt / Jennifer Lee / Detlir Elezi
+44 203 207 7800
About Tharisa – delivering on expansion and growth opportunities, commercialising technology
solutions
Tharisa is an integrated resource group playing a pivotal role in the global energy transition and the
decarbonisation of economies. Leveraging innovation and technology, Tharisa covers the entire value
chain – exploration, mining, processing, beneficiation, marketing, sales, and logistics – for PGMs and
chrome concentrates. The low cost, multigenerational Tharisa Mine is located on the southwestern
limb of the Bushveld Complex, South Africa, the largest source of PGMs and chrome globally.
Development of the Karo Platinum Project, a tier-one PGM project on Zimbabwe's Great Dyke, further
reinforces Tharisa's growth strategy. Investments in downstream beneficiation, including proven
chrome and PGM alloy production, will add significant value when commercialised. Tharisa is
committed to reducing carbon emissions by 30% by 2030 and the sustainability roadmap targets net
carbon neutrality by 2050. Through Redox One, Tharisa is advancing proprietary iron-chromium redox
flow battery technology, utilising the very commodities it mines to support long-duration energy
storage – a key component in the transition to renewable energy.
Tharisa plc is listed on the Johannesburg Stock Exchange (JSE: THA) and the London Stock Exchange
(LSE: THS, Equity Shares (Transition) Category).
Paphos, Cyprus
29 January 2026
JSE Sponsor
Investec Bank Limited
Connect with us on LinkedIn to get further news and updates about our business.
Investor Relations Contacts:
Ilja Graulich (Head of Investor Relations and Communications)
+27 11 996 3500
+27 83 604 0820
igraulich@tharisa.com
Broker Contacts:
Peel Hunt LLP (UK Joint Broker)
Ross Allister / Georgia Langoulant
+44 207 418 8900
BMO Capital Markets Limited (UK Joint Broker)
Thomas Rider / Nick Macann
+44 207 236 1010
Berenberg (UK Joint Broker)
Matthew Armitt / Jennifer Lee / Detlir Elezi
+44 203 207 7800
About Tharisa – delivering on expansion and growth opportunities, commercialising technology
solutions
Tharisa is an integrated resource group playing a pivotal role in the global energy transition and the
decarbonisation of economies. Leveraging innovation and technology, Tharisa covers the entire value
chain – exploration, mining, processing, beneficiation, marketing, sales, and logistics – for PGMs and
chrome concentrates. The low cost, multigenerational Tharisa Mine is located on the southwestern
limb of the Bushveld Complex, South Africa, the largest source of PGMs and chrome globally.
Development of the Karo Platinum Project, a tier-one PGM project on Zimbabwe's Great Dyke, further
reinforces Tharisa's growth strategy. Investments in downstream beneficiation, including proven
chrome and PGM alloy production, will add significant value when commercialised. Tharisa is
committed to reducing carbon emissions by 30% by 2030 and the sustainability roadmap targets net
carbon neutrality by 2050. Through Redox One, Tharisa is advancing proprietary iron-chromium redox
flow battery technology, utilising the very commodities it mines to support long-duration energy
storage – a key component in the transition to renewable energy.
Tharisa plc is listed on the Johannesburg Stock Exchange (JSE: THA) and the London Stock Exchange
(LSE: THS, Equity Shares (Transition) Category).
Date: 29-01-2026 10:00:00
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