Exercise of Vested Bonus Shares

About this update from Sylvania Platinum Ltd.

                               _____________________________________________________________________________________________________________________________   30 September 2025     Sylvania Platinum Limited  ("Sylvania", the "Company" or the "Group")     Exercise of Vested Bonus Shares     Sylvania (AIM: SLP), the platinum group metals ("PGM"), chrome producer and developer with assets in South Africa, today announces that certain Directors, senior management and employees have, following the vesting of deferred share awards granted to them in August 2022 under the Sylvania Platinum Limited Bonus Share Award Plan (the "Plan") , exercised their rights over a total of 692,000 Ordinary Shares in the capital of the Company. This has been satisfied by issuing Ordinary Shares held in Treasury.   256,050 of the Ordinary Shares were immediately repurchased by the Company at the vesting price of 77.60 pence, in order to satisfy the tax liabilities of the PDMRs and employees.   The Plan rules allow for employees to request the Company to buy back shares in addition to the tax portion twice a year at the 30-Day VWAP. A further 409,397 Ordinary Shares have been repurchased by the Company at the 30-day VWAP of 78.49 pence, calculated at the close of business on 26 September 2025.      All of the 665,447 Ordinary Shares repurchased by the Company are being held in Treasury.   Of the total 692,000 Bonus Shares being exercised, the following relate to Directors and senior management of the Company who are deemed to be Company PDMRs:   Director Bonus shares being exercised Shares sold B onus s hares retained Total shares held after event % of share capital (Shares with voting rights) Sales for tax and dealing costs P rice per share Other share sales Price per share Jaco Prinsloo 64,000 28,800 77.60p - - 35,200 1,605,594 0.62% Lewanne Carminati 48,000 21,600 77.60p - - 26,400 1,448,381 0.56%   PDMR Bonus shares being exercised Shares sold B onus Shares retained Total shares held after event % of share capital (Shares with voting rights) Sales for tax and dealing costs P rice per share Other share sales Price per share Albert Jordaan 46,000 20,700 77.60p 172,800 78.49p - 218,125 0.08% Ronel Bosman 14,000 - 77.60p - - 14,000 22,006 0.01% Alpheus Mothiba 26,000 11,700 77.60p - - 14,300 14,300 0.01%   Following the above transactions, the Company's issued share capital amounts to 271,661,725 Ordinary Shares of which a total of 11,578,948 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 260,082,777 Ordinary Shares.   CONTACT DETAILS   For further information, please contact:   Jaco Prinsloo CEO Lewanne Carminati CFO +27 11 673 1171   Nominated Adviser and Broker Panmure Liberum Limited +44 (0) 20 3100 2000 Scott Mathieson / John More / Gaya Bhatt Joint Broker Joh. Berenberg, Gossler & Co KG, London +44 (0) 20 3207 7800 Jennifer Lee   Communications BlytheRay +44 (0) 20 7138 3204 Tim Blythe / Megan Ray [email protected]     CORPORATE INFORMATION   Registered and postal address: Sylvania Platinum Limited   Clarendon House   2 Church Street   Hamilton HM 11     Bermuda   SA Operations postal address: PO Box 976   Florida Hills, 1716   South Africa       Sylvania Website : www.sylvaniaplatinum.com       About Sylvania Platinum Limited     Sylvania Platinum is a lower-cost producer of platinum group metals (PGMs) (platinum, palladium and rhodium) and chrome with operations located in South Africa. The Sylvania Dump Operations (SDO) is comprised of six chrome beneficiation and PGM processing plants focusing on the retreatment of PGM-rich chrome tailings materials from mines in the Bushveld Igneous Complex (BIC). The SDO is the largest PGM producer from chrome tailings re-treatment in the industry. In FY2023, the Company entered into the Thaba Joint Venture (Thaba JV), which comprises chrome beneficiation and PGM processing plants, and is treating a combination of run of mine (ROM) and historical chrome tailings from the JV partner, adding a full margin chromite concentrate revenue stream. The Group also holds mining rights for PGM projects in the Northern Limb of the BIC.   For more information visit https://www.sylvaniaplatinum.com/ The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail. 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   Jacobus Johannes Prinsloo 2 Reason for the notification   a) Position/status   Chief Executive Officer b) Initial notification/ Amendment   Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor   a) Name   Sylvania Platinum Limited b) LEI   2138005DSKINAZ4OA492 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 instrument, type of instrument       Identification code   Ordinary Shares of USD 0.01 each         BMG864081044 b) Nature of the transaction   Exercise of Share Awards c) Price(s) and volume(s)     Price(s) Volume(s) 77.60p 64,000       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   29 September 2025 f) Place of the transaction   Off Market     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   Jacobus Johannes Prinsloo 2 Reason for the notification   a) Position/status   Chief Executive Officer b) Initial notification/ Amendment   Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor   a) Name   Sylvania Platinum Limited b) LEI   2138005DSKINAZ4OA492 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 instrument, type of instrument       Identification code   Ordinary Shares of USD 0.01 each         BMG864081044 b) Nature of the transaction   Sale of exercised Share Awards to satisfy the tax liability c) Price(s) and volume(s)     Price(s) Volume(s) 77.60p 28,800       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   29 September 2025 f) Place of the transaction   Off Market     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   Lewanne Carminati 2 Reason for the notification   a) Position/status   Chief Financial Officer b) Initial notification/ Amendment   Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor   a) Name   Sylvania Platinum Limited b) LEI   2138005DSKINAZ4OA492 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 instrument, type of instrument       Identification code   Ordinary Shares of USD 0.01 each         BMG864081044 b) Nature of the transaction   Exercise of Share Awards   c) Price(s) and volume(s)     Price(s) Volume(s) 77.60p 48,000       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   29 September 2025 f) Place of the transaction   Off Market             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   Lewanne Carminati 2 Reason for the notification   a) Position/status   Chief Financial Officer b) Initial notification/ Amendment   Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor   a) Name   Sylvania Platinum Limited b) LEI   2138005DSKINAZ4OA492 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 instrument, type of instrument       Identification code   Ordinary Shares of USD 0.01 each         BMG864081044 b) Nature of the transaction   Sale of exercised Share Awards to satisfy the tax liability c) Price(s) and volume(s)     Price(s) Volume(s) 77.60p 26,400       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   29 September 2025 f) Place of the transaction   Off Market     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   Albertus Jacobus Johannes Jordaan 2 Reason for the notification   a) Position/status   Executive Officer: New Business b) Initial notification/ Amendment   Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor   a) Name   Sylvania Platinum Limited b) LEI   2138005DSKINAZ4OA492 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 instrument, type of instrument       Identification code   Ordinary Shares of USD 0.01 each         BMG864081044 b) Nature of the transaction   Exercise of Share Awards  c) Price(s) and volume(s)     Price(s) Volume(s) 77.60p 46,000       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   29 September 2025 f) Place of the transaction   Off Market         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   Albertus Jacobus Johannes Jordaan 2 Reason for the notification   a) Position/status   Executive Officer: New Business b) Initial notification/ Amendment   Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor   a) Name   Sylvania Platinum Limited b) LEI   2138005DSKINAZ4OA492 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 instrument, type of instrument       Identification code   Ordinary Shares of USD 0.01 each         BMG864081044 b) Nature of the transaction   Sale of exercised Share Awards to satisfy the tax liability c) Price(s) and volume(s)     Price(s) Volume(s) 77.60p 20,700       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   29 September 2025 f) Place of the transaction   Off Market     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   Albertus Jacobus Johannes Jordaan 2 Reason for the notification   a) Position/status   Executive Officer: New Business b) Initial notification/ Amendment   Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor   a) Name   Sylvania Platinum Limited b) LEI   2138005DSKINAZ4OA492 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 instrument, type of instrument       Identification code   Ordinary Shares of USD 0.01 each         BMG864081044 b) Nature of the transaction   Sale of Share Awards c) Price(s) and volume(s)     Price(s) Volume(s) 78.49p 172,800       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   29 September 2025 f) Place of the transaction   Off Market   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   Ronel Bosman 2 Reason for the notification   a) Position/status   Executive Officer: Finance b) Initial notification/ Amendment   Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor   a) Name   Sylvania Platinum Limited b) LEI   2138005DSKINAZ4OA492 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 instrument, type of instrument       Identification code   Ordinary Shares of USD 0.01 each         BMG864081044 b) Nature of the transaction   Exercise of Share Awards  c) Price(s) and volume(s)     Price(s) Volume(s) 77.60p 14,000       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   29 September 2025 f) Place of the transaction   Off Market   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   Alpheus Mothiba 2 Reason for the notification   a) Position/status   Executive Officer: Human Resources b) Initial notification/ Amendment   Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor   a) Name   Sylvania Platinum Limited b) LEI   2138005DSKINAZ4OA492 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 instrument, type of instrument       Identification code   Ordinary Shares of USD 0.01 each         BMG864081044 b) Nature of the transaction   Exercise of Share Awards  c) Price(s) and volume(s)     Price(s) Volume(s) 77.60p 26,000       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   29 September 2025 f) Place of the transaction   Off Market       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   Alpheus Mothiba 2 Reason for the notification   a) Position/status   Executive Officer: Human Resources b) Initial notification/ Amendment   Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor   a) Name   Sylvania Platinum Limited b) LEI   2138005DSKINAZ4OA492 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 instrument, type of instrument       Identification code   Ordinary Shares of USD 0.01 each         BMG864081044 b) Nature of the transaction   Sale of exercised Share Awards to satisfy the tax liability c) Price(s) and volume(s)     Price(s) Volume(s) 77.60p 11,700       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   29 September 2025 f) Place of the transaction   Off Market              

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