Result of AGM

About this update from Sylvania Platinum Ltd.

                               2 December 2024     Sylvania Platinum Limited  ("Sylvania", the "Company" or the "Group")   Result of Annual General Meeting   Sylvania (AIM: SLP), the platinum group metals ("PGM") producer and developer with assets in South Africa, today confirms that at the Company's Annual General Meeting ("AGM") held on Friday 29 November 2024, the final annual dividend in the amount of 1.0 pence per Ordinary Share of $0.01 was declared payable on 6 December 2024 to Members of record as at 1 November 2024.  In addition, PriceWaterhouseCoopers Inc will continue to be appointed as auditors for the Group, for a term expiring at the 2025 AGM of the Company.   The Directors of Sylvania advise that the following special resolutions, as set out in the Notice of Meeting and placed before shareholders at the AGM of the Company held in Bermuda on 29 November 2024, were voted on a poll as follows:   No. Resolution For + Discretion (votes) Against (votes) Votes Withheld 1.           Waiver of laying of standalone Financial Statements 53,534,242 218,946 79,401 2.        Waiver of Appointment of Auditor of the standalone Company 53,558,444 218,946 55,199   Pursuant to Section 88 of the Companies Act 1981 and Bye-laws 71 and 76 of the Company's Bye-laws which require that the resolutions be passed unanimously, at the conclusion of such poll, the resolutions were accordingly not passed.   For the avoidance of doubt, the special resolutions above relate only to the Group's Bermudan entity and have no impact on the production and publication of the Group's consolidated financial statements for FY2025.     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 / Joshua Borlant Kieron Hodgson 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) 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 which will treat 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/ ANNEXURE   GLOSSARY OF TERMS FY2025 The following definitions apply throughout the period: 3E PGMs 3E ounces include the precious metal elements Platinum, Palladium and Gold   4E PGMs 4E PGM ounces include the precious metal elements Platinum, Palladium, Rhodium and Gold   6E PGMs 6E ounces include the 4E elements plus additional Iridium and Ruthenium   AGM Annual General Meeting   AIM Alternative Investment Market of the London Stock Exchange   All-in cost All-in sustaining cost plus non-sustaining and expansion capital expenditure   All-in sustaining cost Production costs plus all costs relating to sustaining current production and sustaining capital expenditure.   Attributable Resources or portion of investment belonging to the Company   BCM Bank cubic metres   CLOs Community Liaison Officers   Company The purely equity holding entity registered in Bermuda, Sylvania Platinum Limited, with its entire share capital admitted on AIM.   DMRE Department of Mineral Resources and Energy   EBITDA Earnings before interest, tax, depreciation and amortisation   EA Environmental Authorisation   EAP Employee Assistance Program   EDEP   Employee Dividend Entitlement Programme   EEFs Employment Engagement Forums   EIA Environmental Impact Assessment   EIR Effective interest rate   EMPR Environmental Management Programme Report   ESG Environment, Social and Governance   GBP Pounds Sterling   GHG Greenhouse gases   GISTM Global Industry Standard on Tailings Management   GRI Global Reporting Initiative   Group The Company and its controlled entities.   IASB International Accounting Standards Board   ICE Internal combustion engine   ICMM International Council on Mining and Metals   IFRIC International Financial Reporting Interpretation Committee   IFRS International Financial Reporting Standards   Lesedi Phoenix Platinum Mining Proprietary Limited, renamed Sylvania Lesedi   LSE London Stock Exchange   LTI Lost-time injury   LTIFR Lost-time injury frequency rate   MF2 Milling and flotation technology   MPRDA Mineral and Petroleum Resources Development Act   MRA Mining Right Application   MRE Mineral Resource Estimate   Mt Million Tons   NUMSA National Union of Metals Workers of South Africa   NWA National Water Act 36 of 1998   PGM Platinum group metals comprising mainly platinum, palladium, rhodium and gold   PDMR Person displaying management responsibility   PEA Preliminary Economic Assessment   PFS Preliminary Feasibility Study   Pipeline ounces 6E ounces delivered but not invoiced   Pipeline revenue Revenue recognised for ounces delivered, but not yet invoiced based on contractual timelines   Pipeline sales adjustment Adjustments to pipeline revenues based on the basket price for the period between delivery and invoicing   Project Echo Secondary PGM Milling and Flotation (MF2) program announced in FY2017 to design and install additional new fine grinding mills and flotation circuits at Millsell, Doornbosch, Tweefontein, Mooinooi and Lesedi   Revenue (by products) Revenue earned on Ruthenium, Iridium, Nickel and Copper   ROM Run of mine   SDO Sylvania dump operations   SHE Safety, health and environmental   Silly Season The 'Silly Season' campaign is historically where a high number of accidents at mines are reported during the last quarter of the calendar year. This period is often challenging from a health and safety perspective and is commonly known as 'Silly Season/ Critical Season'   SLP Social and Labour Plan   Sylvania Sylvania Platinum Limited, a company incorporated in Bermuda   Sylvania Metals Sylvania Metals (Pty) Limited   TCFD Task Force on Climate-Related Financial Disclosures   tCO2e Tons of carbon dioxide equivalent   Thaba JV Thaba Joint Venture   TRIFR Total recordable injury frequency rate   TSF Tailings storage facility   UNSDGs United Nations Sustainability Development Goals   USD United States Dollar   WULA Water Use Licence Application   UK United Kingdom of Great Britain and Northern Ireland   VAT Value Added Tax   ZAR South African Rand   Zero Harm The South African mining industry is committed to the shared aspiration of achieving the goal of Zero Harm, which aims to ensure that mineworkers return home from work healthy and unharmed every day      

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