Trading statement – results for the year ended 30 September 2020 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') Trading statement – results for the year ended 30 September 2020 In terms of section 3.4(b) of the JSE Listings Requirements, companies are required to provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that the financial results for the current reporting period will differ by at least 20% from the results of the previous corresponding reporting period. A production update for the financial year ended 30 September 2020 was released on the JSE Stock Exchange News Service and LSE Regulatory News Service on 8 October 2020. The production report highlighted operational improvements on all measured metrics and noted the higher PGM basket price and stable chrome concentrate prices received by Tharisa for the year under review. Tharisa is preparing its financial statements for FY2020, with the financial results expected to be released on or about 30 November 2020. Tharisa’s basic earnings per share ('EPS') and headline earnings per share ('HEPS') for the twelve months ended 30 September 2020 are expected to be between US$ 16 cents and US$ 17 cents per share with a tolerance of 10%. This is an increase of 300% to 325% relative to the EPS and HEPS of US$ 4 cents per share for the financial year ended 30 September 2019. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s auditors. Paphos, Cyprus 24 November 2020 JSE Sponsor Investec Bank Limited Connect with us on LinkedIn and Twitter 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 firstname.lastname@example.org Financial PR contacts: Bobby Morse / Augustine Chipungu / James Husband +44 207 466 5000 email@example.com Broker contacts: Peel Hunt LLP (UK Joint Broker) Ross Allister / David McKeown / Alexander Allen +44 207 7418 8900 BMO Capital Markets Limited (UK Joint Broker) Thomas Rider / Neil Elliot / Michael Rechsteiner +44 207 236 1010 Berenberg (UK Joint Broker) Matthew Armitt / Jennifer Wyllie / Detlir Elezi +44 203 207 7800 Nedbank Limited (acting through its Corporate and Investment Banking division) (RSA Broker) Shabbir Norath +27 11 295 6575 Date: 24-11-2020 07:05:00 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.