THUNGELA RESOURCES LIMITED - Dealing in securities by prescribed officer

Dealing in securities by prescribed officer

Thungela Resources Limited
Incorporated in the Republic of South Africa
Registration number: 2021/303811/06
ISIN: ZAE000296554
JSE share code: TGA
LSE share code: TGA
("Thungela Resources" or "Company")

DEALING IN SECURITIES BY PRESCRIBED OFFICER

In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following
information relating to dealing in securities by a prescribed officer of Thungela Resources is disclosed:

 Prescribed Officer                                     :   Nompumelelo Sithole
 Company                                                :   Thungela Resources
 Date of transaction                                    :   28 November 2024
 Class of securities                                    :   Ordinary shares
 Nature of transaction                                  :   On-market sale of ordinary shares
 Number of securities                                   :   20 000
 Price of shares sold                                   :   R128.27
 Total value of transaction                             :   R2 565 400
 Nature of interest                                     :   Direct, beneficial
 Clearance obtained                                     :   Yes

UK Financial adviser and corporate broker
Panmure Liberum Limited

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Rosebank
3 December 2024


       Notification and public disclosure of transactions by persons discharging managerial
                      responsibility and persons closely associated with them.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1      Details of the person discharging managerial responsibilities/person closely associated
a.     Name                              Nompumelelo Sithole

2      Reason for notification
a.     Position/Status                   PDMR
b.     Initial notification/Amendment    Initial

3    Details of the issuer, emission allowance market participant, auction platform, auctioneer or
     auction monitor
a.   Name                                Thungela Resources Limited
b.   LEI                                 213800EGYK3BN3SRIF27
     Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each

4    type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a.   Description of the                  Ordinary shares of no par value
     financial instrument,
     type of instrument                  ISIN: ZAE000296554
     Identification Code                 SEDOL: BMV3M27
b.   Nature of the                       Sale of Shares
     transaction
c.   Price(s) and                        Volume 20 000 Price       R128.27
     volume(s)
d.   Aggregated                          Price: ZAR128.27
     information
     - Aggregated Volume                 Volume: 20 000
     - Price                             ZAR2 565 400
e.   Date of the                         28 November 2024
     transaction
f.   Place of the                        XJSE
     transaction

Date: 03-12-2024 02:00:00
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