Berg Aukas Update & Dividend - replacement

18 July 2011

This announcement replaces the announcement released at 07.00 a.m. under RNS number 5178K. The Company wishes to clarify that the cash equivalent value of the Dividend in Specie is £0.001 per ordinary share. The full amended text is shown below.

Weatherly International Plc

Berg Aukas Update,

Timetable for Admission to trading on AIM of China Africa Resources plc

and

Dividend in specie

Weatherly International plc ('Weatherly' or 'the Company') is pleased to update shareholders with the final details of the transfer of its Berg Aukas lead-zinc asset to China Africa Resources Plc ('CAR') ('the Transaction'), admission of CAR ordinary shares to trading on AIM ('Admission) and distribution by the Company to shareholders of CAR ordinary shares.

Update on China Africa Resources plc

As previously announced on 27 June 2011, Jiangsu Eastern China Non Ferrous Metals Investment Holding Company Ltd ('ECE'), Weatherly and CAR signed the conditional subscription agreement, the sale and purchase agreement and certain other legal agreements relating to the Transaction. Weatherly is pleased to announce that admission to trading, and dealings in the CAR ordinary shares, on AIM is expected to commence on or around 1 August 2011.

Dividend in specie of CAR shares

As previously announced, there will be a distribution by the Company to its existing shareholders of 2,307,692 ordinary shares in the capital of CAR to be held by the Company (the "Dividend in Specie"), representing approximately 10% of the CAR share capital at Admission.

The Dividend in Specie will be made on the basis that for every Weatherly ordinary share held, a Weatherly shareholder shall be entitled to 0.0043 of an ordinary share in CAR.

Shareholders on the Weatherly share register who hold less than 300,000 ordinary shares in Weatherly, and any Weatherly shareholders who have registered addresses in the United States of America or Canada shall receive a cash dividend based on the cash equivalent value of the Dividend in Specie of £0.001 per ordinary share. Weatherly will, prior to Admission, enter into commitments to sell such CAR ordinary shares as necessary to satisfy the cash dividend proportion.

Fractional entitlements which otherwise would have arisen will be sold for the benefit of Weatherly.

The Dividend in Specie (or cash equivalent) shall be payable to those shareholders of the Company who are on its register as at 25 July 2011. Weatherly shares will be marked ex-dividend on 1 August 2011.

Payment of the Dividend in Specie (or cash equivalent) will be on 1 August 2011.

For further information, please contact:

Rod Webster, Chief Executive Officer, Weatherly International Plc

+44 (0) 20 7917 2989

Samantha Harrison / Jen Boorer, Ambrian Partners Limited

+44 (0) 20 7634 4700

Carina Corbett, 4C Communications (Investor Relations)

+44 (0) 20 3170 7973

Notes to Editors

CAR was incorporated on 20 August 2010 for the purposes of the transaction. Pursuant to the Implementation Agreement, as entered into and announced on 12 January 2011, HK ECE Weatherly Investment Co. Ltd ("HK ECE"), a wholly owned subsidiary of Jiangsu Eastern China Non Ferrous Metals Investment Holding Company Ltd. ('ECE'), owns 65% of the issued share capital of CAR and Weatherly owns the remaining 35%.

CAR, ECE and Weatherly will work together to develop Berg Aukas in Northern Namibia and to list the shares of CAR on AIM. Hence, the immediate objective of CAR will be to carry out a full feasibility study on Berg Aukas (the "Study") with a view to its completion by the end of 2012, Once completed, the board of CAR (the "CAR Board") will consider the Study and if further development is approved, consider how best to raise the capital to develop the project. Whilst the immediate focus of CAR will be the development of Berg Aukas, the strategy for CAR is to build a profitable and widely based resource business and may include the acquisition of additional assets from Weatherly, ECE or third parties.