Dealings in Securities

Summary by AI ^BETAClose X

Thungela Resources Limited announced that its 2021 Share Plan acquired 750,894 ordinary shares on the market between March 31, 2026, and April 7, 2026, for a total transaction value of R127,088,113.46. This acquisition was conducted to settle forfeitable share-based awards in accordance with the plan's rules, with individual daily transactions ranging from 150,894 to 200,000 shares and average prices per share around R169.

Disclaimer*

Thungela Resources Limited

08 April 2026

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 Shares:	VWAP:		Highest Price:	Lowest Price:	Transaction 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)

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