Dealings in securities by the Company's 2021 Share Plan

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
("Thungela" or the "Company")

DEALINGS IN SECURITIES BY THE COMPANY'S 2021 SHARE PLAN

In compliance with paragraph 6.90 of the Listings Requirements of the JSE Limited ("the JSE
Listings Requirements"), shareholders are advised of the following transactions. The transactions
relate to the on-market acquisition of ordinary shares by the Company's 2021 Share Plan for the
purpose of settling forfeitable share-based awards. The acquisition was undertaken in accordance
with the rules of the Company's 2021 Share Plan.


Nature of transaction: On-market acquisition of securities
Class of securities: Ordinary shares
Number of shares: 750,894
Transaction value: R127,088,113.46
Trading period: 31 March 2026 to 7 April 2026
Nature of interest: Direct beneficial


Date: Number of VWAP: Highest Lowest Transaction
Shares: Price: Price: Value:
31 March 2026 200,000 R168.44 R177.87 R167.00 R33,688,000.00
1 April 2026 200,000 R169.17 R173.64 R157.99 R33,834,000.00
2 April 2026 200,000 R169.88 R174.90 R164.28 R33,976,000.00
7 April 2026 150,894 R169.59 R173.80 R167.35 R25,590,113.46

Clearance for these transactions has been obtained in accordance with paragraph 6.83 of the
JSE Listings Requirements.

Johannesburg
8 April 2026

UK Financial adviser and corporate broker
Panmure Liberum Limited

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

Date: 08-04-2026 03:30:00
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