MC-3381

## Follow-up on Project Heron Elysium **From:** Simon McGill (Simon.McGill@harith.co.za) **To:** Elmar Conradie, Pieter Richards, Blacky Komani **CC:** Emile Du Toit **Date:** 14 May 2026 09:56 SAST **Outlook Message ID:** AAMkADllM2EyZDEyLTQ0MjctNDBiMi1iMjE2LTU1YTk3MzBhNTBkNABGAAAAAADfVxI8929bQ6Dg-DBiolHyBwDv2mufBr1AS5jiMeOekCy1AAAAAAEMAADv2mufBr1AS5jiMeOekCy1AASg5Kt4AAA= **Open in Outlook:** **Attachments:** No ### Key Points from Simon: - Harith sat with ENS and walked them through changes based on prior discussions - Elysium CAN make VOLUNTARY payments before the first 3 years (as long as not mandatory) - clears up that question - Tax advisors comfortable that nothing in agreements will trigger Income tax vs CGT - Simon is happy to have a separate conversation to clarify points once Elmar has reviewed - Simon is happy for Elmar to share with CDH to get their views ### Action Required: - Review PSSA documents (see MC-3380 from Viwe) and share with CDH - Schedule call with Simon to discuss any clarification points - Note the voluntary payments clarification and tax position for CDH review