Dealings in Securities

In brief · summary, not quotable

Company purchased 127,356 ordinary shares on-market for employee share plan settlements.

Shares purchased 21 August 36,477
Shares purchased 22 August 90,879
VWAP 21 August R90.04 per share
VWAP 22 August R93.04 per share
Total transaction value R11,739,771.24

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JSE share code: TGA

LSE share code: TGA

Tax number: 9111917259

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

In compliance with paragraph 3.96 of the Listings Requirements of the JSE Limited ("the JSE Listings Requirements"), we provide the following information regarding the purchase of shares on the open market to be used for the future settlement of rights issued as conditional shares under the 2021 Thungela Share Plan. The purchased shares will be held in Treasury until such time that the shares have vested under the rules of the 2021 Thungela Share Plan.

Date of transaction:	21 August 2025
Nature of transaction:	On-market acquisition of securities
Class of securities:	Ordinary shares
Number of securities:	36,477
Volume weighted average purchase price per security:	R90.04
Highest purchase price per security:	R91.03
Lowest purchase price per security:	R87.56
Transaction value:	R3,284,389.08
Nature of interest:	Direct beneficial
Date of transaction:	22 August 2025
Nature of transaction:	On-market acquisition of securities
Class of securities:	Ordinary shares
Number of securities:	90,879
Volume weighted average purchase price per security:	R93.04
Highest purchase price per security:	R95.61
Lowest purchase price per security:	R91.15
Transaction value:	R8,455,382.16
Nature of interest:	Direct beneficial