Exercise of Options Jubilee Metals Group PLC Registration number: 4459850 Altx share code: JBL AIM share code: JLP ISIN: GB0031852162 Jubilee Metals Group PLC (Jubilee or the Company) 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. Exercise of Options Jubilee, a leading diversified metals processor in Africa, with a substantial contribution to global chrome concentrate production in South Africa and expanding copper operations in Zambia, announces that it received notification today, from an option holder to exercise 9 million options at an average price of 2.11 pence per option (the "Option Shares"). The Option Shares are issued as fully paid and rank pari passu in all respects with the existing ordinary shares, including the right to receive all dividends and other distributions declared on or after the date on which they are issued. Admission and total voting rights The Option Shares are expected to be admitted to trading on AIM and listed on the Altx of the JSE Limited on or about 12 March 2024 ("Admission") and will rank pari passu with the ordinary shares of the Company in issue. The Company's total issued capital, after the issue of the Option Shares, will be 2 983 493 617 ordinary shares. As the Company does not hold any shares in treasury, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company following Admission. United Kingdom 6 March 2024 For further information, visit www.jubileemetalsgroup.com, follow Jubilee on Twitter (@Jubilee_Metals) or contact: Jubilee Metals Group PLC Leon Coetzer (CEO)/Neal Reynolds (CFO) Tel: +27 (0) 11 465 1913 Nominated adviser - SPARK Advisory Partners Limited Andrew Emmott/James Keeshan Tel: +44 (0) 20 3368 3555 Public Relations and Investor Relations adviser - Tavistock Jos Simson/Gareth Tredway Tel: +44 (0) 20 7920 3150 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 JSE sponsor - Questco Corporate Advisory Proprietary Limited Alison McLaren Tel: +27 (0) 11 011 9207 About Jubilee Jubilee is a low-cost, diversified producer, specialising in the recovery and processing of metals from previously overlooked resources, such as unprocessed historical waste rock, run-of-mine materials and tailings in Zambia and South Africa. The Company's low-capex, modular processing facilities are deployed close to these various types of material, producing high grade concentrates for sale or further refining to finished metal at the Company's downstream facilities. Production currently consists of copper, chrome, and platinum group metals (PGMs). The modular processing facilities offer a platform for growth and the rapid expansion of Jubilee's operational footprint in Zambia and South Africa. Jubilee's success is derived from operational and technical excellence, a highly experienced management team and a pioneering Technical Development Centre. Date: 06-03-2024 05:00:00 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.