REVIEWED CONDENSED CONSOLIDATED INTERIM RESULTS

for the six months ended 30 September 2017

Overview

Transnet’s results for the six-month period is exceptional in the context of a sluggish economy, with EBITDA growth of 17,7% underpinning this achievement. Volume growth can be attributed to the continued implementation of the Company’s dynamic operational philosophy that resulted in a significant road to rail shift, as well as operational and productivity improvements. This, together with cost management initiatives, and the re-phasing and optimisation of capital investment, enabled the continued execution of the Market Demand Strategy (MDS).

Short form announcement

This short form announcement is the responsibility of the Transnet Board of Directors. It is only a summary of the information contained in the full announcement and does not contain full or complete details. Any investment decision should be based on the full announcement available on the Transnet website at www transnet.net. The full announcement is also available for inspection at the registered office of Transnet.

Prospects

Notwithstanding market conditions continuing to restrain Transnet’s commercial prospects, the Company has demonstrated sound resolve in the continued implementation of the MDS. Looking forward, the Company has adopted a Transnet 4.0 vision accelerating MDS growth into the 4th Industrial Revolution, by implementing real-time customer solutions and new product offerings, establishing infrastructure networks for the transmission of natural gas and accelerating growth in property, spatial development and maritime connectivity. This will enable Transnet to continue to strive to achieve growth in difficult conditions, while utilising available resources effectively and efficiently.