TSL : Director Declaration Machingaidze

TSL Limited (Incorporated in the Republic of Zimbabwe) Company registration number:

ZSE Code: TSL.zw

ZSE ISIN: ZW 000 901 157 9 ("TSL" or "Company")

DEALING IN SECURITIES BY A DIRECTOR AND ASSOCIATE

In compliance with the ZSE Limited Listings Requirements, the following information is disclosed:

Director	:	Ms Mary Machingaidze
Title	:	Head - Logistics Cluster
Company	:	TSL Limited
Name of Associate	:	N/A
Date of transaction	:	26 July 2022
Number of securities	:	286 952
Nature of transaction	:	Share Appreciation Rights Plan
Class of securities	:	Ordinary shares
Share price	:	ZWL$0.60 per share
Value of transaction	:	ZWL$ 172 171.20
Nature of interest	:	Direct Beneficial
Clearance to obtain deal	:	No - not in closed period

* Post the transaction the director now has a holding of 286 952 shares in the Company.

Harare

28 July 2022