Dealings in Securities
CFO Deon Smith's conditional share award vested, 17,268 shares at R156.33 per share.
- Shares vested 17,268
- Vesting price per share R156.33
- Transaction value R2,699,506.44
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JSE share code: TGA
LSE share code: TGA
Tax number: 9111917259
("Thungela" or the "Company")
DEALINGS IN SECURITIES BY AN EXECUTIVE DIRECTOR
In compliance with paragraphs 6.77 to 6.89 of the Listings Requirements of the JSE Limited ("the JSE Listings Requirements"), shareholders are advised of the following transaction. The transaction relates to the vesting of conditional share awards subject to a two-year post-vesting holding period by an Executive Director, during which the shares may not be disposed of. The vesting occurred in terms of the Company's 2021 Share Plan and as contemplated in the Remuneration Policy.
| Chief Financial Officer: | Deon Smith |
| Nature of transaction: | Off market vesting of measured conditional shares subject to a further two-year holding period |
| Vesting Date: | 28 April 2026 |
| Class of securities: | Ordinary shares |
| Number of shares: | 17,268 |
| Vesting price: | R156.33 |
| Transaction value: | R2,699,506.44 |
| Nature of interest: | Direct beneficial |
The performance conditions for the Award were measured on 27 February 2026.
Vesting price represents the dividend-adjusted volume weighted average price of a Thungela share on the JSE for the 20 business days ended 24 April 2026. This equates to R156.33 per share.
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Panmure Liberum Limited
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Rand Merchant Bank (A division of FirstRand Bank Limited)
Notification of Dealing Forms
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Deon Smith |
| 2 | Reason for the notification | |
| a) | Position/status | PDMR - Chief Financial Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Thungela Resources Limited |
| b) | LEI | 213800EGYK3BN3SRIF27 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of no par value |
| Identification code | ISIN: ZAE000296554 | |
| b) | Nature of the transaction | Off market vesting of measured conditional shares subject to a further two-year holding period |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| R156.33 | 17,268 | |
| d) | Aggregated information | |
| - Aggregated volume | 17,268 | |
| - Price | R2,699,506.44 | |
| e) | Date of the transaction | 28 April 2026 |
| f) | Place of the transaction | Off market |
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