21 Sep - 6 min read

Lead Independent Director, Changes to Board Committees and Composition and Management Appointments

Lead Independent Director, Changes to Board Committees and Composition and Management Appointments

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')


LEAD INDEPENDENT DIRECTOR, CHANGES TO BOARD COMMITTEES AND COMPOSITION AND
MANAGEMENT APPOINTMENTS


Tharisa, the platinum group metals (PGMs) and chrome co-producer dual-listed on the Johannesburg and
London stock exchanges, hereby advises of a change to the Lead Independent Director and the
composition of certain board committees. In addition, it welcomes the appointment of additional senior
management to enhance its corporate governance, climate change & sustainability initiatives and to
support its growth phase.

Lead Independent Director and changes to board committees

Dr Carol Bell has been appointed as the Lead Independent Director, member and chairman of the
Nomination Committee and chairman of the Remuneration Committee. She replaces Dr David Salter, who
relinquishes the lead independent role, having served in this position since April 2014, and chairmanship
of the Nomination Committee, and Mr Antonios Djakouris, who has stepped down as the chairman of the
Remuneration Committee. Both Dr Salter and Mr Djakouris will remain as independent non-executive
directors and members of the Nomination Committee and Remuneration Committee. These changes are
effective from 1 October 2021. Dr Bell has served as an independent non-executive director on Tharisa’s
board since 2016.

Climate Change and Sustainability Committee

The Tharisa board has established the Climate Change and Sustainability Committee, which will function
alongside the Safety, Health and Environment and the Social and Ethics Committees. This new committee
comprises all members of the board and will be chaired by Dr Bell.

The focus of this committee, in the near term, is oversight of the implementation of the Company’s carbon
action plan to becoming net carbon neutral by 2050. It will also guide the group towards its goal of creating
a circular economy while producing critical metals for the decarbonisation of global economies.
The decarbonisation action plan has been approved by the Tharisa board, forming part of our broader
sustainability programme.
Management appointments

The Company has further strengthened its management team with several key appointments to enhance
corporate governance, climate change and sustainability initiatives and to support its strategic growth
plans.

Mr Lucien Matthews recently joined as Managing Director Special Projects and is driving the Company’s
beneficiation strategy. A physicist by training, Mr Matthews has spent over three decades in steel,
stainless steel and associated industries, and has been CEO of a number of stainless steel companies
globally.

Mr Suren Singh has joined Tharisa as Group Head of Internal Audit. A Chartered Accountant by profession,
he has spent three decades in internal audit, ranging from government, retail, automotive and most
recently as Chief Internal Auditor at an international gold producer.

Mr Andrew Henwood joins as Executive Corporate Finance, based in London, from 1 October 2021.
A Chartered Accountant, he was most recently with a ‘Big 4’ accounting firm while having spent a large
part of his working life in the mining sector in various finance roles.

Mr Tebogo Matsimela joins as Group ESG Manager from an ESG Associate position in asset management,
from 1 October 2021. Mr Matsimela has worked in various environmental roles before moving into asset
management as an ESG analyst for listed and unlisted companies across a broad range of industries with
a particular focus on mining and energy. “

Phoevos Pouroulis, CEO of Tharisa, commented:

“As the Company evolves, it is a natural step to position both the board and management for its next level
of growth. We believe the changes at the board and committee level will ensure we manage this next
phase successfully, supported by the additional resources required for us to implement these steps on a
measured and sustainable basis. We welcome Lucien, Suren, Andrew and Tebogo to the Company, where
I, and the rest of Tharisa team, look forward to working together. Tharisa has an exciting path ahead as
we deliver on our purpose of innovating the resources company of the future.”

Further Information

Dr Carol Bell

Dr Carol Bell has more than 40 years of experience in the energy and allied industries, including a
successful career as a Managing Director of Chase Manhattan Bank’s Global Oil & Gas Group, Head of
European Equity Research at JP Morgan and several years as an equity research analyst in the oil and gas
sector at Credit Suisse First Boston and UBS Phillips & Drew. Dr Bell began her career in corporate planning
and business development at Charterhouse Petroleum and RTZ Oil and Gas. She has broad public company
experience and currently serves on the board of Bonheur ASA and the BlackRock Energy and Resources
Income Trust. Dr Bell is one of the founder- directors of Chapter Zero, a network for non-executive
directors to engage with climate risk. She also serves on the Board of the Development Bank of Wales and
The Football Association of Wales and is Vice President of National Museum Wales.

Company Committees

Further changes in the existing Committees of the Company have taken place with the Committee
representation now as follows.

Audit Committee
    -   Antonios Djakouris (Chairman)
    -   David Salter
    -   Omar Kamal
    -   Carol Bell

Climate Change and Sustainability Committee

    -   Carol Bell (Chairman)
    -   Loucas Pouroulis
    -   Phoevos Pouroulis
    -   Michael Jones
    -   Antonios Djakouris
    -   David Salter
    -   Omar Kamal
    -   Roger Davey
    -   Zhong Liang Hong
    -   Shelley Wai Man Lo

New Business Committee

    -   Roger Davey (Chairman)
    -   David Salter
    -   Carol Bell
    -   Loucas Pouroulis
    -   Phoevos Pouroulis

Nomination Committee

    -   Carol Bell (Chairman)
    -   David Salter
    -   Loucas Pouroulis
    -   Antonios Djakouris

Remuneration Committee

    -   Carol Bell (Chairman)
    -   Antonios Djakouris
    -   David Salter
    -   Roger Davey

Risk Committee

    -   Antonios Djakouris (Chairman)
    -   Loucas Pouroulis
    -   Phoevos Pouroulis
    -   Michael Jones
    -   David Salter
    -   Omar Kamal
    -   Carol Bell
    -   Roger Davey
    -   Zhong Liang Hong
    -   Shelley Wai Man Lo

Safety, Health and Environment Committee

    -   David Salter (Chairman)
    -   Antonios Djakouris
    -   Carol Bell
    -   Roger Davey

Social and Ethics Committee

    -   David Salter (Chairman)
    -   Antonios Djakouris
    -   Omar Kamal
    -   Carol Bell
    -   Phoevos Pouroulis

Paphos, Cyprus
21 September 2021

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Investor relations contacts:
Ilja Graulich (Head of Investor Relations and Communications)
+27 11 996 3500
+27 83 604 0820
igraulich@tharisa.com
Financial PR contacts:
Bobby Morse / Augustine Chipungu / James Husband
+44 207 466 5000
tharisa@buchanan.uk.com
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 / Pascal Lussier Duquette / Nick Macann
+44 207 236 1010
Berenberg (UK Joint Broker)
Matthew Armitt / Jennifer Wyllie / Varun Talwar / Detlir Elezi
+44 203 207 7800
Nedbank Limited (acting through its Corporate and Investment Banking division) (RSA Broker)
Carlyle Whittaker
+27 11 294 0061

About Tharisa

Tharisa is an integrated resource group incorporating mining, processing, exploration and the
beneficiation, marketing, sales and logistics of PGMs and chrome concentrates. Its principal asset is the
Tharisa Mine located in the South-Western Limb of the Bushveld complex, South Africa. The mechanised
mine has a 14-year open pit life and the ability to extend operations underground by at least an additional
40 years. Tharisa also owns the Salene Chrome project, a development stage, low cost, open pit asset,
located adjacent to the Great Dyke in Zimbabwe. Tharisa is listed on the Johannesburg Stock Exchange
(JSE: THA) and the Main Board of the London Stock Exchange (LSE: THS)

Date: 21-09-2021 07:05:00
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