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THUNGELA RESOURCES LIMITED - TR-1: Standard form for notification of major holdings

Release Date: 24/07/2025 16:00
Code(s): TGA     PDF:  
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TR-1: Standard form for notification of major holdings

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
('Company')

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)

1a. Identity of the issuer or the underlying issuer       THUNGELA RESOURCES LTD
of existing shares to which voting rights are
attached ii:

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights               X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:

3. Details of person subject to the notification obligation iv
Name                                                      PUBLIC INVESTMENT CORPORATION SOC LIMITED
City and country of registered office (if applicable)     PRETORIA, SOUTH AFRICA

4. Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)

5. Date on which the threshold was crossed or             22/07/2025
reached vi:

6. Date on which issuer notified (DD/MM/YYYY):            24/07/2025

7. Total positions of person(s) subject to the notification obligation


                          % of voting rights         % of voting rights            Total of both in %   Total number of
                          attached to shares         through financial             (8.A + 8.B)          voting rights held
                          (total of 8. A)            instruments                                        in issuer
                                                     (total of 8.B 1 + 8.B 2)                           (8.A + 8.B) vii
Resulting situation       10.129%                                                  10.129%              14 230 092
on the date on which
threshold was
crossed or reached
Position of previous      11.987%                                                  11.987%
notification (if
applicable)


8. Notified details of the resulting situation on the date on which the threshold was crossed or
reached viii
A: Voting rights attached to shares
Class/type of             Number of voting rights ix                            % of voting rights
shares
ISIN code (if possible)            Direct                   Indirect                    Direct               Indirect
                                  (DTR5.1)                 (DTR5.2.1)                  (DTR5.1)              (DTR5.2.1)

                                 14 230 092                                            10.129%


SUBTOTAL 8. A                                 14 230 092                                          10.129%

B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial         Expiration         Exercise/                    Number of voting rights       % of voting rights
instrument                date x             Conversion Period xi         that may be acquired if
                                                                          the instrument is
                                                                          exercised/converted.

                                             SUBTOTAL 8. B 1              NIL                           NIL


B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial    Expiration              Exercise/           Physical or            Number of       % of voting rights
instrument           date x                  Conversion          cash                   voting rights
                                             Period xi           Settlement xii
                                                                                                        
                                                                 SUBTOTAL 8.B.2         NIL             NIL

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not
control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii

Full chain of controlled undertakings through which the voting rights and/or the                                     X
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity
(please add additional rows as necessary) xiv
Name xv                        % of voting rights if it        % of voting rights               Total of both if it
                               equals or is higher             through financial                equals or is higher
                               than the notifiable             instruments if it equals         than the notifiable
                               threshold                       or is higher than the            threshold
                                                               notifiable threshold
PUBLIC INVESTMENT              10.129%                                                          10.129%
CORPORATION SOC
LIMITED

10. In case of proxy voting, please identify:
Name of the proxy holder                                       N/A
The number and % of voting rights held                         N/A
The date until which the voting rights will be held            N/A

11. Additional information xvi
                                                                                                  
Place of completion       PRETORIA, SOUTH AFRICA
Date of completion        24 July 2025

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

UK Financial adviser and corporate broker
Liberum Capital Limited

Johannesburg
24 July 2025


Date: 24-07-2025 04:00:00
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