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Seriti gives festive food parcels to surrounding communities

Johannesburg, 18 January 2022: Seriti distributed over 1000 food parcels to the needy, including elderly and child headed households, orphanages and places of safety for victims of crime, in communities surrounding our operations over the festive season.

This initiative is the brainchild of Seriti CEO, Mike Teke, who rallied employees to take on the challenge and partner with him in supporting those in need in our communities. This is in line with our core value of respect for all and in the spirit of giving and ubuntu.

Our country has been plagued by many social challenges, now exacerbated by the COVID-19 pandemic in the past two years. Many have lost their source of income during the lockdown and continue to face the challenge of providing for their families and those under their care.

Mike Teke, Seriti CEO said: “The festive season is a time of year when we all should remember those less fortunate than us and be a blessing to them. This initiative has presented an opportunity for Seriti to lend a helping hand to our neighbours in need, ensuring that they can also enjoy a joyous time with their families.”

The initiative was carried out by the Seriti teams across the business, in close collaboration with the community, to ensure that we reach out to households that are in desperate need of food supplies during this time.

Seriti continues to support local communities in areas of need and develop projects to deliver positive outcomes for future generations. The stronger our communities, the better we can work together and thrive together, well into the future.

For further information please contact:

Hulisani Rasivhaga
+27 83 370 2327

Seriti Resources Holdings is a broad-based, 91% black-owned and controlled coal mining company.

Seriti’s subsidiary, Seriti Coal operates three large-scale, opencast and underground thermal coal mines – the New Vaal, New Denmark and Kriel collieries, which respectively supply Eskom’s Lethabo, Tutuka and Kriel power stations. The New Largo mine is currently under development, to meet the needs of the adjacent Kusile power station.

On 1 June 2021, Seriti acquired the operations of SA Coal Holdings Proprietary Limited (SAEC) from South32, bringing into the fold four additional mines – the Khutala, Klipspruit, and Middelburg Mines Services (MMS) North and South mines, which provide coal to the Kendal and Duhva power stations, as well as export coal via the Richards Bay Coal Terminal.

Seriti is co-owned by four anchor shareholders – Masimong Group Holdings (Masimong), Community Investment Holdings (CIH), Zungu Investments (Zico) and Thebe Investment Corporation (Thebe). It is Seriti’s philosophy that 10% of the equity in its mining operations be ring-fenced equally for the benefit of employees and communities through established unencumbered employee and community trusts.

As a responsible South African coal miner, Seriti has a proven track record in the acquisition, operation and development of large-scale opencast and underground coal mines. Guided by experienced board and management teams, Seriti maintains a principle focus on its long-term commitment to the domestic market and, in particular, the reliable and cost-effective provision of coal to Eskom.

Further information on Seriti can be found at www.seritiza.com

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