Timrite (Pty) Limited - Rustenburg

History Timrite was established in 1995 when former HL&H executives started a new mining services venture. Timrite grew further in 2005 when Mondi Imbani Mining Supplies (MIMS) and Timrite were merged. The MIMS business was initially purchased as part of a larger transaction between Mondi and HL&H in 1996 and thereafter acquired by Timrite. In 2013 Thebe Mining Resources (Pty) Ltd, a wholly owned subsidiary of Thebe Investment Corporation, acquired a majority share in Timrite, management owns the remainder. Business Focus Whilst the origins of Timrite are firmly based in the timber industry, it has been repositioned as a provider of underground support solutions which include non-timber products and logistical services. Timrite, the largest supplier of timber based support product into the South African deep level mining industry has a dual focus in going forward:1.The development of safe, cost effective composite underground support solutions Timrite has the most advanced research, development and surface testing facility, based at their operations in Westonaria. Together with the rock engineering skills and expertise of Timrite the key mining challenges of enhanced safety and a deeper ore body are met. This is achieved through ongoing collaboration between Timrite and its customers that results in innovative product development and unique solutions for the industry. 2.Optimising the value of its timber asset Timrite’s investment in eucalyptus plantations allows for diversification into servicing the industrial timber and special pole markets. Management Team Although the organisation is relatively young in years, the strong management team are individuals with diverse experience and knowledge. This leadership team is lead by Theunis Bester, who has a history of engineering and project management in the mining, forestry and other related industries. The executive team consist of: Managing Director: Theunis Bester t.bester@timrite.co.za Operations Executive: Michael Botha m.botha@timrite.co.za Marketing Executive: Tomasz Manko t.manko@timrite.co.za Chief HR Executive: Mish Mogale m.mogale@timrite.co.za Chief Financial Officer: MS Pienaar ms.pienaar@timrite.co.za Timrite has a flat and consultative management structure and employees are empowered to make responsible decisions in order to deliver efficiently and effectively to the customer. Shareholders -------------------------------------------------------------------------------- Thebe Mining Resources (Pty) Ltd (TMR), a wholly-owned subsidiary of Thebe Investment Corporation (Thebe), has acquired a 70% interest in Reatile Timrite (Pty) Ltd (Timrite) while the remaining 30% is owned by the management. •Thebe Mining Resources (Pty) Ltd (70%) •Management (30%) Our Vision "To continually innovate so as to provide the safest and most cost effective support solutions for the benefit of all our customers." Our Mission Timrite is the preferred supplier in its chosen markets through; • continuous innovation • ecologically sensitive production • optimised supply chain • applying the best people and technologies.