Tongaat Hulett Limited (JSE:TON) News - Receipt of notice of intention to seek a review of the Takeover Regulation Panel ("TRP") exemption ruling Tongaat Hulett Limited (Registration number 1892/000610/06) Share code: TON ISIN ZAE000096541 (“THL”) RECEIPT OF NOTICE OF INTENTION TO SEEK A REVIEW OF THE TAKEOVER REGULATION PANEL (“TRP”) EXEMPTION RULING Shareholders of THL (“THL Shareholders”) are referred to the SENS announcement dated 24 January 2022, wherein THL advised that the TRP has granted an exemption from the obligation to make a mandatory offer to THL Shareholders (“TRP Waiver Ruling”). In the announcement THL Shareholders were advised that they may request the Takeover Special Committee to review the TRP Waiver Ruling, and that such requests must be made in writing by no later than Monday, 31 January 2022. THL has been advised by the TRP that the Takeover Special Committee has received notice from a consortium, including Artemis Investments Proprietary Limited, of an intention to seek a review of the TRP Waiver Ruling. The consortium has requested a hearing before the Takeover Special Committee. THL and its legal counsel can only make a considered assessment once the consortium provides THL with full details on the grounds for the review. THL is engaging with the TRP and will update THL Shareholders once it is in a position to do so. RESPONSIBILITY STATEMENT The directors of THL 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 28 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: 28-01-2022 05:40:00 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.