THUNGELA RESOURCES LIMITED - Dealings in securities by Thungela share plan for future settlement of rights issued as conditional shares

Dealings in securities by Thungela share plan for future settlement of rights issued as conditional 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
Tax number: 9111917259
("Thungela" or the "Company" and, together with its affiliates, the "Group")

DEALINGS IN SECURITIES BY THUNGELA SHARE PLAN FOR FUTURE SETTLEMENT OF
RIGHTS ISSUED AS CONDITIONAL SHARES

In compliance with paragraph 3.96 of the Listings Requirements of the JSE Limited ("the JSE
Listings Requirements"), the following information is provided regarding the purchase of
ordinary shares on the open market on the Johannesburg Stock Exchange that will be used for
the future settlement of rights issued as conditional shares under the 2021 Thungela Share
Plan. The purchased shares will be held in the Treasury account until such time that the shares
have vested under the rules of the 2021 Thungela Share Plan.


 Date of transaction:                       14 May 2025
 Nature of transaction:                     On-market acquisition of securities
 Class of securities:                       Ordinary shares
 Number of securities:                      132,859
 Volume weighted average purchase           R87.80
 price per security:
 Highest purchase price per security:       R88.62
 Lowest purchase price per security:        R86.06
 Transaction value:                         R11,665,020.20
 Nature of interest:                        Direct beneficial

 Date of transaction:                       15 May 2025
 Nature of transaction:                     On-market acquisition of securities
 Class of securities:                       Ordinary shares
 Number of securities:                      44,617
 Volume weighted average purchase           R86.88
 price per security:
 Highest purchase price per security:       R88.42
 Lowest purchase price per security:        R86.27
 Transaction value:                         R3,876,324.96
 Nature of interest:                        Direct beneficial

 Date of transaction:                       16 May 2025
 Nature of transaction:                     On-market acquisition of securities
 Class of securities:                       Ordinary shares
 Number of securities:                      118,041
 Volume weighted average purchase           R85.04
 price per security:
 Highest purchase price per security:       R86.62
 Lowest purchase price per security:        R84.26
 Transaction value:                         R10,038,206.64
 Nature of interest:                        Direct beneficial

 Date of transaction:                       19 May 2025
 Nature of transaction:                     On-market acquisition of securities
 Class of securities:                       Ordinary shares
 Number of securities:                      77,030
 Volume weighted average purchase           R85.85
 price per security:
 Highest purchase price per security:       R87.44
 Lowest purchase price per security:        R84.23
 Transaction value:                         R6,613,025.50
 Nature of interest:                        Direct beneficial

Clearance to deal in terms of the JSE Listings Requirements was obtained.

Rosebank
20 May 2025

UK Financial adviser and corporate broker
Panmure Liberum Limited

Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 20-05-2025 01:00:00
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