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Closing of Sale of South African Operations
Jubilee Metals Group Plc
Registration number (4459850)
AIM share code: JLP
Altx share code: JBL
ISIN: GB0031852162
('Jubilee' or 'Company' or 'Group')
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Closing of Sale of South African Operations
Jubilee, the Zambia copper focused producer, is pleased to announce that, following the satisfaction of
all conditions, the sale of the South African Chrome and PGM Operations to One Chrome (Pty) Ltd
(Disposal) is now complete.
As per the original transaction terms, the second cash instalment of US$10 million is expected to be
received by Jubilee from One Chrome in the coming days.
Following completion of the Disposal, the Company is now focused solely on its Zambian Copper
Business. Whilst the Company has retained its investment in the Tjate platinum project in South Africa
it continues to explore options to monetise this asset.
Leon Coetzer, CEO of Jubilee, commented:
"I am pleased to report that we have executed this transaction within the timelines stipulated when first
announced.
Thank you to the South African leadership team for all your efforts, not only in seeing this transaction
to close, but for the hard work from you and all of our employees in building this business into one of
the world's largest chrome producers in just a few short years. I will eagerly follow your growth and wish
you continued success.
I am excited to lead our remaining executive and Zambian copper team in replicating this success
through our Copper Business and look forward to a year of delivering significant growth in our copper
operations."
AGM Q&A
Ahead of the upcoming Annual General Meeting on 14 January 2026, management would like to
provide the opportunity for investors to submit questions ahead of the meeting via email to the following
address: jmorley-kirk@jubileemetalsgroup.com.
2 January 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
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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END
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Date: 02-01-2026 09:00:00
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