Granting of options to directors Jubilee Metals Group Plc Registration number (4459850) Altx share code: JBL AIM share code: JLP ISIN: GB0031852162 ("Jubilee" or the "Company” or the “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. Dealings Grant of Options Jubilee announces, following the earlier announcement confirming the appointment of Manuel Lino Silva de Sousa Oliveira (Ollie De Sousa-Oliveira) as independent non-executive director of the Company with immediate effect and his appointment as Chairman effective 1 June 2022, the granting of a total of 24 500 000 options to directors in accordance with its approved Share Option Plan. Strike price Number of Strike price (ZAR cents) Director Vesting date options granted (pence) at current exchange rates 9 000 000 26 May 2023 15 297 3 000 000 26 May 2024 19 376 3 000 000 26 May 2025 24 475 Total – Ollie Oliveira 15 000 000 2 000 000 26 May 2022 6 119 2 500 000 01 Oct 2022 7 139 3 000 000 01 Oct 2023 8 158 Total – Nicholas 7 500 000 Taylor 1 000 000 26 May 2022 10 198 1 000 000 26 May 2023 19 376 Total – Evan Kirby 2 000 000 In the cases of Ollie Oliveira and Nicholas Taylor, the options have been priced based on the market price at the time of their appointments, with further tranches priced at a premium. The options are valid for a period of 10 years from the date of grant. The directors do not have any current interests in the issued capital of the Company. Following the grant of the above options, total options granted in terms of the Company’s approved Share Option Scheme represents approximately 5.9% of the issued capital of the Company after the issue of the Option Shares. Related Party Transactions The award of options to the directors are regarded as related party transactions under the AIM Rules. Accordingly, the independent directors (being all of the directors other than Messrs Oliveira, Taylor and Kirby) consider, having consulted with SPARK Advisory Partners Limited as nominated adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned. United Kingdom 27 May 2022 For further information visit www.jubileemetalsgroup.com or contact: Jubilee Metals Group PLC Leon Coetzer Tel: +27 (0) 11 465 1913 Nominated Adviser – SPARK Advisory Partners Limited Andrew Emmott/James Keeshan Tel: +44 (0) 20 3368 3555 Broker – Shard Capital Partners LLP Damon Heath/Erik Woolgar Tel +44 (0) 20 7186 9900 Joint Broker - Berenberg Matthew Armitt/Jennifer Lee/Detlir Elezi Tel +44 (0) 20 3207 7800 Joint Broker – WHIreland Harry Ansell/Katy Mitchell Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618 PR & IR Adviser – Tavistock Jos Simson/ Gareth Tredway/Charles Vivian Tel: +44 (0) 207 920 3150 United Kingdom 27 May 2022 JSE Sponsor to Jubilee Questco Corporate Advisory Proprietary Limited Sharon Owens T: +27 (11) 011 9212 Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Ollie Oliveira 2 Reason for the notification a) Position/status Non-Executive Director b) Initial notification /Amendment Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Jubilee Metals Group PLC b) LEI 2138002XB5DB3B87SH92 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial Options instrument, type of instrument Identification code GB0031852162 b) Nature of the transactions Option grant c) Price(s) and volume(s) Price(s) Volume(s) 15.0 pence 9 000 000 19.0 pence 3 000 000 24.0 pence 3 000 000 d) Aggregated information - Aggregated volume 15 000 000 - Purchase Price Different strike prices averaging 19.3 pence per option - Selling price NA e) Date of the transactions 26 May 2022 f) Place of the transactions London Stock Exchange, AIM 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Nicholas Taylor 2 Reason for the notification a) Position/status Non-Executive Director b) Initial notification /Amendment Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Jubilee Metals Group PLC b) LEI 2138002XB5DB3B87SH92 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial Options instrument, type of instrument Identification code GB0031852162 b) Nature of the transactions Option grant c) Price(s) and volume(s) Price(s) Volume(s) 6.0 pence 2 000 000 7.0 pence 2 500 000 8.0 pence 3 000 000 d) Aggregated information - Aggregated volume 7 500 000 - Purchase Price Different strike prices averaging 7.5 pence per option - Selling price NA e) Date of the transactions 26 May 2022 f) Place of the transactions London Stock Exchange, AIM 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Evan Kirby 2 Reason for the notification a) Position/status Non-Executive Director b) Initial notification /Amendment Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Jubilee Metals Group PLC b) LEI 2138002XB5DB3B87SH92 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial Options instrument, type of instrument Identification code GB0031852162 b) Nature of the transactions Option grant c) Price(s) and volume(s) Price(s) Volume(s) 10.0 pence 1 000 000 19.0 pence 1 000 000 d) Aggregated information - Aggregated volume 2 000 000 - Purchase Price Different strike prices at an average of 9.5 pence per option - Selling price NA e) Date of the transactions 26 May 2022 f) Place of the transactions London Stock Exchange, AIM Date: 27-05-2022 08:00:00 Produced by the JSE SENS Department. 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