THUNGELA RESOURCES LIMITED - Dealing in securities by prescribed officer

Dealing in securities by prescribed officer

Thungela Resources Limited                                                                                                              [OFFICIAL]
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 PRESCRIBED OFFICER

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

 Prescribed Officer                                  :   Bernard Dalton
 Company                                             :   Thungela Resources
 Date of transaction                                 :   3 November 2026
 Class of securities                                 :   Ordinary shares
 Nature of transaction                               :   On-market sale of ordinary shares
 Number of securities                                :   9797
 Volume weighted average sale price per share        :   R129.48
 Highest sale price per share                        :   R129.54
 Lowest sale price per share                         :   R129.47
 Total value of transaction                          :   1 268 515,56
 Nature of interest                                  :   Direct, beneficial
 Clearance obtained                                  :   Yes

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

UK Financial adviser and corporate broker
Panmure Liberum Limited

Johannesburg
9 November 2026
                                                                                                                                         [OFFICIAL]



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                                Bernard Dalton

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

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         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       Price (ZAR)
      volume(s)                  9797         129,48

d.    Aggregated                 Price: ZAR129,48
      information

      - Aggregated Volume        Volume: 9797

      - Price                    ZAR 1 268 515, 56

e.     Date of the               3 November 2026
       transaction

f.     Place of the              XJSE
       transaction
Date: 09/11/2026 04:45:00
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