TONGAAT HULETT LIMITED - Notice to Affected Persons of THL

Notice to Affected Persons of THL

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



                             NOTICE TO AFFECTED PERSONS OF THL


Shareholders and Affected Persons are advised that a notice has been issued in accordance with
section 128 of the Companies Act 71 of 2008 ("the Act"), as amended, read together with sections
144(3)(a), 145(1)(a) and 146(a) of the Act, to Affected Persons ("Notice").

Shareholders and Affected Persons should note that an urgent application was launched on 6
November 2024 in the High Court of South Africa, KwaZulu Natal Local Division, Durban ("Court"),
under case number D13702/2024, by RGS Group Holdings Limited ("RGS"), against, inter alios, the
Company, the Business Rescue Practitioners ("BRPs") ("application"), the Vision Parties, the Lender
Group, Mohini Singari Naidoo (t/a Powertrans Sales and Service). The Affected Persons of the
Company are cited as the twelfth respondent in the aforesaid application.

In the application, RGS has sought:
In Part A: to interdict the implementation of the adopted business rescue plan, particularly the Vision
Asset Transaction, which involves the sale of THL's assets and business to the Vision Parties. This
interdict is sought pending Part B of the application. Additionally, RGS seeks the disclosure of a range
of information from both the BRPs and the Vision Parties.

In Part B: it is sought to set aside the Company's business rescue plan, which was approved and
adopted by the requisite majority of creditors on 11 January 2024.

RGS has sought that Part A of the application be heard on Thursday, 28 November 2024, and Part B
thereof on an expedited date to be arranged with the Court.

Considering RGS has cited the Affected Persons of THL as the twelfth respondent in the
abovementioned application, Affected Persons are therefore entitled to (i) receive a copy of the
application and (ii) take independent legal advice. A copy of the Certificate of Urgency, Notice of Motion
and Founding Affidavit (as well as numerous supporting annexures) in the abovementioned application
is available on THL's website at https://www.tongaat.com/business-rescue/.

Shareholders and Affected Persons are also reminded that all notices and documents regarding the
business rescue proceedings of the Company, including the abovementioned Notice, are available on
the THL website under the 'Business Rescue' tab https://www.tongaat.com/business-rescue/.

7 November 2024

Sponsor
PSG Capital

Date: 07-11-2024 04:30:00
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