JUBILEE METALS GROUP PLC - Competition Tribunal Approval for the Sale of South African Chrome and PGM Operations

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

Jubilee Metals Group Plc
Registration number (4459850)
AIM share code: JLP
Altx share code: JBL
ISIN: GB0031852162
('Jubilee' or 'Company' or 'Group')


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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

Date: 17-11-2025 09:00:00
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