Subscription to raise approximately £1.7 million

Weatherly International Plc

("Weatherly" or "the Company")

Subscription to raise approximately £1.7 million

Weatherly International plc (LSE: WTI) is pleased to announce that it has conditionally raised approximately £1.7 million by way of a subscription of 43,300,000 new Ordinary Shares of 0.5p each (the "Subscription Shares") with Logiman CC ("Logiman") at a price of 3.95 pence per Subscription Share (the "Subscription Price").

The proceeds of the issue of the Subscription Shares will be used to for general working capital and to strengthen the Company's balance sheet going forward.

Logiman are supplying the Company with project management services for the plant construction at the Tschudi copper project which is due to deliver first copper in the second quarter of 2015.

Rod Webster, Chief Executive of Weatherly, commented: "We are delighted to have successfully raised these funds through Logiman, who are working with us on the development of Tschudi, this demonstrates their confidence in the successful outcome of the project".

Further Details on the Subscription

The Subscription proceeds will be received by no later than 17 June 2014. The Subscription Shares will represent approximately 7 per cent of the Company's enlarged issued ordinary share capital of 616,605,145 Ordinary Shares immediately following completion of the Subscription. The Subscription Price represents a premium of approximately 44% per cent to the Closing Price of 2.75 pence per Ordinary Share as at 30 May 2014 (being the last business day prior to the announcement of the Placing).

Application will be made to the London Stock Exchange for the admission of the Placing Shares to trade on AIM ("Admission"). It is expected that Admission will become effective on 18 June 2014 and that dealings in the Subscription Shares will commence at 8.00 a.m. on that date.

The Subscription is only conditional upon Admission of the Subscription Shares becoming effective.

The Subscription Shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after the Admission and will otherwise rank on Admission pari passu in all respects with the existing Ordinary Shares in the capital of the Company.

Total Voting Rights

Following Admission of the Subscription Shares, Weatherly's issued share capital and total voting rights will consist of 616,605,145 Ordinary Shares. The total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

About Weatherly International PLC

Weatherly is an AIM listed, copper focused mining company, the principal assets of which are located in Namibia. It currently has two producing copper mines (Otjihase and Matchless), and is developing the Tschudi Copper Project. These assets will enable Weatherly to achieve its medium term strategy of establishing a copper mining business capable of sustaining approximately 25,000tpa of copper production. The Company also has a 25% stake in an AIM listed company, China Africa Resources Plc (CAR), which is currently focused on the development of the lead/zinc project at Berg Aukas in Northern Namibia.

About Logiman CC

Logiman provides a specialist, multidisciplinary engineering consulting and project management service to the mining and heavy industries. Its particular strengths are in the process and minerals engineering sectors. Logiman has been involved in numerous, diversified projects within the mining industry involving metals such as platinum, gold, uranium and chrome as well as industrial minerals, coal and cement.

For further information please contact:

Weatherly International Plc +44 (0) 20 7917 2989

Rod Webster, Chief Executive Officer

Rolf Gerritsen, Senior Executive

RFC Ambrian Limited +44 (0) 20 3440 6800

(Nominated Adviser & Broker)

Samantha Harrison

James Biddle