DEALINGS IN SECURITIES BY THE COMPANY SECRETARY

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Company Secretary:	Altovise Alaxa Ellis
Grant Date:	1 November 2024
Date of transaction:	1 November 2024
Nature of transaction:	Off market grant and acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	7,010 (33,33% of shares will vest in equal tranches over 3 years provided that the company secretary remains in the employ of the Company)
Award price per share*:	R122.48
Transaction value:	R858 584.80
Nature of interest:	Direct beneficial

Date	Highest price per share	Lowest price per share
4 October 2024	122.67	114.57
7 October 2024	122.85	117.41
8 October 2024	122.29	116.75
9 October 2024	123.64	119.66
10 October 2024	124.74	120.85
11 October 2024	124.03	118.26
14 October 2024	121.18	118.02
15 October 2024	123.82	119.12
16 October 2024	123.52	116.00
17 October 2024	121.95	116.00
18 October 2024	125.80	120.50
21 October 2024	126.89	121.92
22 October 2024	126.48	122.90
23 October 2024	128.50	125.46
24 October 2024	127.41	125.33
25 October 2024	131.95	123.94
28 October 2024	131.40	128.02
29 October 2024	132.50	127.80
30 October 2024	128.31	124.67
31 October 2024	128.89	125.00

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Altovise Alaxa Ellis
2	Reason for the notification
a)	Position/status	Company Secretary
b)	Initial notification /Amendment	Initial notification
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	Ordinary shares of no par value
	Identification code	ISIN: ZAE000296554
b)	Nature of the transaction	Direct beneficial
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R122.48	7,010

d)	Aggregated information
	- Aggregated volume	7,010
	- Price	R858 584.80
e)	Date of the transaction	1 November 2024
f)	Place of the transaction	Off market

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