• Leading South African thermal coal exporter.• Well-positioned on an established rail network with secure access to export markets via the Richards Bay Coal Terminal. • Low cash-cost and high margin assets, well-positioned to benefit from favourable thermal coal market environment. • Strong pipeline of brownfield and greenfield options.• Robust balance sheet; opportunity for cost and capital optimisation.• Robust ESG framework underpins licence to operate.• Experienced executive management team and a competent, diverse and inclusive workforce with a passion for the business.• Experienced and diverse board, Sango Ntsaluba, Chairman; Kholeka Mzondeki, Audit Committee Chair; Ben Kodisang and Thero Setiloane as Independent Non-Executive Directors; Seamus French as a Non-Executive Director; and July Ndlovu, CEO and Deon Smith, CFO as Non-Independent Directors.

KEY HIGHLIGHTS

ROBUST ESG FRAMEWORK:A strong policy centred around the social impact of our business

A high quality thermal coal business with an enviable cash cost position poised to deliver attractive returns and value for all.

ABOUT

Primary listing of Thungela Resources (TGA) on JSE and standard listing on LSE on 7 June 2021.

100% of issued share capital of Thungela held by Anglo American shareholders on day one, giving shareholders direct ownership in two separately listed companies.

One Thungela share received for every 10 Anglo American shares.

Each Anglo American shareholder to retain existing shareholding in Anglo American.

Anglo American has provided an initial cash injection of ZAR2.5bn and further contingent capital support until the end of 2022 in the event of thermal coal prices in South African rand falling below a certain threshold.

DEMERGER INFORMATION

16.5 MtAttributable export production in 2020

thungela.com

137 Mt Reserves

756 Mt 5-11 years Life of Mine

1. Total proved and probable reserves including from mineral resource deposit operations of Goedehoop and Greenside attributable to Thungela Resources as at 31/12/2020.

2. Total mineable tonnes in situ (MTIS) resources include measured, indicated, inferred (in and ex. LOM plan) resources attributable to Thungela Resources including from mineral resource deposit operations of Goedehoop and Greenside as at 31/12/2020; excludes proved and probable reserves.

3. Managed operations only.

Committed to reducing operational scope 1 and 2 greenhouse gas emissions by 15% by 2025 vs. 2016 baseline.

ZAR89.5m in overall social development spend in 2020, with ZAR23m invested in Covid-19 relief across health support, education, water, food and awareness since the outbreak.

Responsible steward of high quality assets.

Major employer and community contributor.

Providing access to a reliable, affordable energy source.

Recognising society’s needs and environmental expectations.

Creating an enduring legacy with Employee and Community Partnership Plans, collectively holding a 10% interest in the operations.

1

23Resources Open cast

1. Mafube (50% ownership) 2. Khwezela (100% ownership) 3. Isibonelo (100% ownership)

4. Rietvlei (34% ownership)

Underground 5. Zibulo (73% ownership)6. Greenside (100% ownership)7. Goedehoop (100% ownership)