Statement regarding Broker Jubilee Metals Group PLC Registration number (4459850) AltX share code: JBL AIM share code: JLP ISIN: GB0031852162 ("Jubilee" or "the Company") STATEMENT REGARDING BROKER The Company notes the announcement today regarding Beaufort Securities Limited ("BSL") and Beaufort Asset Clearing Services Limited ("BACSL") being placed into insolvency and that the Financial Conduct Authority (the "FCA") has imposed requirements on BSL and BACSL to cease all regulatory activity. BSL is the broker to the Company pursuant to the AIM Rules for Companies (the "AIM Rules"). As a result of the requirements imposed by the FCA, BSL will no longer be able to provide broking services to the Company in accordance with the AIM Rules. The Company is seeking to appoint a new broker as soon as possible and a further announcement will be made when this appointment is made. United Kingdom 2 March 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 Nominated Adviser SPARK Advisory Partners Limited Mark Brady/Andrew Emmott Tel: +44 (0) 203 368 3555 Broker Beaufort Securities Limited Jon Belliss Tel +44 (0) 20 7382 8300 JSE Sponsor Sasfin Capital (a member of the Sasfin group) Sharon Owens Tel +27 (0) 11 809 7500 Date: 02/03/2018 01:45:00 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.