Incorrect disclosure of significant holding of Thungela Resources ordinary shares 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 (‘Company’ or ‘Thungela Resources’) INCORRECT DISCLOSURE OF SIGNIFICANT HOLDING OF THUNGELA RESOURCES ORDINARY SHARES Shareholders were advised on 7 September 2023 that JPMorgan Chase & Co. had notified the Company that accounts under its management had increased its holding in the Company to 5.21% of the issued ordinary shares in the Company. Shareholders are now advised that the Company has been notified by JPMorgan Chase & Co that, due to a late cancellation of trade, the notification as announced was incorrect and that ac- counts under its management remain at 4.60% of the issued ordinary shares in the Company. The Company has requested that the Takeover Regulation Panel in South Africa disregard the notice erroneously lodged on 7 September 2023. The board of directors of Thungela accepts responsibility for the information contained in this announcement as it relates to the Company and confirms that, to the best of its knowledge and belief, such information relating to Thungela Resources is true and that this announcement does not omit anything likely to affect the importance of such information. Johannesburg 19 September 2023 Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) UK Financial adviser and corporate broker Liberum Capital Limited Date: 19-09-2023 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.