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" 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                                   :   13 June 2025
    Class of securities                                   :   Ordinary shares
    Nature of transaction                                 :   On-market sale of ordinary shares
    Number of securities                                  :   25 000
    Volume weighted average sale price per share              R87.20
    Highest sale price per share                              R88.00
    Lowest sale price per share                           :   R87.00
    Total value of transaction                            :   R2 180 000
    Nature of interest                                    :   Direct, beneficial
    Clearance obtained                                    :   Yes

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

UK Financial adviser and corporate broker
Panmure Liberum Limited

Johannesburg
17 June 2025

         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,             ISIN: ZAE000296554
     type of instrument                SEDOL: BMV3M27
      Identification Code
b.   Nature of the                     Sale of Shares
     transaction
c.   Price(s) and                      Volume 20 000 Price       R87.00
     volume(s)                         Volume 5000 Price         R88.00
d.   Aggregated                        Price: ZAR87.20
     information
      - Aggregated Volume              Volume: 25 000
      - Price
                                       ZAR2 180 000
e.   Date of the                       13 June 2025
     transaction
f.   Place of the                      XJSE
     transaction

Date: 17-06-2025 04:47:00
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