Resignation of Nominated Adviser and Broker

26 June 2015

Mwana Africa PLC

("Mwana" or the "Company")

Resignation of Nominated Adviser and Broker

Mwana wishes to announce that it has received notice of the intention of Peel Hunt LLP ("Peel Hunt"), the Company's Nominated Adviser ("Nomad") and Broker, to resign with effect from 25 July 2015.

The Company is in discussions with replacement advisers and brokers with a view to the new Nomad being appointed within the notice period set out below. Peel Hunt has indicated that they will fully cooperate with the new Nomad to ensure a smooth transition.

In consequence the Company is obliged to give formal notification that, pursuant to AIM Rule 1, if a replacement Nomad is not appointed by the date that Peel Hunt ceases to act as Nomad, the Company's shares will be suspended from trading on AIM, and if a replacement Nomad is not appointed within one month of the date that Peel Hunt ceases to act as Nomad, admission of the Company's shares to trading on AIM will be cancelled.

For further information contact:

Mwana Africa PLC

Yim Chiu Kwan, Finance Director

Amilha Young, Group General Counsel and Company Secretary Tel: + 44 (0) 203 696 5470 

Nominated adviser and broker

Peel Hunt LLP

Matthew Armitt / Ross Allister Tel: +44 (0) 20 7418 8900

Public and investor relations

Russell and Associates

Jim Jones / Leigh King Tel: +27 (0) 11 880 3924

Tavistock

Ed Portman / Jos Simson / Mike Bartlett Tel: +44 (0) 20 7920 3150

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.