Dealing in securities by non-executive director

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 NON-EXECUTIVE DIRECTOR

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

Director : Seamus French
Company : Thungela Resources
Class of securities : Ordinary shares
Nature of transaction : On-market sale of ordinary shares
Nature of interest : Direct, beneficial
Clearance obtained : Yes

Dates: Number of Price per Transaction values:
shares: share:
27 March 2026 10,000 R163.74 R1 637 400
31 March 2026 10,816 R168.98 R1 827 688



UK Financial adviser and corporate broker
Panmure Liberum Limited

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

Johannesburg
2 April 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 Seamus French

2 Reason for notification
a. Position/Status Non-Executive Director / 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 Price(s) Volume(s)
volume(s) R163.74 10,000
R168.98 10,816
d. Aggregated
information
- Aggregated Volume 20,816
- Price ZAR 3 465 088
e. Date of the 27 and 31 March 2026
transaction
f. Place of the XJSE
transaction

Date: 02-04-2026 12:00:00
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