Exercise of Warrants Jubilee Metals Group Plc Registration number (4459850) AIM share code: JLP Altx share code: JBL ISIN: GB0031852162 ('Jubilee or the Company or the 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. Exercise of Warrants Jubilee Metals Group ("Jubilee" or the "Company" or the 'Group'), the AIM and Altx traded metals processing company is announcing that it has received notification from warrant holders to exercise 4 750 000 and 750 000 existing warrants in the issued share capital of Jubilee ("the Warrant Shares") at a price of 4 pence (ZAR913 cents) and 3.4 pence (ZAR776 cents) respectively per Warrant Share. The exercise of Warrant Shares amounts, in aggregate, to a cash value of £215 500 (ZAR4.9 million). The Warrant Shares are expected to be admitted to trading on AIM and listed on the Altx of the JSE Limited on or about Tuesday, 26 November 2024 and will rank pari passu with the ordinary shares of the Company in issue. Following the admission of the Warrant Shares, the remaining warrants consist of 4 036 431 issued at 13 pence and 22 279 492 issued at 7.14 pence. Total voting rights The Company's total issued capital, after the issue of the Warrant Shares, will be 3 011 159 155 ordinary shares. As the Company does not hold any shares in Treasury, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company following Admission. ENDS 20 November 2024 For further information visit www.jubileemetalsgroup.com, follow Jubilee on Twitter (@Jubilee_Metals) or contact: Jubilee Metals Group Plc Leon Coetzer (CEO)/Jonny 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 - RBC Capital Markets Farid Dadashev/Jamil Miah Tel +44 (0) 20 7653 4000 Joint Broker - Zeus Capital Harry Ansell/Katy Mitchell Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618 JSE Sponsor - Questco Corporate Advisory Proprietary Limited Alison McLaren Tel: +27 63 482 3802 About Jubilee Metals Plc Jubilee is a low-cost, diversified producer, specialising in the recovery of metal from previously overlooked resources, such as unprocessed historical waste rock, run-of-mine materials and tailings in South Africa and Zambia. The Company's low-capex, modular processing facilities are deployed close to these various types of material, producing high grade concentrates for sale or further refining to finished metal at the Company's downstream facilities. Production currently consists of chrome, copper and platinum group metals (PGMs). The modular processing facilities offer a platform for growth and the rapid expansion of its operational footprint. Jubilee's success is derived from operational excellence, a highly experienced management team and a pioneering Technical Development Centre. Date: 20-11-2024 05:19:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.