Incorrect disclosure of significant holding of Thungela Resources ordinary shares

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
(‘Company’ or ‘Thungela Resources’)

INCORRECT DISCLOSURE OF SIGNIFICANT HOLDING OF THUNGELA RESOURCES
ORDINARY SHARES

Shareholders were advised on 7 September 2023 that JPMorgan Chase & Co. had notified the
Company that accounts under its management had increased its holding in the Company to 5.21%
of the issued ordinary shares in the Company.

Shareholders are now advised that the Company has been notified by JPMorgan Chase & Co
that, due to a late cancellation of trade, the notification as announced was incorrect and that ac-
counts under its management remain at 4.60% of the issued ordinary shares in the Company.

The Company has requested that the Takeover Regulation Panel in South Africa disregard the
notice erroneously lodged on 7 September 2023.

The board of directors of Thungela accepts responsibility for the information contained in this
announcement as it relates to the Company and confirms that, to the best of its knowledge and
belief, such information relating to Thungela Resources is true and that this announcement does
not omit anything likely to affect the importance of such information.

Johannesburg
19 September 2023

Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

UK Financial adviser and corporate broker
Liberum Capital Limited

Date: 19-09-2023 09:00:00
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