Tronox Holdings plc (NYSE: TROX), a leading integrated manufacturer of titanium dioxide pigment, announced today that Exxaro Resources Limited intends to offer for sale 17,000,000 shares of the Company's ordinary shares in an underwritten secondary offering pursuant to the Company's automatic shelf registration statement filed April 24, 2020 with the Securities and Exchange Commission. The selling shareholder expects to grant the underwriters a 30-day option to purchase up to 2,550,000 additional shares. The selling shareholder will receive all of the net proceeds from the offering. No shares are being sold by the Company in the offering.

The Company also announced today that it exercised its call option to complete the "flip in" transaction pursuant to the Exxaro Mineral Sands Transaction Completion Agreement, whereby the Company will issue to Exxaro 7,246,035 new ordinary shares in exchange for Exxaro's 26% shareholding in the Company's South African operating subsidiaries which hold the Company's material mining licenses. The offering includes a portion of these shares.

J.P. Morgan is acting as joint bookrunning manager and representative of the underwriters. BofA Securities, Deutsche Bank Securities and Morgan Stanley are also acting as joint bookrunning managers.

About Tronox

Tronox Holdings plc is one of the world's leading producers of high-quality titanium products, including titanium dioxide pigment, specialty-grade titanium dioxide products and high-purity titanium chemicals; and zircon. We mine titanium-bearing mineral sands and operate upgrading facilities that produce high-grade titanium feedstock materials, pig iron and other minerals.