Subject: // Update 08 // Transnet Strikes

// Update 08 //

To all concerned Parties,

Herewith latest update from Transnet.

May 20, 2010

Transnet statement on wage talks

At the request of Satawu, one of the two recognized trade unions, Transnet has agreed to postpone today’s meeting with unions to 13h00 tomorrow to enable the unions to canvass the views of their members on the company’s settlement offer.

Due to the size of Transnet’s operations and the geographically dispersed workplaces, more time is needed to effectively communicate the details of Transnet’s offer to union members.

As a result of this request, we will only be in a position to give a full report on the details of the negotiations after that meeting. Until then, Transnet will not comment on the details of the talks to ensure that the process is given every chance to succeed. We trust that this request will be respected.

Meantime, we will maintain our senior teams at command centres throughout the country to ensure that recovery plans are put in place to make up for backlogs accumulated during the strike.

Issued on behalf of Transnet Limited by:

John Dludlu

Spokesman for Transnet Limited

(011) 308 245

083 676 1881

083 277 4774

john.dludlu@transnet.net

For more news, please visit us on: www.transnet.net

For a prompt response to media enquiries, please contact Mboniso Sigonyela at: Mboniso.sigonyela@transnet.net or by calling him on: 083 463 7701