Confirmation of Treasury Shares Held

JSE Share Code: TGA

LSE Share Code: TGA

Tax number: 9111917259

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

CONFIRMATION OF TREASURY SHARES HELD

At 31 March 2024, the Group holds a total of 3,961,154 shares in treasury. This includes 3,349,334 shares held directly by subsidiaries and 611,820 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. These shares are considered treasury shares for Thungela until the awards have vested, in line with the rules of the Thungela share plan.

The 3,349,334 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 137,143,251.

Rosebank

UK Financial adviser and corporate broker

Liberum Capital Limited

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RAND MERCHANT BANK (A division of FirstRand Bank Limited)