Dealings in Securities

Thungela Resources Limited

24 March 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 DIRECTOR

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

Director	:	Gideon Frederick Smith
Company	:	Thungela Resources
Date of transaction	:	23 March 2026
Class of securities	:	Ordinary shares
Nature of transaction	:	The early termination of an off-market collar hedge over 250 000 ordinary shares announced on 29 April 2024, which will result in the sale of the shares at a price of R172.6192 per share to settle the mark-to-market of the options and related funding transaction.
Number of securities	:	250 000
Total value of transaction	:	R43,154,800
Nature of interest	:	Direct, beneficial
Clearance obtained	:	Yes

Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

UK Financial adviser and corporate broker

Panmure Liberum Limited

Johannesburg

24 March 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		PDMR
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	Early termination of an off-market collar hedge over shares of the Company to settle the mark-to-market of the options and related funding transaction.
c.	Price(s) and volume(s)	250 000 ordinary shares exercised at R172.6192 per share.
d.	Aggregated information  - Aggregated Volume  - Price	Volume: 250 000 ordinary shares Price: R172.6192
e.	Date of the transaction	24 March 2026
f.	Place of the transaction	XJSE

 

END