Competition Tribunal Approval

Jubilee Metals Group Plc

Registration number (4459850)

AIM share code: JLP

Altx share code: JBL

ISIN: GB0031852162

('Jubilee' or 'Company' or 'Group')

Dissemination of a Regulatory Announcement that contains inside information according to UK Market Abuse Regulations. Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.

Competition Tribunal Approval for the Sale of South African Chrome and PGM Operations

Jubilee, the Zambia copper focused producer, is pleased to announce that South African Competition Tribunal (SACT) has issued the Company with a merger clearance certificate, and as such, has unconditionally approved the sale of the South African Chrome and PGM Operations to One Chrome (Pty) Ltd (One Chrome) under the Competition Act (Disposal). SACT approval was a suspensive condition to the Disposal as outlined in the Circular to shareholders. (see announcement dated 12 August 2025).

Approval of the South African Reserve Bank is still required, and the Company does not envision this being reasonably withheld.

The last material condition precedent is audit related. This workstream is well underway and is expected to be completed by 30 November 2025. Following completion of the Disposal, which is expected by the end of CY2025, the Company will be focused solely on its Zambian copper projects whilst retaining its investment in the Tjate platinum project in South Africa.

If all of the suspensive conditions of the Disposal are not satisfied or waived by 31 December 2025 then the sale agreement for the Disposal may be terminated by either Jubilee or One Chrome.

17 November 2025

For further information visit www.jubileemetalsgroup.com, follow Jubilee on X (@Jubilee_Metals) or contact:

Jubilee Metals Group PLC 

Leon Coetzer (CEO)/Jonathan Morley-Kirk (FD)

Tel: +27 (0) 11 465 1913 / Tel: +44 (0) 7797 775546

Nominated Adviser - SPARK Advisory Partners Limited 

Andrew Emmott/James Keeshan 

Tel: +44 (0) 20 3368 3555 

PR & IR Adviser - Tavistock 

Jos Simson/Gareth Tredway

Tel: +44 (0) 207 920 3150 

Joint Broker - Zeus Capital

Harry Ansell/Katy Mitchell

Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618 

Joint Broker - Shard Capital Partners LLP

Erik Woolgar/Gareth Burchell

Tel +44 (0) 207 1869900 

JSE Sponsor - Questco Corporate Advisory Proprietary Limited 

Alison McLaren

Tel: +27 63 482 3802

Financial Advisor to the transaction

Absa Corporate and Investment Bank, a division of Absa Bank Limited

Craig Brewer

Tel: +27 83 303 0980