Scrip Distribution Ratio

Tongaat Hulett Limited 
(Registration No. 1892/000610/06) 
JSE share code: TON 
ISIN: ZAE000096541


Further to the announcement of the results for the financial period ended 31 March 2010, as released on the Securities Exchange News Service of the JSE Limited (“JSE”) on 28 May 2010 and published in the press on 31 May 2010, in which shareholders were notified of the payment of a scrip distribution, shareholders are hereby advised that the volume weighted average price of ordinary shares on the JSE during the 22-day trading period ended on Thursday, 1 July 2010 was 10 419 cents (R104.19) per share.

Accordingly, the number of ordinary shares to which shareholders participating in the scrip distribution will be entitled, is determined in the ratio that 175 cents multiplied by a factor of 1,05 bears to 10 419 cents which equates to 1,76360 new ordinary shares per every 100 ordinary shares held.

Ordinary shares to be issued in terms of the scrip distribution will be listed and, accordingly, tradeable from Thursday, 15 July 2010.

Shareholders who wish to receive the cash dividend alternative of 175 cents per ordinary share must elect to do so by 12:00 (11:00 UK time) on Friday, 16 July 2010, in accordance with the provisions of the circular and form of election which was posted to shareholders on 18 June 2010. No action is required if you wish to receive the scrip distribution.

A further announcement, in respect of the results of the scrip distribution, will be made on or about Friday, 23 July 2010.

Tongaat, KwaZulu-Natal

2 July 2010

Advisor and transaction sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Investec Bank Limited

Shepstone & Wylie Attorneys