Extension of the posting of the Tambankulu disposal circular Tongaat Hulett Limited (Incorporated in the Republic of South Africa) Registration number 1892/000610/06 JSE Share Code: TON ISIN: ZAE000096541 ("THL" or the "Company") EXTENSION OF THE POSTING OF THE TAMBANKULU DISPOSAL CIRCULAR Shareholders of THL ("THL Shareholders") are referred to the terms announcement dated 17 June 2020 (the “Terms Announcement”), where THL advised THL Shareholders that it had entered into a share purchase agreement with Eswatini’s Public Service Pensions Fund (the “Purchaser”), whereby THL, together with its wholly owned subsidiary, Format Development Corporation Limited will dispose of their shares and shareholder claims in Tambankulu Estates Proprietary Limited to the Purchaser (the “Transaction”). THL Shareholders were also advised that a circular setting out the full details of the Transaction (the “Circular”) is in the course of preparation and will be distributed to THL Shareholders within 60 business days of the Terms Announcement. THL Shareholders are now advised that, as a result of the impact of the Covid-19 pandemic and the practicalities surrounding the financial reports required for the Circular, the JSE Limited has granted THL a two month extension to the 60-day rule contained in paragraph 9.20(b) of the JSE Listings Requirements for the posting date of the Circular. THL anticipates that the Circular, incorporating a notice convening a General Meeting of THL Shareholders at which THL Shareholders will be requested to vote on the relevant resolutions, will be distributed to THL Shareholders by no later than 14 October 2020. THL will of course endeavour to distribute the Circular as soon as reasonably possible. 10 July 2020 Financial Advisor to THL PricewaterhouseCoopers Corporate Finance Proprietary Limited Legal Advisor to THL Bowmans Sponsor to THL Investec Date: 10-07-2020 01:55:00 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.