Issue of equity and voting rights

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')

Issue of equity and voting rights

Tharisa announces that application has been made to the Johannesburg Stock Exchange (JSE), UK Listing Authority (UKLA) and the London Stock Exchange (LSE) for the listing and admission of 5 000 000 new ordinary shares to the official list and to trading on the main market of the JSE and the LSE. Admission of the shares is expected to occur on 22 September 2020. All of these shares are being reserved under a new block listing.

Following admission, Tharisa will have 275 000 000 ordinary shares in issue, of which 266 610 951 will have voting rights.  Following this issue, Tharisa will hold 8 389 049 shares in treasury, inter alia to satisfy the Company's obligations relating to the vesting of the Conditional Awards of the TSAP on 30 June 2020 and to make provision for the potential requirement to allot shares on participants in the TSAP exercising vested Appreciation Rights.

Therefore, the total of 266 610 951 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, Tharisa under the FCA's Disclosure and Transparency Rules.

Paphos, Cyprus

21 September 2020

JSE Sponsor

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

[email protected]

Financial PR contacts:

Bobby Morse / Augustine Chipungu / James Husband

+44 207 466 5000

[email protected] 

Broker contacts:

Peel Hunt LLP (UK Joint Broker)

Ross Allister / David McKeown / Alexander Allen

+44 207 7418 8900

BMO Capital Markets Limited (UK Joint Broker)

Thomas Rider / Neil Elliot / Michael Rechsteiner

+44 207 236 1010

Berenberg (UK Joint Broker)

Matthew Armitt / Jennifer Wyllie / Detlir Elezi

+44 203 207 7800

Nedbank Limited (acting through its Corporate and Investment Banking division) (RSA Broker)

Shabbir Norath

+27 11 295 6575