THUNGELA RESOURCES LIMITED – TR-1: Standard Significant Holding Notification Form – SENS

TR-1: Standard form for notification of major holdings

(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 “Company” and together with its affiliates, the “Group”)

TR-1: Standard form for notification of major holdings

MAJOR HOLDING NOTIFICATION (to be sent to the relevant issuer and FCA in Microsoft
Word format if possible)

1a. Identity of issuer or underlying issuer
of existing shares to which voting rights are attached- THUNGELA RESOURCES LTD
stained ii:

1b. Please indicate if the issuer is a non-UK issuer (please mark with an ‘X’ where applicable)
Non-UK issuer

2. Reason for notification (please tick the appropriate box(es) with an “X”)

An acquisition or sale of voting rights X

An acquisition or disposal of financial instruments

An event modifying the distribution of voting rights

Other (please specify) iii:

3. Contact details of the person subject to the notification obligation iv


Head Office City and Country (if applicable) PRETORIA, SOUTH AFRICA

4. Full name of shareholder(s) (if different from 3.) v

Last name

City and country of registered office (if applicable)

5. Date on which the threshold was crossed or
reaches vi:

6. Date on which the issuer notified (DD/MM/YYYY): 20/06/2022

7. Total positions of the person(s) subject to the notification obligation

% of voting rights to- % of voting rights Total number of
attached to shares (to- through financial instruments Total of both in % voting rights held
tal of 8. A) ments (8.A + 8.B) in the transmitter (8.A +
(total of 8.B 1 + 8.B 2) 8.B) vii
Resulting situation
on the date on which
the threshold was
13.872% 13.872% 18,909,239
crossed or reached
Previous position
notification (if 14.307% 14.307%
in force)

8. Notified detail of the resulting situation on the date the threshold was crossed or
reached viii

A: Voting rights attached to shares

Class/type of Number of voting rights ix % of voting rights

ISIN code (if possible) Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)

18,909,239 13.872%

SUBTOTAL 8.A 18,909,239 13.872%

B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Number of voting rights
Type of in- Expiry exercise/ which can be acquired if
% of voting rights
instrument date x conversion period xi instrument is


B 2: Financial instruments with a similar economic effect according to DTR5.3.1R (1) (b)
Exercise/Physical or
Maturity type Financial Number of
Pe-cash conversion % of voting rights
instrument date x voting rights
riod xi Colonization xii

9. Information relating to the person subject to the notification obligation (please
applicable box with an “X”)

The person subject to the notification obligation is not controlled by any natural or legal person and does not
control any other company that directly or indirectly holds an interest in the (underlying) issuer xiii

Complete chain of controlled companies through which voting rights and/or
the financial instruments are effectively held starting with the natural or legal person who has ultimate control
(please add additional lines as needed) xiv

% of voting rights if he % of voting rights Total of both if he
equals or is superior through financial inequality or is superior
than the notifiable instruments if it is equal to the notifiable
Name xv threshold or is greater than threshold
notification threshold
SOCIETY SOC 13.872% 13.872%

10. If voting by proxy, please identify:
Name of agent N/A

The number and % of voting rights held N/A

The date until which the voting rights will be held N/A

11. Additional information xvi

Location of completion PRETORIA, SOUTH AFRICA

Completion date June 20, 2022

UK Financial Advisor and Business Broker
Liberum Capital Limited

Rand Merchant Bank (a division of FirstRand Bank Limited)

June 20, 2022

Date: 2022-06-20 03:00:00
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