TONGAAT HULETT LIMITED - Notices to affected persons

Notices to affected persons

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

                           NOTICES TO AFFECTED PERSONS

Shareholders and Affected Persons are advised that notices have been issued in accordance
with section 128 of the Companies Act 71 of 2008 (the "Act"), as amended, read together with
sections 144, 145 and 146 of the Act, to Affected Persons.

Shareholders and Affected Persons are advised that Tongaat Hulett, together with its duly
appointed joint business rescue practitioners ("BRPs"), has entered into PCF Agreement
Amending Agreement No. 11 with the Industrial Development Corporation of South Africa
Limited ("IDC"), pursuant to which certain amendments have been made to the Company's
existing post-commencement finance facility ("PCF Facility").

The key terms of the amended PCF Facility are as follows:

   •   The PCF Facility continues to be available until 30 June 2026, or earlier upon, inter
       alia, the granting of an order terminating the Company's business rescue proceedings
       and winding up the Company (whether provisionally or finally) in the application
       instituted under case number 2026/031780 or the setting aside of the adopted
       business rescue plan;
   •   The final repayment date under the PCF Facility has been extended to align with the
       revised availability period;
   •   The facility commitment has been increased from R2.3 billion to R2.5 billion;
   •   The PCF Facility remains secured under the existing security package granted by the
       Company in favour of IDC, which security remains of full force and effect; and
   •   All amounts outstanding under the PCF Facility must be repaid in full, or may, at IDC's
       discretion, be restructured into a term loan on terms and conditions acceptable to IDC,
       prior to any sale or transfer of the Company's business and assets as a going concern
       in accordance with the approved or proposed business rescue plan.

Furthermore, earlier today, the legal proceedings regarding the provisional liquidation hearing
involving Tongaat Hulett were adjourned, with the matter now scheduled to be heard on 17
and 18 June 2026. This adjournment provides additional time for the Company, together with
its BRPs, and stakeholders to continue engaging constructively with the objective of reaching
a longer?term solution that is in the best interests of the business, its employees and all
stakeholders.

The Company further confirms the PCF Facility will enable the business to continue operations
during the current off?crop period, complete its off?crop programme and progress preparations
for the commencement of the upcoming milling season. The Company remains focused on
operational continuity and constructive stakeholder engagement and will continue to provide
updates as material developments arise.

Shareholders and Affected Persons are reminded that all notices and documents relating to
the business rescue proceedings of the Company are published and made available on the
Company's website under the "Business Rescue" tab at https://www.tongaat.com/business-
rescue/.

16 April 2026

Sponsor
PSG Capital

Date: 16-04-2026 05:48:00
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