Closing of Sale of South African Operations

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RNS Number : 3680N Jubilee Metals Group PLC 02 January 2026  

Jubilee Metals Group Plc Registration number (4459850) AIM share code: JLP Altx share code: JBL ISIN: GB0031852162 ('Jubilee' or 'Company' or '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. Closing of Sale of South African Operations Jubilee, the Zambia copper focused producer, is pleased to announce that, following the satisfaction of all conditions, the sale of the South African Chrome and PGM Operations to One Chrome (Pty) Ltd (Disposal) is now complete. As per the original transaction terms, the second cash instalment of US$10 million is expected to be received by Jubilee from One Chrome in the coming days. Following completion of the Disposal, the Company is now focused solely on its Zambian Copper Business. Whilst the Company has retained its investment in the Tjate platinum project in South Africa it continues to explore options to monetise this asset. Leon Coetzer, CEO of Jubilee, commented: "I am pleased to report that we have executed this transaction within the timelines stipulated when first announced. Thank you to the South African leadership team for all your efforts, not only in seeing this transaction to close, but for the hard work from you and all of our employees in building this business into one of the world's largest chrome producers in just a few short years. I will eagerly follow your growth and wish you continued success. I am excited to lead our remaining executive and Zambian copper team in replicating this success through our Copper Business and look forward to a year of delivering significant growth in our copper operations."   AGM Q&A Ahead of the upcoming Annual General Meeting on 14 January 2026, management would like to provide the opportunity for investors to submit questions ahead of the meeting via email to the following address: jmorley-kirk@jubileemetalsgroup.com.   2 January 2026 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   This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.  END  DISSSDFMFEMSEDF