Dealing in securities by a director

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
Tax number: 9111917259
(‘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 the dealing in securities by a director of Thungela Resources is disclosed:

Director : Gideon Frederick Smith
Company : Thungela Resources
Date of transaction : 16 September 2022
Class of securities : Thungela Resources ordinary shares
Nature of transaction : On-market sale of ordinary shares
Number of securities : 30,000
Volume weighted average sales price per share : 379.83
Highest sales price 382.48
Lowest sales price 377.99
Total value of transaction : R 11 394 900.00
Nature of interest : Direct, beneficial
Clearance obtained : Yes

Director : Gideon Frederick Smith
Company : Thungela Resources
Date of transaction : 19 September 2022
Class of securities : Thungela Resources ordinary shares
Nature of transaction : On-market sale of ordinary shares
Number of securities : 3,485
Sales price per share : 375.00
Total value of transaction : R 1 306 875.00
Nature of interest : Direct, beneficial
Clearance obtained : Yes

Director : Gideon Frederick Smith
Company : Thungela Resources
Date of transaction : 20 September 2022
Class of securities : Thungela Resources ordinary shares
Nature of transaction : On-market sale of ordinary shares
Number of securities : 26,515
Volume weighted average sales price per share : 377.34
Highest sales price 380.76
Lowest sales price 375.50
Total value of transaction : R 10 005 170.10

Nature of interest : Direct, beneficial
Clearance obtained : Yes

21 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 Gideon Frederick Smith
2 Reason for the notification
a) Position/status PDMR – 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 sale of ordinary shares
c) Price(s) and volume(s)
Price(s) Volume(s)
379.83 30 000
375.00 3 485
377.34 26 515

d) Aggregated information
- Aggregated volume 60 000
- Price R22 706 945.10
e) Date of the transaction 16/ 19/ 20 September 2022
f) Place of the transaction On market

Date: 21-09-2022 09:00:00
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