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

('Thungela' or 'the Group' or 'the Company')

WARNING TO SHAREHOLDERS AND INVESTORS REGARDING PURPORTED OFFER OF THUNGELA SECURITIES

Shareholders and investors are advised that it has come to the attention of the Company that a third party, operating without authorisation and under the name and style of JSE Limited - Preference Shares Department, is attempting to solicit subscribers for a purported offer for subscription in respect of redeemable preference shares ("Purported Offer").

The Purported Offer amounts to share fraud and has been reported by the Company to the JSE Limited, the South African Financial Sector Conduct Authority and to the United Kingdom Financial Conduct Authority for investigation.

Shareholders and investors are referred to the Group's website, www.thungela.com, for general information on the Company and for shareholder / investor documentation and to https://www.thungela.com/investors

for guidance around avoiding share fraud and other investment scams.

Investor Relations 

Ryan Africa

Email: ryan.africa@thungela.com

Media Contacts

Tarryn Genis

Email: tarryn.genis@thungela.com

UK Financial adviser and corporate broker

Liberum Capital Limited

Sponsor

Rand Merchant Bank

(a division of FirstRand Bank Limited)

Rosebank

Johannesburg

29 March 2022