Market update Jubilee Metals Group PLC Registration number (4459850) AltX share code: JBL AIM share code: JLP ISIN: GB0031852162 ("Jubilee" or "the Company") Market Update Highlights • Hernic Project exceeds 2 500 PGM* ounces produced in a single month during October 2018 • The Hernic Project perfectly positioned to benefit from increased metal prices for Palladium and Rhodium forming part of the PGM basket * 6 Element Platinum Group Metals Leon Coetzer, Chief Executive Officer, says: “It is very gratifying to see our Hernic project deliver and exceed even on its stretched design targets so early in the project’s life cycle. The project has breached, for the first time, 2 500 PGM ounces produced in a single month. This strong performance continues to favour Jubilee to benefit from the strong palladium and rhodium prices which forms part of the PGM basket produced at Hernic. The current Q4 is yet another exciting period for Jubilee with the expected commissioning of the state of the art Dilokong Fine Chrome project as well as the PlatCro PGM project. I look forward to providing further updates to our shareholders on these exciting projects as well as the progress made at our Kabwe project. ” United Kingdom 5 November 2018 Contacts Jubilee Metals Group PLC Colin Bird/Leon Coetzer Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913 Nominated Adviser SPARK Advisory Partners Limited Mark Brady/Andrew Emmott Tel: +44 (0) 203 368 3555 Broker Shard Capital Partners LLP Damon Heath/Erik Woolgar Tel +44 (0) 20 7 186 9900 JSE Sponsor Sasfin Capital (a member of the Sasfin group) Sharon Owens Tel +27 (0) 11 809 7500 Date: 05/11/2018 10:04:00 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.