Thungela Resources Limited — Director's Dealing 2026

Mar 30, 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 NON-EXECUTIVE DIRECTOR

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

Director	:	Seamus French
Company	:	Thungela Resources
Date of transaction	:	24 March 2026
Class of securities	:	Ordinary shares
Nature of transaction	:	On-market sale of ordinary shares
Number of securities	:	10,000
Price per share	:	R166.58
Total value of transaction	:	R1 665 800
Nature of interest	:	Direct, beneficial
Clearance obtained	:	Yes

UK Financial adviser and corporate broker
Panmure Liberum Limited

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Johannesburg
30 March 2026

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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		Seamus French
2	Reason for notification
a.	Position/Status		Non-Executive Director / 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	Sale of Shares
c.	Price(s) and volume(s)	Volume Price (ZAR)
10000 166,58
d.	Aggregated information
- Aggregated Volume
- Price	Price: ZAR166,58
Volume: 10000
ZAR 1 665 800
e.	Date of the transaction	24 March 2026
f.	Place of the transaction	XJSE