THUNGELA RESOURCES LIMITED - Dealing in securities by prescribed officer

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 Resources" or "Company")

DEALING IN SECURITIES BY PRESCRIBED OFFICER

In compliance with paragraphs 6.77 to 6.80 of the Listings Requirements of the JSE Limited, the following
information is disclosed:

 Prescribed Officer                                  :   Johan van Schalkwyk
 Company                                             :   Thungela Resources
 Date of transaction                                 :   30 March 2026
 Class of securities                                 :   Ordinary shares
 Nature of transaction                               :   On-market sale of ordinary shares
 Number of securities                                :   32092
 Sale price per share                                :   R177.00
 Total value of transaction                          :   5 680 284
 Nature of interest                                  :   Direct, beneficial
 Clearance obtained                                  :   Yes

UK Financial adviser and corporate broker
Panmure Liberum Limited

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

Johannesburg
31 March 2026

       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                                Johan van Schalkwyk
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,
       type of instrument                  ISIN: ZAE000296554
       Identification Code                 SEDOL: BMV3M27
b.     Nature of the                       Sale of Shares
       transaction
c.     Price(s) and                        Volume Price (ZAR)
       volume(s)                           32092 177,00
d.     Aggregated                          Price: ZAR177,00
       information
        - Aggregated Volume                Volume: 32092
        - Price                            ZAR 5 680 284
e.     Date of the                         30 March 2026
       transaction
f.     Place of the                        XJSE
       transaction

Date: 31-03-2026 02:00:00
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.