Enhanced Investments - Financial Portal

Changes to the board

Published: 2022-10-19 10:03:24 ET

TONGAAT HULETT LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1892/000610/06
Share code: TON
ISIN ZAE000096541
(“Tongaat Hulett” or “Company”)


CHANGES TO THE BOARD


In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements, the board of
directors of the Company (“Board”) wishes to advise shareholders that Mr Jean Nel has notified
the Board of his resignation as a non-executive director and as a member of the Audit and Risk
Committee of the Company, with effect from 17 October 2022.

Mr Nel previously indicated to the Board that he would step down as a director in the future, but
that he would first assist and see through the finalisation and approval of the Capital
Restructuring Plan, which was approved by the Board on 14 October 2022.

The Board wishes to thank Mr Nel for his support and the invaluable guidance provided during
the past three years.

The Board has commenced a process of identifying a suitable replacement and shareholders
will be advised as soon as such appointment has been made.


Tongaat
19 October 2022

Sponsor:
PSG Capital

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.