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Dealing in securities by a prescribed officer and an associate of a prescribed officer

Published: 2022-10-03 14:01:13 ET [no company card]
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 PRESCRIBED OFFICER AND AN ASSOCIATE OF A
PRESCRIBED OFFICER

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 prescribed officer and an associate of a prescribed officer of
Thungela Resources are disclosed:

 Prescribed officer                                    :   Johan van Schalkwyk
 Company                                               :   Thungela Resources
 Date of transaction                                   :   17 February 2022
 Class of securities                                   :   Thungela Resources ordinary shares
 Nature of transaction                                 :   On-market acquisition of ordinary shares
 Number of securities                                  :   931
 Purchase price per share                              :   R114.84
 Total value of transaction                            :   R106,916.04
 Nature and extent of director’s interest              :   Direct beneficial
 Clearance obtained                                    :   No – prescribed officer was not aware of the
                                                           trade as it was executed by an associate

 Date of transaction                                   :   6 April 2022
 Class of securities                                   :   Thungela Resources ordinary shares
 Nature of transaction                                 :   On-market sale of ordinary shares
 Number of securities                                  :   931
 Sale price per share                                  :   R233.40
 Total value of transaction                            :   R217,295.40
 Nature and extent of director’s interest              :   Direct beneficial
 Clearance obtained                                    :   No – prescribed officer was not aware of the
                                                           trade as it was executed by an associate



 Prescribed officer                                    :   Johan van Schalkwyk
 Company                                               :   Thungela Resources
 Name of associate                                     :   Melanie van Schalkwyk
 Relationship to the prescribed officer                    Spouse

 Date of transaction                                   :   17 August 2021
 Class of securities                                   :   Thungela Resources ordinary shares
 Nature of transaction                                 :   On-market acquisition of ordinary shares
 Number of securities                                  :   58
Purchase price per share                   :   R48.56
Total value of transaction                 :   R2,816.48
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   4 October 2021
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market acquisition of ordinary shares
Number of securities                       :   83
Purchase price per share                   :   R96.11
Total value of transaction                 :   R7,977.13
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   15 October 2021
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market sale of ordinary shares
Number of securities                       :   137
Sale price per share                       :   R82.29
Total value of transaction                 :   R11,273.73
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   3 November 2021
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market acquisition of ordinary shares
Number of securities                       :   40
Purchase price per share                   :   R61.97
Total value of transaction                 :   R2,478.80
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   4 November 2021
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market acquisition of ordinary shares
Number of securities                       :   129
Purchase price per share                   :   R65.13
Total value of transaction                 :   R8,401.77
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   24 November 2021
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market sale of ordinary shares
Number of securities                       :   174
Sale price per share                       :   R71.32
Total value of transaction                 :   R12,409.68
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   24 November 2021
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market acquisition of ordinary shares
Number of securities                       :   3
Purchase price per share                   :   R71.43
Total value of transaction                 :   R214.29
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   20 December 2021
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market acquisition of ordinary shares
Number of securities                       :   140
Purchase price per share                   :   R84.49
Total value of transaction                 :   R11,828.60
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   8 February 2022
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market acquisition of ordinary shares
Number of securities                       :   419
Purchase price per share                   :   R102.63
Total value of transaction                 :   R43,001.97
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   15 February 2022
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market acquisition of ordinary shares
Number of securities                       :   456
Purchase price per share                   :   R118.31
Total value of transaction                 :   R53,949.36
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing



Date of transaction                        :   31 March 2022
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market acquisition of ordinary shares
Number of securities                       :   56
Purchase price per share                   :   R177.46
Total value of transaction                 :   R9,937.76
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing



Date of transaction                        :   12 April 2022
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market sale of ordinary shares
Number of securities                       :   1074
Sale price per share                       :   R243.08
Total value of transaction                 :   R261,067.92
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   12 April 2022
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market acquisition of ordinary shares
Number of securities                       :   2
Purchase price per share                   :   R245.10
Total value of transaction                 :   R490.20
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   20 April 2022
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market acquisition of ordinary shares
Number of securities                       :   39
Purchase price per share                   :   R258.53
Total value of transaction                 :   R10,082.67
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   10 May 2022
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market acquisition of ordinary shares
Number of securities                       :   216
Purchase price per share                   :   R231.91
Total value of transaction                 :   R50,092.56
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   17 May 2022
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market sale of ordinary shares
Number of securities                       :   256
Sale price per share                       :   R268.99
Total value of transaction                 :   R68,861.44
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   17 May 2022
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market acquisition of ordinary shares
Number of securities                       :   1
Purchase price per share                   :   R270.00
Total value of transaction                 :   R270.00
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   15 August 2022
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market acquisition of ordinary shares
Number of securities                       :   740
Purchase price per share                   :   R283.63
Total value of transaction                 :   R209,886.20
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   15 August 2022
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market acquisition of ordinary shares
Number of securities                       :   169
Purchase price per share                   :   R294.71
Total value of transaction                 :   R49,805.99
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   18 August 2022
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market sale of ordinary shares
Number of securities                       :   621
Sale price per share                       :   R320.62
Total value of transaction                 :   R199,105.02
Nature and extent of director’s interest   :   Not applicable
Clearance obtained                         :   Not required – Associate dealing

Date of transaction                        :   22 August 2022
Class of securities                        :   Thungela Resources ordinary shares
Nature of transaction                      :   On-market sale of ordinary shares
Number of securities                       :   250
Sale price per share                       :   R324.76
Total value of transaction                 :   R81,190.00
 Nature and extent of director’s interest   :   Not applicable
 Clearance obtained                         :   Not required – Associate dealing

 Date of transaction                        :   12 September 2022
 Class of securities                        :   Thungela Resources ordinary shares
 Nature of transaction                      :   On-market acquisition of ordinary shares
 Number of securities                       :   766
 Purchase price per share                   :   R345.17
 Total value of transaction                 :   R264,400.22
 Nature and extent of director’s interest   :   Not applicable
 Clearance obtained                         :   Not required – Associate dealing

 Date of transaction                        :   21 September 2022
 Class of securities                        :   Thungela Resources ordinary shares
 Nature of transaction                      :   On-market acquisition of ordinary shares
 Number of securities                       :   50
 Purchase price per share                   :   R321.03
 Total value of transaction                 :   R16,051.50
 Nature and extent of director’s interest   :   Not applicable
 Clearance obtained                         :   Not required – Associate dealing

 Date of transaction                        :   21 September 2022
 Class of securities                        :   Thungela Resources ordinary shares
 Nature of transaction                      :   On-market acquisition of ordinary shares
 Number of securities                       :   35
 Purchase price per share                   :   R320.14
 Total value of transaction                 :   R11,204.90
 Nature and extent of director’s interest   :   Not applicable
 Clearance obtained                         :   Not required – Associate dealing

 Date of transaction                        :   26 September 2022
 Class of securities                        :   Thungela Resources ordinary shares
 Nature of transaction                      :   On-market acquisition of ordinary shares
 Number of securities                       :   176
 Purchase price per share                   :   R295.29
 Total value of transaction                 :   R51,971.04
 Nature and extent of director’s interest   :   Not applicable
 Clearance obtained                         :   Not required – Associate dealing

3 October 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                              Melanie van Schalkwyk
 2      Reason for the notification
 a)     Position/status                     Spouse of PDMR – Prescribed Officer
 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)
                                               R48.56                   58

 d)     Aggregated information
        - Aggregated volume               58
        - Price                           R2,816.48
 e)     Date of the transaction           17 August 2021
 f)     Place of the transaction          On market

 1      Details of the person discharging managerial responsibilities / person closely associated
 a)     Name                                Melanie van Schalkwyk
 2      Reason for the notification
 a)     Position/status                     Spouse of PDMR – Prescribed Officer
 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)
                                            R96.11                   83

d)   Aggregated information
     - Aggregated volume               83
     - Price                           R7,977.13
e)   Date of the transaction           4 October 2021
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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 sale of ordinary shares
c)   Price(s) and volume(s)
                                            Price(s)                 Volume(s)
                                            R82.29                   137

d)   Aggregated information
     - Aggregated volume               137
     - Price                           R11,273.73
e)   Date of the transaction           15 October 2021
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R61.97                   40

d)   Aggregated information
     - Aggregated volume               40
     - Price                           R2,478.80
e)   Date of the transaction           3 November 2021
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R65.13                   129

d)   Aggregated information
     - Aggregated volume               129
     - Price                           R8,401.77
e)   Date of the transaction           4 November 2021
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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 sale of ordinary shares
c)   Price(s) and volume(s)
                                            Price(s)                 Volume(s)
                                            R71.32                   174

d)   Aggregated information
     - Aggregated volume               174
     - Price                           R12,409.68
e)   Date of the transaction           24 November 2021
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R71.43                   3

d)   Aggregated information
     - Aggregated volume               3
     - Price                           R214.29
e)   Date of the transaction           24 November 2021
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R84.49                   140

d)   Aggregated information
     - Aggregated volume               140
     - Price                           R11,828.60
e)   Date of the transaction           20 December 2021
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R102.63                  419

d)   Aggregated information
     - Aggregated volume               419
     - Price                           R43,001.97
e)   Date of the transaction           8 February 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R118.31                  456

d)   Aggregated information
     - Aggregated volume               456
     - Price                           R53,949.36
e)   Date of the transaction           15 February 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Johan van Schalkwyk
2    Reason for the notification
a)   Position/status                     PDMR – Prescribed Officer
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)
                                            R114.84                  931

d)   Aggregated information
     - Aggregated volume               931
     - Price                           R106,916.04
e)   Date of the transaction           17 February 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R177.46                  56

d)   Aggregated information
     - Aggregated volume               56
     - Price                           R9,937.76
e)   Date of the transaction           31 March 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Johan van Schalkwyk
2    Reason for the notification
a)   Position/status                     PDMR – Prescribed Officer
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 sale of ordinary shares
c)   Price(s) and volume(s)
                                            Price(s)                 Volume(s)
                                            R233.40                  931

d)   Aggregated information
     - Aggregated volume               931
     - Price                           R217,295.40
e)   Date of the transaction           6 April 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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 sale of ordinary shares
c)   Price(s) and volume(s)
                                            Price(s)                 Volume(s)
                                            R243.08                  1074

d)   Aggregated information
     - Aggregated volume               1074
     - Price                           R261,067.92
e)   Date of the transaction           12 April 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R245.10                  2

d)   Aggregated information
     - Aggregated volume               2
     - Price                           R490.20
e)   Date of the transaction           12 April 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R258.53                  39

d)   Aggregated information
     - Aggregated volume               39
     - Price                           R10,082.67
e)   Date of the transaction           20 April 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R231.91                  216

d)   Aggregated information
     - Aggregated volume               216
     - Price                           R50,092.56
e)   Date of the transaction           10 May 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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 sale of ordinary shares
c)   Price(s) and volume(s)
                                            Price(s)                 Volume(s)
                                            R268.99                  256

d)   Aggregated information
     - Aggregated volume               256
     - Price                           R68,861.44
e)   Date of the transaction           17 May 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R270.00                  1

d)   Aggregated information
     - Aggregated volume               1
     - Price                           R270.00
e)   Date of the transaction           17 May 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R283.63                  740

d)   Aggregated information
     - Aggregated volume               740
     - Price                           R209,886.20
e)   Date of the transaction           15 August 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R294.71                  169

d)   Aggregated information
     - Aggregated volume               169
     - Price                           R49,805.99
e)   Date of the transaction           15 August 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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 sale of ordinary shares
c)   Price(s) and volume(s)
                                            Price(s)                 Volume(s)
                                            R320.62                  621

d)   Aggregated information
     - Aggregated volume               621
     - Price                           R199,105.02
e)   Date of the transaction           18 August 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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 sale of ordinary shares
c)   Price(s) and volume(s)
                                            Price(s)                 Volume(s)
                                            R324.76                  250

d)   Aggregated information
     - Aggregated volume               250
     - Price                           R81,190.00
e)   Date of the transaction           22 August 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R345.17                  766

d)   Aggregated information
     - Aggregated volume               766
     - Price                           R264,400.22
e)   Date of the transaction           12 September 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R321.03                  50

d)   Aggregated information
     - Aggregated volume               50
     - Price                           R16,051.50
e)   Date of the transaction           21 September 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R320.14                  35

d)   Aggregated information
     - Aggregated volume               35
     - Price                           R11,204.90
e)   Date of the transaction           21 September 2022
f)   Place of the transaction          On market

1    Details of the person discharging managerial responsibilities / person closely associated
a)   Name                                Melanie van Schalkwyk
2    Reason for the notification
a)   Position/status                     Spouse of PDMR – Prescribed Officer
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)
                                            R295.26                  176

d)   Aggregated information
     - Aggregated volume               176
     - Price                           R51,971.04
e)   Date of the transaction    26 September 2022
f)   Place of the transaction   On market