Media Statement By The Transnet Board Notice Of Termination To The Group CEO

Issued on behalf of Transnet Board SOC Ltd By: Board Chairperson, Mr Popo Molefe. The Board of Transnet has served Mr. Siyabonga Gama with a letter informing him of the Board’s intention to terminate his employment as Group Chief Executive Officer (GCEO) of Transnet SOC Ltd. The reasons provided to him by the Board relate to alleged serious violations of his financial, procurement and fiduciary responsibilities as Transnet GCEO. As a result, the Board had lost trust and confidence in Mr. Gama’s

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