Dealings in Securities

Summary by AI ^BETAClose X

Thungela Resources Limited announced the on-market sale of 12,224 ordinary shares on November 28, 2025, related to shares forfeited under the Company's 2021 Share Plan. The volume-weighted average selling price was R80.60 per security, with the highest sale at R82.63 and the lowest at R79.84, resulting in a total transaction value of R985,254.40. This transaction was conducted with direct beneficial interest and clearance to deal was obtained.

Disclaimer*

Thungela Resources Limited

04 December 2025

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 THUNGELA SHARE PLAN

In compliance with paragraph 3.96 of the Listings Requirements of the JSE Limited ("the JSE Listings Requirements"), we provide the following information regarding the sale of shares on the open market related to shares that were forfeited by participants under the Company's 2021 Share Plan and Remuneration Policy.

Date of transaction:	28 November 2025
Nature of transaction:	On-market sale of securities
Class of securities:	Ordinary shares
Number of securities:	12,224
Volume weighted average selling price per security:	R80.60
Highest sale price per security:	R82.63
Lowest sale price per security:	R79.84
Transaction value:	R985,254.40
Nature of interest:	Direct beneficial

Clearance to deal in terms of the JSE Listings Requirements was obtained.

Johannesburg

4 December 2025

UK Financial adviser and corporate broker

Panmure Liberum Limited

JSE Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)

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