PIC reduces stake in Thungela Resources to 9.808%

The Public Investment Corporation (PIC) has decreased its stake in Thungela Resources Limited, with its holding of issued ordinary shares now standing at 9.808%. This change was officially notified to the company on October 9, 2025, following a threshold being crossed on October 7, 2025. Previously, PIC held 10.129% of the voting rights.

The notification, made in accordance with section 122(3)(b) of the Companies Act and JSE Listings Requirements, indicates a disposal of voting rights. The total number of voting rights held by PIC in Thungela Resources now amounts to 13,779,985 shares, reflecting the reduced percentage.

Thungela's board has accepted responsibility for the information provided in the announcement, confirming its accuracy and completeness.