REG - Thungela Resources - Confirmation of Treasury Shares Held

Thungela Resources Limited confirms holding 13,718,845 treasury shares as of 30 November 2025. This includes 11,700,761 shares held by subsidiaries and 2,018,084 shares in broker accounts for employees. The total number of ordinary shares with voting rights is 128,791,824. This announcement is in accordance with the UK Financial Conduct Authority's rules.

RNS Number : 0549K Thungela Resources Limited 03 December 2025

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

('Thungela' or the 'Company' and, together with its affiliates, the 'Group')

CONFIRMATION OF TREASURY SHARES HELD

The following notification is made in accordance with the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rule 5.6.

At 30 November 2025, the Group holds a total of 13,718,845 shares in treasury. This includes 11,700,761 shares held directly by subsidiaries and 2,018,084 shares held in separate broker accounts for employees. The shares held in employee broker accounts relate to share awards in terms of the Thungela share plan which have not yet vested and/or sign-on awards granted to new employees subject to forfeiture conditions. These shares are considered, for accounting purposes, to be treasury shares for Thungela until the awards have vested or the forfeiture conditions have been satisfied.

The 11,700,761 treasury shares held directly by subsidiaries do not carry voting rights.

The total number of ordinary shares in issue which carry voting rights amounts to

128,791,824.

This information may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in the Company.

3 December 2025

Rosebank

UK Financial adviser and corporate broker

Panmure Liberum Limited

Tel: +44 20 3100 2000

Sponsor

Rand Merchant Bank

(A division of FirstRand Bank Limited)

Tel: +27 11 282 8000

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