TONGAAT HULETT LIMITED - Notice to affected persons of Tongaat Hulett Limited

Notice to affected persons of Tongaat Hulett Limited

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



                  NOTICE TO AFFECTED PERSONS OF TONGAAT HULETT LIMITED


UPDATE ON CONTINUING PROSPECTS OF THL

Vision Sugar and the Industrial Development Corporation ("IDC") have confirmed that they remain committed
to the implementation of the Adopted Plan and are actively working together to progress its completion.

A requirement of the the Adopted Plan and the Asset Transaction is the refinancing and migration of the THL
post-commencement finance facility to Vision. Although these negotiations are taking longer than originally
anticipated, Vision and IDC have agreed to a structured process to resolve the outstanding matters as soon
as possible.

To provide clarity, we can confirm that payment of employee salaries and contractual 13th cheques, grower
payments and supplier/off-crop payments remain on track for December 2025.

We thank all stakeholders for their continued support during what has been a challenging year.
We remain focused on progressing the business rescue process in 2026 and will continue to provide updates.


09 December 2025

Sponsor
PSG Capital




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Date: 09-12-2025 05:00:00
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