TRANSNET SOC LIMITED - Transnet update on the fires in Richards Bay and Durban

Transnet update on the fires in Richards Bay and Durban

Transnet SOC Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1990/000900/30)
Issuer Bond Code: BITRA
(“Transnet”, the “Company” or the “Issuer”)


TRANSNET UPDATE ON THE FIRES IN RICHARDS BAY AND DURBAN


Transnet Noteholders are hereby advised that an investigation is underway, and a Board of Inquiry is being
set up to determine the cause of fires which broke out at two of Transnet SOC Ltd (Transnet) port terminals
– namely, the Richards Bay Multi-Purpose Terminal on the 6th and 13th of October 2021 and more recently
Durban’s Grain Export Terminal at the Maydon Wharf precinct on the 16th of October 2021.

A technical team has also been deployed to assess the extent of the damage with fire investigators working
to establish the root cause. No injuries were reported and both ports remain operational. Transnet National
Ports Authority has issued Transnet Port Terminals (TPT) with letters of notice for TPT to ensure that all
affected areas are safe before any operations can resume.

The fires were contained and extinguished. Business Continuity Plans (BCP) have been invoked and
Transnet continues to work with all impacted stakeholders to minimize disruptions and ensure that repairs
are concluded as quickly as possible.

In Richards Bay, significant progress has been made in restoring operations - five of the seven conveyor
belts have been fully restored and are back in operation. With the remainder of the conveyor belts, the Port
has deployed manual handling to ensure continuity of operations.

At the Port of Durban’s Maydon Wharf Precinct, there are currently two (2) conveyor belts, one handling
grain and the other woodchip. The grain conveyor belt was affected by the fire after it had completed loading
a grain vessel. The terminal is working around the clock to ensure that the belt is restored and back in
operation by the time the next grain vessel arrives at the Port on 26 October 2021.

Transnet met with the leadership of the agricultural industry on 18 October 2021 and will be working with
them to ensure support for a bumper grain season. Should it be found that any of the incidents were as a
result of operational negligence on the part of any Transnet employee, further action will be taken.

Transnet welcomes the support it has received from industry during the restoration of operations and
remains in constant communication with all customers.

Johannesburg
20 October 2021

JSE Debt Sponsor
Absa Corporate and Investment Bank (a division of Absa Bank Limited)

Date: 20-10-2021 12:46:00
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