Shareholder update and Dealing in securities

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 '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.   Shareholder update and Dealing in securities   Jubilee, the Zambia copper focused producer, provides a shareholder update dealing with its Board composition strategy and a proposed capital reduction. Board composition strategy The sale of the chrome and PGM Operations in South Africa has now been completed. The Company now focuses on its operations in Zambia. The Board currently has a majority of South African resident directors as the Company had historically been a South African centric business. Going forward the Board agreed it should migrate towards a Board composition weighted towards Zambia, copper and AIM experienced expertise. This migration will be managed carefully over a period of time. Proposed capital reduction The Jubilee Board has tasked the Finance Director to consult with a range of shareholders to ascertain their views on future distributions (dividends, share buybacks, etc). These discussions are well advanced. Such distributions to shareholders, when approved by the Board, need to be paid out of the Company's distributable reserves. At present there are insufficient distributable reserves. There are, however, sufficient share premium reserves which can be converted into distributable reserves. This necessitates a High Court process in the United Kingdom. Discussions are ongoing with legal advisers on the precise process, which will involve a General Meeting of shareholders to approve the capital reduction. This High Court capital reduction process is required to enable the Company to be able to make dividend distributions and share buybacks in the future. Half Year results The Company expects to release its interim results for the 6 months ending 31 December 2025 on or about 31 March 2026. Directors share dealing The Company issued 2 069 267 Jubilee ordinary shares (Shares) to Leon Coetzer, Chief Executive Officer and 2 184 564 Shares to Jonathan Morley-Kirk, Finance Director (Issuance). The Issuance is for the successful completion of the sale of the South African chrome and PGM operations. Both directors have elected to receive Jubilee Shares instead of a cash payment. Following the Issuance, Mr Morley-Kirk will hold 3 184 564 Shares, representing approximately 0.10% of the enlarged issued share capital of the Company and Mr Coetzer will hold 3 464 267 Shares representing approximately 0.11% of the enlarged issued share capital of the Company. Admission and total voting rights The Shares are expected to be admitted to trading on AIM and listed on the Altx of the JSE Limited on or about 5 March 2026 (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 Shares, will be 3 150 549 827 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.   27 February 2026 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   The Company provides the following notifications and public disclosures of the share purchases, by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them:   1 Details of the person discharging managerial responsibilities / person closely associated a) Name Jonathan Morley-Kirk 2 Reason for notification Director of Jubilee a) Position / status Finance Director b) Initial notification Initial /Amendment 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 instrument, type of instrument Identification code Ordinary Shares ISIN: GB0031852162 b) Nature of the transaction Issue of ordinary shares c) Price(s) and volumes(s) Issued 2 184 564 ordinary shares at a price of 3.04 pence d) Aggregated information n/a e) Date of the transaction 27 February 2026 f) Place of the transaction London Stock Exchange, AIM Market (XLON)   1 Details of the person discharging managerial responsibilities / person closely associated a) Name Leon Coetzer 2 Reason for notification Director of Jubilee a) Position / status Chief Executive Officer b) Initial notification Initial /Amendment 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 instrument, type of instrument Identification code Ordinary Shares ISIN: GB0031852162 b) Nature of the transaction Issue of ordinary shares c) Price(s) and volumes(s) Issued 2 069 267 ordinary shares at a price of 3.04 pence per share d) Aggregated information n/a e) Date of the transaction 27 February 2026 f) Place of the transaction London Stock Exchange, AIM Market (XLON)   In compliance with Rules 6.78 of the JSE Listing Requirements, the following information is disclosed:   Company director Jonathan Morley-Kirk Date of transaction 27 February 2026 Number of shares 2 184 564 Price per share 3.04p Class of shares Ordinary Nature of transaction Issue of ordinary shares for the successful implementation of the sale of the South African chrome and PGM operations Nature of interest Direct beneficial Total value GBP 66 421 / ZAR 1 582 804    Company director Leon Coetzer Date of transaction 27 February 2026 Number of shares 2 069 267 Price per share 3.04p per share Class of shares Ordinary Nature of transaction Issue of ordinary shares following an exercise of options Nature of interest Direct beneficial Total value GBP 62 915 / ZAR 1 499 268  

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