THUNGELA RESOURCES LIMITED - Dealings in securities by the Company's 2021 Share Plan

 Dealings in securities by the Company's 2021 Share Plan 

Thungela Resources Limited
(Incorporated in the Republic of South Africa)
Registration number: 2021/303811/06
JSE share code: TGA
LSE share code: TGA
ISIN: ZAE000296554
Tax number: 9111917259
("Thungela" or the “Company”)

DEALINGS IN SECURITIES BY THE COMPANY'S 2021 SHARE PLAN

In compliance with paragraph 6.90 of the Listings Requirements of the JSE Limited (“the JSE
Listings Requirements”), shareholders are advised of the following transaction. The transaction
relates to the on-market sale of forfeited shares by the Company’s 2021 Share Plan. The sale
was undertaken in accordance with the rules of the Share Plan.

 Nature of transaction:                     On-market sale of securities
 Class of securities:                       Ordinary shares
 Trading date:                              1 September 2026
 Number of shares:                          14,258
 VWAP per share:                            R124.11
 Highest price per share:                   R131.00
 Lowest price per share:                    R120.36
 Transaction value:                         R1,769,560.38
 Nature of interest:                        Direct beneficial

Clearance for this transaction has been obtained in accordance with paragraph 6.83 of the JSE
Listings Requirements.

Johannesburg
3 September 2026

UK Financial adviser and corporate broker
Panmure Liberum Limited
                                                  
JSE Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 03/09/2026 12:00:00
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