PIC increases stake in Thungela Resources

THUNGELA RESOURCES LIMITED announced today that the Public Investment Corporation SOC Limited (PIC) has increased its holding in the company. As of December 11, 2025, PIC now holds 11.399% of Thungela's issued ordinary shares, an increase from its previous notification of 10.546%. This change reflects an acquisition of voting rights by PIC.

The total number of voting rights held by PIC in Thungela Resources is 16,014,118. The issuer confirmed that the notification was received on December 15, 2025, and acknowledges the accuracy of the information provided by the PIC.

The board of directors of Thungela Resources takes responsibility for the information in this announcement, confirming its truthfulness and completeness as it relates to the company. The disclosure was completed in Pretoria, South Africa, on December 15, 2025.