THARISA PLC - Voting Results at Extraordinary General Meeting of Bondholders of Karo Mining Holdings plc

Voting Results at Extraordinary General Meeting of Bondholders of Karo Mining Holdings plc

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')


VOTING RESULTS AT EXTRAORDINARY GENERAL MEETING OF BONDHOLDERS OF KARO MINING HOLDINGS PLC

Tharisa, the platinum group metals ('PGMs') and chrome co-producer dual-listed on the Johannesburg
and London stock exchanges, hereby advises the result of voting at the Extraordinary General Meeting
of bondholders of Karo Mining Holdings plc ('the Issuer'), a subsidiary of Tharisa, held on 7 November
2025.

At the Extraordinary General Meeting the following resolutions were approved by the requisite majority,
with effect from the maturity date of the existing bonds, being 1 December 2025:

1. Extending the maturity date of the existing notes ('Notes') by an additional three years to
   1 December 2028

2. Adjusting the interest rate on the Notes from 9.5% to 11.0% per annum

3. Amending the early redemption terms such that in the case of early redemption, the Issuer will
   redeem in whole (but not in part) the Note(s) specified in such notice, together with interest accrued
   and unpaid thereon, if any, to the date fixed for early redemption and shall not have any obligation
   to pay interest that would otherwise be payable until the final redemption date and

4. Introducing a guarantee fee such that with effect from 1 December 2025 until 1 December 2028,
   the Issuer shall pay to the guarantor (being Tharisa), a guarantee fee of 2.6% (two point six
   percent) per annum.


Paphos, Cyprus
10 November 2025

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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
Broker Contacts:
Peel Hunt LLP (UK Joint Broker)
Ross Allister / Georgia Langoulant
+44 207 418 8900


BMO Capital Markets Limited (UK Joint Broker)
Thomas Rider / Nick Macann
+44 207 236 1010


Berenberg (UK Joint Broker)
Matthew Armitt / Jennifer Lee / Detlir Elezi
+44 203 207 7800


About Tharisa

Tharisa is an integrated resource group critical to the energy transition and decarbonisation of
economies. It incorporates exploration, mining, processing and the beneficiation, marketing, sales, and
logistics of PGMs and chrome concentrates, using innovation and technology as enablers. Its principal
operating asset is the multi-generational Tharisa Mine, located in the south-western limb of the Bushveld
Complex, South Africa. Tharisa is also developing the Karo Platinum Project, a tier-one PGM asset
located on the Great Dyke in Zimbabwe, while simultaneously focusing on beneficiation in the form of
chrome and PGM alloys. A 15-year Power Purchase Agreement for the procurement of wheeled
renewable energy and a 40 MW solar project will ensure that Tharisa Minerals' drive to reduce its carbon
footprint by 30% by 2030 is well within reach, forming a major part of a roadmap to become net carbon
neutral by 2050. Redox One is accelerating the development of a proprietary iron chromium redox flow
long-duration battery utilising the commodities we mine. Tharisa plc is listed on the Johannesburg Stock
Exchange (JSE: THA) and has an Equity Shares (Transition) Category listing on the London Stock
Exchange (LSE: THS).

About VFEX
The Victoria Falls Stock Exchange (VFEX) is a subsidiary of the Zimbabwe Stock Exchange (ZSE)
established to kick start the Offshore Financial Services Centre (OFSC) earmarked for the special
economic zone in Victoria Falls. The VFEX is a US$ based exchange. Key incentives applicable to the
VFEX include capital raised by a company listed on VFEX may be held in an approved local or offshore
account with an internationally recognised banking institution; allowance to use offshore settlement for
trades; tax incentives for shareholders of shares listed on VFEX – 5% dividend withholding tax (foreign
investors only) and exemption from capital gains withholding tax.

Details of the Karo Platinum Project can be found at www.tharisa.com and www.karomining.com

Date: 10-11-2025 08:00:00
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