Dealings in securities by executive directors and prescribed officersThungela Resources Limited(Incorporated in the Republic of South Africa)Registration number: 2021/303811/06JSE share code: TGALSE share code: TGAISIN: ZAE000296554Tax number: 9111917259("Thungela" or the "Company" and, together with its affiliates, the "Group")DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERSIn compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited ("theJSE Listings Requirements"), shareholders are provided with the following information related toexecutive directors and prescribed officers of Thungela in terms of provisions of the Company's2021 Share Plan regarding the reinvestment of dividends ("Dividend Equivalent Shares") onpreviously allocated conditional share awards. The vesting of the Dividend Equivalent Shares isconditional on the same performance and employment conditions applicable to the conditionalshares to which they relate, as disclosed in the announcements released on the JSE StockExchange News Service and LSE Regulatory News Services on 9 May 2023 and 3 June 2024.Name Designation Award Number of Value of award* Nature of interest Dividend Equivalent SharesJ Ndlovu Chief Executive Officer LTIP 2023 7,165 R640,336.05 Direct beneficial LTIP 2024 8,916 R796,822.92GF Smith Chief Financial Officer LTIP 2023 3,701 R330,758.37 Direct beneficial LTIP 2024 4,606 R411,638.22JPD van Schalkwyk Chief Operations Officer LTIP 2023 2,886 R257,921.82 Direct beneficial LTIP 2024 3,591 R320,927.67L Martin Executive Head of LTIP 2023 2,507 R224,050.59 Direct beneficial Technical LTIP 2024 3,119 R278,745.03Name Designation Award Number of Dividend Value of award* Nature of interest Equivalent SharesLE Mataboge Executive Head of Human LTIP 2023 1,781 R159,167.97 Direct beneficial Resources LTIP 2024 2,293 R204,925.41N Sithole Executive Head of LTIP 2023 1,781 R159,167.97 Direct beneficial Corporate Affairs LTIP 2024 2,293 R204,925.41C Venter Executive Head of Safety, LTIP 2023 1,781 R159,167.97 Direct beneficial Health & Environment LTIP 2024 2,293 R204,925.41BM Dalton Executive Head of LTIP 2023 2,134 R190,715.58 Direct beneficial Marketing LTIP 2024 2,722 R243,265.14* Value of the award is based on an award price per share representing the dividend-adjustedvolume weighted average price of a Thungela share on the JSE for the 20 business days ended25 April 2025. This equates to R89.37 per share. The highest and lowest prices traded forThungela shares over each day were as follows:Date Highest price per share (R) Lowest price per share (R)27 March 2025 109.63 105.7128 March 2025 108.14 105.1031 March 2025 107.96 100.921 April 2025 104.07 99.012 April 2025 107.03 101.533 April 2025 102.71 98.704 April 2025 100.48 95.007 April 2025 97.19 90.638 April 2025 100.18 94.719 April 2025 100.80 91.0410 April 2025 98.44 93.2111 April 2025 97.28 94.2614 April 2025 96.69 93.7915 April 2025 99.39 94.9516 April 2025 100.00 97.6717 April 2025 101.84 97.3022 April 2025 106.29 99.3623 April 2025 96.60 92.0924 April 2025 98.56 92.9025 April 2025 96.72 92.94Clearance for these transactions has been obtained.Rosebank15 May 2025UK Financial adviser and corporate brokerPanmure Liberum LimitedSponsorRand Merchant Bank (A division of FirstRand Bank Limited)Notification of Dealing Forms1 Details of the person discharging managerial responsibilities / person closely associateda) Name July Ndlovu2 Reason for the notificationa) Position/status PDMR – Chief Executive Officerb) Initial notification Initial notification /Amendment3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Thungela Resources Limitedb) LEI 213800EGYK3BN3SRIF274 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda) Description of the financial Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554b) Nature of the transaction Reinvestment of dividends accruing to ordinary shares previously awarded as conditional share awardsc) Price(s) and volume(s) Price(s) Volume(s) R89.37 7,165 R89.37 8,916d) Aggregated information - Aggregated volume 16,081 - Price R1,437,158.97e) Date of the transaction 14 May 2025f) Place of the transaction Off market1 Details of the person discharging managerial responsibilities / person closely associateda) Name Gideon Frederick Smith2 Reason for the notificationa) Position/status PDMR – Chief Financial Officerb) Initial notification Initial notification /Amendment3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Thungela Resources Limitedb) LEI 213800EGYK3BN3SRIF274 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda) Description of the financial Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554b) Nature of the transaction Reinvestment of dividends accruing to ordinary shares previously awarded as conditional share awardsc) Price(s) and volume(s) Price(s) Volume(s) R89.37 3,701 R89.37 4,606d) Aggregated information - Aggregated volume 8,307 - Price R742,396.59e) Date of the transaction 14 May 2025f) Place of the transaction Off market1 Details of the person discharging managerial responsibilities / person closely associateda) Name Johannes Petrus Daniel van Schalkwyk2 Reason for the notificationa) Position/status PDMR – Chief Operations Officerb) Initial notification Initial notification /Amendment3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Thungela Resources Limitedb) LEI 213800EGYK3BN3SRIF274 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda) Description of the financial Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554b) Nature of the transaction Reinvestment of dividends accruing to ordinary shares previously awarded as conditional share awardsc) Price(s) and volume(s) Price(s) Volume(s) R89.37 2,886 R89.37 3,591d) Aggregated information - Aggregated volume 6,477 - Price R578,849.49e) Date of the transaction 14 May 2025f) Place of the transaction Off market1 Details of the person discharging managerial responsibilities / person closely associateda) Name Leslie Martin2 Reason for the notificationa) Position/status PDMR – Executive Head of Technicalb) Initial notification Initial notification /Amendment3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Thungela Resources Limitedb) LEI 213800EGYK3BN3SRIF274 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda) Description of the financial Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554b) Nature of the transaction Reinvestment of dividends accruing to ordinary shares previously awarded as conditional share awardsc) Price(s) and volume(s) Price(s) Volume(s) R89.37 2,507 R89.37 3,119d) Aggregated information - Aggregated volume 5,626 - Price R502,795.62e) Date of the transaction 14 May 2025f) Place of the transaction Off market1 Details of the person discharging managerial responsibilities / person closely associateda) Name Lesego Elias Mataboge2 Reason for the notificationa) Position/status PDMR – Executive Head of Human Resourcesb) Initial notification Initial notification /Amendment3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Thungela Resources Limitedb) LEI 213800EGYK3BN3SRIF274 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda) Description of the financial Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554b) Nature of the transaction Reinvestment of dividends accruing to ordinary shares previously awarded as conditional share awardsc) Price(s) and volume(s) Price(s) Volume(s) R89.37 1,781 R89.37 2,293d) Aggregated information - Aggregated volume 4,074 - Price R364,093.38e) Date of the transaction 14 May 2025f) Place of the transaction Off market1 Details of the person discharging managerial responsibilities / person closely associateda) Name Nompumelelo Sithole2 Reason for the notificationa) Position/status PDMR – Executive Head of Corporate Affairsb) Initial notification Initial notification /Amendment3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Thungela Resources Limitedb) LEI 213800EGYK3BN3SRIF274 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda) Description of the financial Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554b) Nature of the transaction Reinvestment of dividends accruing to ordinary shares previously awarded as conditional share awardsc) Price(s) and volume(s) Price(s) Volume(s) R89.37 1,781 R89.37 2,293d) Aggregated information - Aggregated volume 4,074 - Price R364,093.38e) Date of the transaction 14 May 2025f) Place of the transaction Off market1 Details of the person discharging managerial responsibilities / person closely associateda) Name Carina Venter2 Reason for the notificationa) Position/status PDMR – Executive Head of Safety, Health and Environmentb) Initial notification Initial notification /Amendment3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Thungela Resources Limitedb) LEI 213800EGYK3BN3SRIF274 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda) Description of the financial Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554b) Nature of the transaction Reinvestment of dividends accruing to ordinary shares previously awarded as conditional share awardsc) Price(s) and volume(s) Price(s) Volume(s) R89.37 1,781 R89.37 2,293d) Aggregated information - Aggregated volume 4,074 - Price R364,093.38e) Date of the transaction 14 May 2025f) Place of the transaction Off market1 Details of the person discharging managerial responsibilities / person closely associateda) Name Bernard Michael Dalton2 Reason for the notificationa) Position/status PDMR – Executive Head of Marketingb) Initial notification Initial notification /Amendment3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Thungela Resources Limitedb) LEI 213800EGYK3BN3SRIF274 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda) Description of the financial Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554b) Nature of the transaction Reinvestment of dividends accruing to ordinary shares previously awarded as conditional share awardsc) Price(s) and volume(s) Price(s) Volume(s) R89.37 2,134 R89.37 2,722d) Aggregated information - Aggregated volume 4,856 - Price R433,980.72e) Date of the transaction 14 May 2025f) Place of the transaction Off marketDate: 15-05-2025 12:00:00Produced by the JSE SENS Department. 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ABOUT US
OverviewThungela is a leading pure-play producer and exporter of high-quality, low-cost thermal coal with operations in South Africa and Australia.
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ESG
OverviewOur ESG approach supports our purpose “to responsibly create value together for a shared future”.
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OUR PEOPLE
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INVESTORS
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SUPPLIERS
OverviewWe expect our suppliers to comply with all applicable laws and to uphold our commitment to enhancing lives, strengthening communities and protecting the environment.
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NEWS
