Business
Competition Tribunal Approval
Jubilee Metals Group Plc has received unconditional approval from the South African Competition Tribunal for the sale of its South African Chrome and PGM Operations to One Chrome (Pty) Ltd, with the transaction expected to conclude by the end of 2025, pending final audit completion by November 30, 2025, and South African Reserve Bank approval. Following the disposal, Jubilee will concentrate on its Zambian copper projects while retaining its investment in the Tjate platinum project. The sale agreement may be terminated if all conditions are not met or waived by December 31, 2025. Disclaimer*
About this update from Jubilee Metals Group Plc
Jubilee Metals Group Plc Registration number (4459850) AIM share code: JLP Altx share code: JBL ISIN: GB0031852162 ('Jubilee' or 'Company' or '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. Competition Tribunal Approval for the Sale of South African Chrome and PGM Operations Jubilee, the Zambia copper focused producer, is pleased to announce that South African Competition Tribunal (SACT) has issued the Company with a merger clearance certificate, and as such, has unconditionally approved the sale of the South African Chrome and PGM Operations to One Chrome (Pty) Ltd (One Chrome) under the Competition Act (Disposal). SACT approval was a suspensive condition to the Disposal as outlined in the Circular to shareholders. (see announcement dated 12 August 2025). Approval of the South African Reserve Bank is still required, and the Company does not envision this being reasonably withheld. The last material condition precedent is audit related. This workstream is well underway and is expected to be completed by 30 November 2025. Following completion of the Disposal, which is expected by the end of CY2025, the Company will be focused solely on its Zambian copper projects whilst retaining its investment in the Tjate platinum project in South Africa. If all of the suspensive conditions of the Disposal are not satisfied or waived by 31 December 2025 then the sale agreement for the Disposal may be terminated by either Jubilee or One Chrome. 17 November 2025 For further information visit www.jubileemetalsgroup.com , follow Jubilee on X (@Jubilee_Metals) or contact: Jubilee Metals Group PLC Leon Coetzer (CEO)/Jonathan Morley-Kirk (FD) Tel: +27 (0) 11 465 1913 / Tel: +44 (0) 7797 775546 Nominated Adviser - SPARK Advisory Partners Limited Andrew Emmott/James Keeshan Tel: +44 (0) 20 3368 3555 PR & IR Adviser - Tavistock Jos Simson/Gareth Tredway Tel: +44 (0) 207 920 3150 Joint Broker - Zeus Capital Harry Ansell/Katy Mitchell Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618 Joint Broker - Shard Capital Partners LLP Erik Woolgar/Gareth Burchell Tel +44 (0) 207 1869900 JSE Sponsor - Questco Corporate Advisory Proprietary Limited Alison McLaren Tel: +27 63 482 3802 Financial Advisor to the transaction Absa Corporate and Investment Bank, a division of Absa Bank Limited Craig Brewer Tel: +27 83 303 0980
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