THUNGELA RESOURCES LIMITED - Dealings in securities by the company secretary

Dealings in securities by the company secretary

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 SECRETARY

In compliance with paragraphs 6.77 to 6.89 of the Listings Requirements of the JSE Limited (“the
JSE Listings Requirements”), shareholders are advised of the following transaction. The
transaction relates to the vesting of forfeitable share awards and the subsequent on market sale
of shares by the company secretary to settle tax obligations arising from such vesting. The vesting
occurred in terms of the Company’s 2021 Share Plan and as contemplated in the Remuneration
Policy.

 Company Secretary                          Tovi Ellis
 Nature of transaction:                     On market sale of vested forfeitable shares to settle
                                            tax obligations arising from the vesting
 Class of securities:                       Ordinary shares
 Trading date:                              2 November 2026
 Number of shares:                          1,052
 VWAP per share:                            R132.23
 Highest price per share:                   R141.89
 Lowest price per share:                    R125.01
 Transaction value:                         R139,105.96
 Nature of interest:                        Direct beneficial


The remaining ordinary shares underlying the unvested forfeitable awards will be held in escrow
until they vest subject to the employment conditions being met.

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

Johannesburg
6 November 2026

UK Financial adviser and corporate broker
Panmure Liberum Limited

JSE Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 06/11/2026 03:00:00
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