THARISA PLC - Tharisa Mine concludes 4-year wage agreement

Tharisa Mine concludes 4-year wage agreement

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')

Tharisa Mine concludes 4-year wage agreement

Shareholders are advised that a market related four-year Collective Agreement on Substantive Terms and
Conditions of Employment has been concluded with the main unions represented at the Tharisa Mine,
namely the Association of Mineworkers and Construction Union (AMCU), the National Union of
Mineworkers (NUM) and Solidarity.

The agreement is effective from 1 July 2020 until 30 June 2024, and applies to employees who are subject
to the bargaining units at the Tharisa Mine.

Wage negotiations were mutually postponed earlier in the year during the height of the COVID-19
pandemic and subsequently concluded.

The agreement underpins the ongoing stability of Tharisa’s labour relations and allows the Tharisa Mine
to focus on growing the business for the benefit of all stakeholders.

Paphos, Cyprus

21 December 2020
JSE Sponsor
Investec Bank Limited

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Investor relations contacts:
Ilja Graulich (Head of Investor Relations and Communications)
+27 11 996 3500
+27 83 604 0820
igraulich@tharisa.com

Financial PR contacts:
Bobby Morse / Augustine Chipungu / James Husband
+44 207 466 5000
tharisa@buchanan.uk.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
+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: 21-12-2020 10:00:00
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