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

    Prescribed Officer                                    :   Lesego Mataboge
    Company                                               :   Thungela Resources
    Date of transaction                                   :   22 August 2023
    Class of securities                                   :   Thungela Resources ordinary shares
    Nature of transaction                                 :   On-market sale of ordinary shares
    Number of securities                                  :   1336
    Volume weighted average sale price per share          :   R143.18
    Highest sale price per share                          :   R143.21
    Lowest sale price per share                           :   R143.15
    Total value of transaction                            :   R191 298.78
    Nature of interest                                    :   Direct, beneficial
    Clearance obtained                                    :   Yes

UK Financial adviser and corporate broker
Liberum Capital Limited

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

Rosebank
22 August 2023



         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                              Lesego Mataboge

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

     Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each
4    type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.   Description of the      Ordinary shares of no par value
     financial instrument,
     type of instrument      ISIN: ZAE000296554

     Identification Code     SEDOL: BMV3M27


b.   Nature of the           Sale of Shares
     transaction
c.   Price(s) and            Volume 220       Price    R143.15
     volume(s)               Volume 829       Price    R143.19
                             Volume 287       Price    R143.21

d.   Aggregated              Price: ZAR143.18
     information

     - Aggregated Volume     Volume: 1336

     - Price                 ZAR191 298.78
e.   Date of the             22 August 2023
     transaction
f.   Place of the            XJSE
     transaction