Audited Condensed Consolidated Financial Statements for the year ended 30 September 2019 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 ('the Company') ANNUAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2019 Tharisa plc, an integrated resources group incorporating exploration, mining, processing, beneficiation, marketing, sales and logistics of platinum group metals ('PGMs') and chrome concentrates, which owns and operates the large scale open pit Tharisa Minerals PGM and chrome mine situated in the North West province of South Africa, has released its annual results for the financial year ended 30 September 2019. Highlights - REEF MINED 4.63 Mt down 5.1% (FY2018: 4.88 Mt) - REVENUE US$342.9 m down 15.6% (FY2018: US$406.3 m) - PROFIT BEFORE TAX US$11.2 m down 82.8% (FY2018: US$65.0 m) - PGM PRODUCTION (5PGE + Au) 139.7 koz down 8.2% (FY2018: 152.2 koz) - OPERATING PROFIT US$24.2 m down 66.6% (FY2018: US$72.5 m) - EPS and HEPS US 4 c/5 c down 78.9% (FY2018: US 19 c) - CHROME CONCENTRATE PRODUCTION 1.29 Mt down 10.9% (FY2018: 1.45 Mt) - EBITDA US$51.6 m down 49.4% (FY2018: US$101.9 m) - PROPOSED TOTAL DIVIDEND* US 0.75 c 23.7% of NPAT (FY2018: US 4 c) * Includes interim distribution of US 0.5 c This short form announcement is the responsibility of the directors and is only a summary of the information in the full announcement. The full announcement was released on SENS and RNS on 28 November 2019, and can be found on the Company's website at http://www.tharisa.com and can also be viewed here, https://senspdf.jse.co.za/documents/2019/jse/isse/THA/FYresults.pdf Copies of the announcement may also be requested at the Company's registered office, at no charge, during office hours. Any investment decision should be based on the full announcement published on SENS and RNS. By order of the Board P Pouroulis MG Jones Chief Executive Officer Chief Finance Officer 28 November 2019 DIRECTORS Loucas Pouroulis (Executive Chairman) Phoevos Pouroulis (Chief Executive Officer) Michael Jones (Chief Finance Officer) David Salter (Lead independent non-executive director) Antonios Djakouris (Independent non-executive director) Omar Kamal (Independent non-executive director) Carol Bell (Independent non-executive director) Roger Davey (Independent non-executive director) Joanna Cheng (Non-executive director) Zhong Liang Hong (Non-executive director) REGISTERED ADDRESS Office 108 - 110, S. Pittokopitis Business Centre 17 Neophytou Nicolaides and Kilkis Streets, 8011 Paphos, Cyprus http://www.tharisa.com GROUP COMPANY SECRETARy Sanet Findlay The Crossing, 372 Main Road Bryanston, Johannesburg 2021 South Africa Email: secretarial@tharisa.com ASSISTANT COMPANY SECRETARY Lysandros Lysandrides 26 Vyronos Avenue 1096 Nicosia Cyprus TRANSFER SECRETARIES Computershare Investor Services Proprietary Limited Cymain Registrars Limited JSE SPONSOR Investec Bank Limited Date: 28-11-2019 07:05:00 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.