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 COMPANY SECRETARY
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 the company secretary of Thungela Resources is disclosed:
| Company secretary | : | Tovi Ellis |
| Company | : | Thungela Resources |
| Date of transaction | : | 8 December 2025 |
| Class of securities | : | Ordinary shares |
| Nature of transaction | : | On-market sale of ordinary shares |
| Number of securities | : | 1 284 |
| Volume weighted average sale price per share | | R90.24 |
| Highest sale price per share | | R90.27 |
| Lowest sale price per share | : | R90.18 |
| Total value of transaction | : | R115 864,01 |
| 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
9 December 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 | Tovi Ellis | |
| 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 type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a. | Description of the financial instrument, type of instrument Identification Code
| Ordinary shares of no par value ISIN: ZAE000296554 SEDOL: BMV3M27 | |
| b. | Nature of the transaction | Sale of Shares | |
| c. | Price(s) and volume(s) | Volume 388 Price R90.18 Volume 155 Price R90.20 Volume 741 Price R90.27 | |
| d. | Aggregated information - Aggregated Volume - Price | Price: ZAR90.24
Volume: 1284 ZAR115 864.01 | |
| e. | Date of the transaction | 8 December 2025 | |
| f. | Place of the transaction | XJSE | |
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