Dealings in Securities

Summary by AI ^BETAClose X

Gideon Frederick Smith, an Executive Director of Thungela Resources, engaged in an off-market collar hedge transaction on May 22, 2026, involving 181,898 ordinary shares. This transaction, with a total value of R24,488,927, has a put strike price of R134.63 and a call strike price of R150.30, with the hedge expiring on March 31, 2027.

Disclaimer*

Thungela Resources Limited

26 May 2026

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 A EXECUTIVE DIRECTOR

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

Executive Director	:	Gideon Frederick Smith
Company	:	Thungela Resources
Date of transaction	:	22 May 2026
Class of securities	:	Thungela Resources ordinary shares
Nature of transaction	:	Off-market collar hedge over 181 898 ordinary shares of the Company with a put strike price of R134.63, call strike price of R150.30 and expiry on 31 March 2027.
Number of securities	:	181 898
Total value of transaction	:	R24 488 927
Nature of interest	:	Direct, beneficial
Clearance obtained	:	Yes

Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

UK Financial adviser and corporate broker

Liberum Capital Limited

Johannesburg

26 May 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		Gideon Frederick Smith
2	Reason for notification
a.	Position/Status		Executive Director
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
4	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 conducted
a.	Description of the financial instrument, type of instrument Identification Code	Ordinary shares of no par value ISIN: ZAE000296554 SEDOL: BMV3M27
b.	Nature of the transaction	Off-market collar hedge over shares of the Company
c.	Price(s) and volume(s)	181 898 ordinary shares with a put strike price of R134.63, call strike price of R150.30 and expiry on 31 March 2027.
d.	Aggregated information - Aggregated Volume - Price	Volume: 181 898 R 24 488 927
e.	Date of the transaction	22 May 2026
f.	Place of the transaction	XJSE

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