Withdrawal of circular for the sale of property by wholly owned subsidiary Tongaat Hulett Limited (Registration number 1892/000610/06) Share code: TON ISIN ZAE000096541 (“Tongaat Hulett” or “the Company”) WITHDRAWAL OF CIRCULAR FOR THE SALE OF PROPERTY BY WHOLLY OWNED SUBSIDIARY Shareholders are referred to the announcement released on SENS on Friday, 21 February 2020 whereby it was advised that the Tongaat Hulett Developments (Pty) Ltd (“THD”), a wholly owned subsidiary of the Company has concluded a Sale Agreement, with Balwin Properties Limited in terms of which THD has agreed to sell Portion 3 & 4 of Erf 3465 Umhlanga Rocks; Portion 6 of ERF 3465 Umhlanga Rocks, Remainder of Erf 3434 Umhlanga Rocks, Remainder of Erf 3465 and 3457 Umhlanga Rocks, measuring 64 hectares in extent, for a total purchase price of R167,264,956.96 (the “Transaction”). The Transaction was categorised as a category 1 transaction (based on the Company’s market capitalisation on Tuesday, 18 February 2020) in terms of the JSE Listings Requirements and the announcement advised that shareholder approval will be required. As a result of the nature of the Transaction and the principal business activities undertaken by THD, being sales of properties in the ordinary course of business, shareholders are further advised that Tongaat requested the JSE Limited to take into account other ratios or use other relevant indicators of size to determine the categorisation of the Transaction. We wish to inform shareholders that in terms of paragraph 9.7 of the JSE Listings Requirements, shareholder approval is no longer required for the Transaction and a circular will no longer be published. Tongaat 1 April 2020 Sponsor Investec Bank Limited Date: 01-04-2020 12:31:00 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.