Jubilee Hernic PGM Project Jubilee Metals Group PLC Registration number (4459850) AltX share code: JBL AIM share code: JLP ISIN: GB0031852162 ("Jubilee" or “Company") Jubilee Hernic PGM Project Jubilee notes recent media speculation regarding operations at Hernic Ferrochrome Proprietary Limited (“Hernic”) and wishes to issue a clarification. Jubilee operates a chrome and platinum recovery plant at Hernic’s ferrochrome mine in South Africa. On Friday 29 December 2017 a tailings spill occurred, which caused a V-shaped failure of the side wall of compartment 2 of the tailings dam. The failure in the wall was resealed the same day by Hernic. The spillage was contained on the adjacent property, which was previously used as an opencast mining area. Hernic has commenced with the clean-up of the spill and expects to resume depositing of final processed tailings in compartment 2 before the end of the month. Compartment 2 of the tailings dam was used by Hernic for depositing the final chrome and PGM processed tailings from Jubilee’s Hernic Project operation. During this interim period, compartment 1 of the tailings dam will be used for depositing the final processed tailings. Jubilee will continue operating its PGM processing plant and will reduce throughput only during the interim period by approximately 30% to allow Hernic to fully restore compartment 2. Jubilee is targeting the release shortly of its Q4 2017 Hernic project results which are expected to record a further increase in PGM ounce production in excess of 25% over Q3 2017. United Kingdom 5 January 2018 Contacts Jubilee Metals Group plc Colin Bird/Leon Coetzer Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913 Andrew Sarosi Tel +44 (0)1752 221937 JSE Sponsor Sasfin Capital, a member of Sasfin group Sharon Owens Tel +27 (0)11 809 7500 Nominated Adviser SPARK Advisory Partners Limited Mark Brady/Andrew Emmott Tel: +44 (0)203 368 3551 Broker Beaufort Securities Limited Jon Belliss Tel: +44 (0) 20 7382 8300 Date: 05/01/2018 04:49:00 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.