Investor Presentaiton

Optionality Around Key Export Ports 1 Port Elizabeth Overview Transnet-operated port with 3 terminals ■Africa's largest exporter of manganese, housing a manganese bulk handling facility which was recently upgraded to enhance capacity 2 Located beside South Africa's newest port - Ngqura ■Transnet-operated port Africa's largest exporter of iron ore Saldanha Handles bulk and break bulk cargo 3 Jupiter Mines Limited Distance c.1,000km c.900km Transnet-operated port with 2 existing terminals ■Increasing importance in manganese industry c.1,200km Durban Transnet are presently improving the rail service to Durban by granting manganese ore priority status and running longer, more efficient trains ■Transnet-operated port Cape Town ■ Houses a Multipurpose Terminal (MPT) which trades commodities with longer shelf lives c.1,100km Tshipi was the first manganese producer to ship 7 vessels in a single month (November 2016) 23 23

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