SOUTH AFRICA ENERGY COAL DIVESTMENT UPDATE South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) today welcomed the decision by the Competition Tribunal of South Africa (Competition Tribunal) to approve the sale of our shareholding in South Africa Energy Coal to Seriti Resources Holdings Proprietary Limited[1] (Seriti) (the Transaction). The approval includes conditions to be met by Seriti following the Transaction s close. In reaching its decision the Competition Tribunal heard evidence from a number of interested parties, including Eskom Holdings SOC Limited (Eskom). South32 Chief Executive Officer, Graham Kerr said The approval of the transaction by the Competition Tribunal marks an important step on the path to completing the sale of South Africa Energy Coal. While the transaction remains subject to material conditions, including approvals from Eskom, we continue to make progress in securing these and remain on-track to close during the March 2021
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