TIDMTHS

RNS Number : 5239N

Tharisa PLC

21 May 2020

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')

Reviewed interim results for the six months ended 31 March 2020

Tharisa, 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 interim results for the six months ended

31 March 2020.

 
  REEF MINED            PGM PRODUCTION         CHROME CONCENTRATE 
                                                 PRODUCTION 
    2.27 Mt               5PGE+Au                652.6 kt 
    up 2.3%               66.5 koz               up 6.3% 
    (2019: 2.22 Mt)       down 1.6%              (2019: 614.1 kt) 
                          (2019: 67.6 koz) 
 
   REVENUE               OPERATING PROFIT       PROFIT BEFORE TAX 
    US$194.6 m            US$22.3 m              US$17.5 m 
    up 16.9%              up 55.9%               up 71.6% 
    (2019: US$166.5 m)    (2019: US$14.3 m)      (2019: US$10.2 m) 
   EBITDA                 BASIC AND HEADLINE 
                          EARNINGS PER SHARE 
    US$36.2 m             US 3.6 c and US 3.7 
                           c 
    Up 20.3 %             HEPS down 7.5% 
    (2019: US$30.1 m)     (2019: US 3.6 c and 
                           US 4.0 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

21 May 2020, and can be found on the Company's website at www.tharisa.com and can also be viewed here, https://senspdf.jse.co.za/documents/2020/jse/isse/THA/H1results.pdf . Copies of the announcement may also be requested at the Company's registered office, at no charge, during office hours.

RNS users please click on or paste the following link into your web browser to view the associated PDF document:

http://www.rns-pdf.londonstockexchange.com/rns/5239N_1-2020-5-20.pdf

Any investment decision should be based on the full announcement published on SENS and RNS.

By order of the Board

Paphos, Cyprus

21 May 2020

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)

Julia Zhengzhi Hu (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

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

Investor relations contact:

Ilja Graulich (Head of Investor Relations and Communications)

+27 11 996 3500

+27 83 604 0820

igraulich@tharisa.com

Financial PR contacts:

Bobby Morse / James Husband

+44 020 7466 5000

tharisa@buchanan.uk.com

Broker contacts:

Peel Hunt LLP (UK Joint Broker)

Ross Allister / David McKeown

+44 207 7418 8900

BMO Capital Markets Limited (UK Joint Broker)

Thomas Rider / Neil Elliot / Michael Rechsteiner

+44 020 7236 1010

Berenberg (UK Joint Broker)

Matthew Armitt / Jennifer Wyllie / Detlir Elezi

+44 20 3207 7800

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

Shabbir Norath

+27 11 295 6575

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

IR ZZGZKDGMGGZM

(END) Dow Jones Newswires

May 21, 2020 02:00 ET (06:00 GMT)

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