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

Tax number: 9111917259

('Company')

PASSING OF INDEPENDENT NON-EXECUTIVE DIRECTOR

It is with deep sadness that the Thungela Resources Limited board of directors ("Board") learned of the passing away of Thero Micarios Lesego Setiloane on 01 May 2024.

Thero served as an Independent Non-Executive Director since 07 March 2021. His contribution to the Group, his in-depth knowledge of the mining sector, and his warm personality will be missed.

Thero also served as the Chairman of the Social Ethics and Transformation Committee, a member of the Audit Committee and a member of the Health, Safety, Environment and Risk Committee.

The Board extends their condolences to his family during this difficult time.

02 May 2024

Rosebank

Investor Relations 

Hugo Nunes

Email: hugo.nunes@thungela.com

Shreshini Singh

Email: shreshini.singh@thungela.com

Media

Hulisani Rasivhaga

Email: hulisani.rasivhaga@thungela.com

UK Financial adviser and corporate broker

Liberum Capital Limited

Tel: +44 20 3100 2000

Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)