Results of General Meeting Tongaat Hulett Limited (Registration number 1892/000610/06) Share code: TON ISIN ZAE000096541 (“THL”) or (the “Company”) RESULTS OF GENERAL MEETING 1. INTRODUCTION Shareholders of THL (“THL Shareholders”) are referred to the SENS announcement and circular (the “Circular”) released on 15 December 2021. The Circular convened a general meeting (the “General Meeting”) seeking THL Shareholder approval for the resolutions required to be passed in respect of the proposed equity capital raise by way of a rights offer (the “Rights Offer”) and the transaction recorded in an underwriting, subscription and relationship agreement entered into with Magister Investments Limited (“Magister”). In that agreement, inter alia: - Magister committed up to R2 billion to partially underwrite the Rights Offer (the “Underwrite”); and - THL and Magister agreed to certain arrangements regulating their relationship after implementation of the Rights Offer and the Underwrite as more fully set out in the Circular, subject to the fulfilment or waiver of certain conditions precedent. 2. RESULTS OF GENERAL MEETING THL Shareholders are advised that in at the General Meeting held today, 18 January 2022, all resolutions tabled were passed by the requisite majority of votes exercised by THL Shareholders. Details of the results of voting at the General Meeting are as follows: - Total number of THL ordinary shares in issue on the date of the General Meeting: 135,112,506; - Total number of issued THL ordinary shares voted in the General Meeting: 80 045 647 (which represents 59% of THL’s total issued ordinary shares). Voted for (% of total Voted against Abstentions votes (% of total votes (% of total shares Resolutions exercised) exercised) in issue) Special Resolution Number 1: 63 613 874 15 986 856 444 917 Conversion of the authorised ordinary shares (79.92%) (20.08%) (0.33%) (whether issued or unissued) from par value to no par value shares Special Resolution Number 2: 63 137 096 16 508 590 399 961 Increase of authorised shares by the creation of (79.27%) (20.73%) (0.30%) additional ordinary shares Special Resolution Number 3: 63 223 803 16 388 469 433 375 Approval of amendments to the memorandum of incorporation of (79.41%) (20.59%) (0.32%) the Company Special Resolution Number 4: 63 213 105 16 611 483 221 059 Authorisation to issue ordinary shares with voting power equaling (79.19%) (20.81%) (0.16%) or exceeding 30% (thirty percent) of the voting power of existing ordinary shares Ordinary Resolution Number 1: 56 463 289 16 577 959 7 004 399 Waiver of THL Shareholders’ entitlement to a mandatory offer (77.30%) (22.70%) (5.18%) Ordinary Resolution Number 2: 44 589 811 16 446 825 19 009 011 Election of Hamish Rudland as a director (73.05%) (26.95%) (14.07%) Ordinary Resolution Number 3: 63 207 719 16 553 757 284 171 Authorisation to implement (79.25%) (20.75%) (0.21%) 3. CONDITIONS PRECEDENT The Rights Offer and the transaction with Magister remain subject to the fulfilment, or waiver (to the extent permissible), of the remaining conditions precedent set out in the Circular. 4. THL RESPONSIBILITY STATEMENT The THL directors collectively and individually accept full responsibility for the accuracy of the information contained in this announcement, and confirm that, to the best of their knowledge and belief, there are no facts which have been omitted which would make any statement in this announcement false or misleading, and that all reasonable enquiries to ascertain such facts have been made. Tongaat 18 January 2022 Financial Advisors to THL Rothschild & Co South Africa Proprietary Limited PricewaterhouseCoopers Corporate Finance Proprietary Limited Transaction Sponsor to THL PricewaterhouseCoopers Corporate Finance Proprietary Limited Legal Advisor to THL Bowman Gilfillan Inc. Legal Advisor to Magister Fluxmans Inc. Date: 18-01-2022 03:40:00 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.