Dealings in Securities

In brief · summary, not quotable

Thungela sold 81,897 forfeited share plan shares on-market for R6.57m at R80.23 average price.

Shares sold (11 Nov) 40,813
Shares sold (12 Nov) 41,084
Volume weighted average price (11 Nov) R80.54
Volume weighted average price (12 Nov) R79.91
Total transaction value R6,570,101.46

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JSE share code: TGA

LSE share code: TGA

Tax number: 9111917259

("Thungela" or the "Company")

DEALINGS IN SECURITIES BY THE THUNGELA SHARE PLAN

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 sale of shares on the open market related to shares that were forfeited by participants under the Company's 2021 Share Plan and Remuneration Policy.

Date of transaction:	11 November 2025
Nature of transaction:	On-market sale of securities
Class of securities:	Ordinary shares
Number of securities:	40,813
Volume weighted average selling price per security:	R80.54
Highest sale price per security:	R82.99
Lowest sale price per security:	R79.74
Transaction value:	R3,287,079.02
Nature of interest:	Direct beneficial
Date of transaction:	12 November 2025
Nature of transaction:	On-market sale of securities
Class of securities:	Ordinary shares
Number of securities:	41,084
Volume weighted average selling price per security:	R79.91
Highest sale price per security:	R81.10
Lowest sale price per security:	R78.10
Transaction value:	R3,283,022.44
Nature of interest:	Direct beneficial