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
(‘Company’ or ‘Thungela Resources’)

DEALING IN SECURITIES BY A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following
information relating to dealing in securities by a director of Thungela Resources is disclosed:

 Director                                           :   Sango Siviwe Ntsaluba
 Company                                            :   Thungela Resources
 Date of transaction                                :   6 September 2022
 Class of securities                                :   Thungela Resources ordinary shares
 Nature of transaction                              :   On-market acquisition of ordinary shares
 Number of securities                               :   830
 Purchase price per share                           :   35847.08 cents
 Total value of transaction                         :   R297 530.76
 Nature of interest                                 :   Direct, beneficial
 Clearance obtained                                 :   Yes

6 September 2022
Rosebank

UK Financial adviser and corporate broker
Liberum Capital Limited

Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

In compliance with article 19(3) of the Market Abuse Regulation (MAR), we hereby provide the following
information regarding the dealing in securities:

 1      Details of the person discharging managerial responsibilities / person closely associated
 a)     Name                                Sango Siviwe Ntsaluba
 2      Reason for the notification
 a)     Position/status                     PDMR – Non Executive Director
 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        Ordinary shares of no par value
     instrument, type of instrument
     Identification code                 ISIN: ZAE000296554
b)   Nature of the transaction           On-market acquisition of ordinary shares
c)   Price(s) and volume(s)
                                            Price(s)                 Volume(s)
                                            R358.47                  830

d)   Aggregated information
     - Aggregated volume               830
     - Price                           R297,530.76
e)   Date of the transaction           6 September 2022
f)   Place of the transaction          On market