Result of Placing Jubilee Metals Group PLC Registration number (4459850) Altx share code: JBL AIM share code: JLP ISIN: GB0031852162 ("Jubilee" or "the Company" or "the Group") Result of Placing THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN. The Company is pleased to announce that it has today, raised gross proceeds of £ 30 million (ZAR 592 million) as result of the fundraising announced earlier today (the “Fundraising”). A total of 187 149 096 new ordinary shares in the capital of the Company (“New Ordinary Shares”) have been placed by WH Ireland Limited with new and existing investors (the “Placing”) at a price of 16.03 pence (ZAR 316.27 cents) per share (the “Issue Price”). As previously announced, application has been made to London Stock Exchange plc for the New Ordinary Shares to be admitted to trading on AIM. It is expected that admission will be effective, and dealings in the New Ordinary Shares will commence, at 8.00 a.m. on 21 September 2021. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following Admission will consist of 2 429 658 564 Ordinary Shares with voting rights attached (one vote per Ordinary Share). There are no Ordinary Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the DTRs. 15 September 2021 For further information visit www.jubileemetalsgroup.com or contact: Jubilee Metals Group PLC Colin Bird/Leon Coetzer Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913 Nominated Adviser - SPARK Advisory Partners Limited Andrew Emmott/James Keeshan Tel: +44 (0) 20 3368 3555 Broker - Shard Capital Partners LLP Damon Heath/Erik Woolgar Tel +44 (0) 20 7186 9900 Joint Broker – WHIreland Harry Ansell/Katy Mitchell Tel: +44 (0) 20 7220 1670 JSE Sponsor - Sasfin Capital (a member of the Sasfin group) Sharon Owens Tel +27 (0) 11 809 7500 PR & IR Adviser – Tavistock Jos Simson/ Gareth Tredway/Charles Vivian Tel: +44 (0) 207 920 3150 PR & IR Adviser – St Brides Partners Notes: Jubilee Metals Group is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. We create value for all stakeholders through the transformation of mining liabilities into profitable assets in a manner that addresses mining's historical footprint and improves the quality of life for surrounding communities. Our distinguishing value proposition is our net positive impact on all stakeholders and the environment. Our business model focuses on the retreatment and metals recovery from mine tailings, waste, slag, slurry and other secondary materials generated from mining operations. In effect, while extracting maximum financial returns, we responsibly rehabilitate environments scarred by the surface footprint of historical mining operations and solving air and water pollution issues associated with those installations. The Company's expanding multi-project portfolio provides exposure to a broad commodity basket including Platinum Group Metals ('PGMs'), chrome, lead, zinc, vanadium, copper and cobalt. Jubilee is listed on the London Stock Exchange's AIM (ticker: JLP) and the Johannesburg Stock Exchange (ticker: JB). Date: 15-09-2021 12:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.