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 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following
information relating to the dealing in securities by a prescribed officer of Thungela Resources are disclosed:

    Prescribed Officer                                     :   Bernard Dalton
    Company                                                :   Thungela Resources
    Date of transaction                                    :   25 November 2024
    Class of securities                                    :   Ordinary shares
    Nature of transaction                                  :   On-market sale of ordinary shares
    Number of securities                                   :   40 000
    Price of shares sold                                   :   R134.55
    Total value of transaction                             :   R5 382 000
    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)

Rosebank
27 November 2024

         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                              Bernard Dalton
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 40 000 Price       R134.55
     volume(s)
d.   Aggregated              Price: ZAR134.55
     information
     - Aggregated Volume     Volume: 40 000
     - Price                 ZAR5 382 000
e.   Date of the             25 November 2024
     transaction
f.   Place of the            XJSE
     transaction

Date: 27-11-2024 03:00:00
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