Result of General Meeting

Weatherly International Plc ('Weatherly' or the 'Company')

Results of General Meeting

A general meeting of the Company (the 'General Meeting') was held earlier today to consider the sale of Namibia Custom Smelters Pty Limited and the transfer of certain associated assets to Dundee Precious Metals Inc ('Dundee') (the 'Disposal') and the approval of a reduction in capital process to create distributable reserves to facilitate the in specie distribution of Dundee shares issued to the Company as consideration for the Disposal and any future return of value to shareholders.

The Company is pleased to announce that all resolutions proposed at the General Meeting were approved by shareholders.

The Disposal remains conditional inter alia upon the approval of the holders of the Company's outstanding convertible loan notes, which approval is expected shortly.

For further information please contact:

Rod Webster, Chief Executive Officer Weatherly International Plc

+44 (0) 20 7917 2989

Richard Greenfield, Ambrian Partners Limited

+44 (0) 20 7634 4710