Change of Advisers

24 July 2015

Mwana Africa PLC

("Mwana" or the "Company")

Appointment of Nominated Adviser, Financial Adviser and Corporate Broker

Mwana Africa Plc is pleased to announce the appointment of Grant Thornton UK LLP ("Grant Thornton") as the Company's Nominated Adviser and Cantor Fitzgerald Europe ("Cantor Fitzgerald") as its Financial Adviser and Corporate Broker with immediate effect.

The Executive Chairman of Mwana, Mr Yat Hoi Ning, announcing the appointment, thanked Peel Hunt LLP for their services to the Company over the past two years, and for their support in ensuring a smooth transition during the handover period.

Mr Ning commented, "Grant Thornton and Cantor Fitzgerald are well-known and highly respected firms, with global reach. I believe that they are well-placed to support the Company's strategy for future growth and we are excited to have them on board with us in this next phase and onward."

For further information contact:

Mwana Africa PLC

Yim Kwan, Finance Director

Amilha Young, Group General Counsel and Company Secretary

Tel: + 44 (0) 20 3696 5470 

Nominated Adviser

Grant Thornton UK LLP

30 Finsbury Square, London EC2P 2YU

Colin Aaronson/Richard Tonthat/Harrison Clarke

Tel: +44 (0) 20 7383 5100

Financial Adviser and Corporate Broker

Cantor Fitzgerald Europe

1 Churchill Place, Canary Wharf, London E14 5RB

Stewart Dickson/Jeremy Stephenson /Patrick Pittaway

Tel: +44 (0) 20 7894 7000

Public and investor relations

Russell and Associates

Jim Jones / Leigh King

Tel: +27 (0) 11 880 3924

About Mwana Africa PLC

Mwana Africa PLC is a pan-African, multi-commodity mining and development company. Mwana's principal operations and exploration activities cover gold, nickel, copper and diamonds in Zimbabwe, the Democratic Republic of Congo (DRC) and South Africa.