Marula Mining PLC - Changes to Advisory Board & Issue of Equity

Marula Mining PLC

("Marula'' or the "Company")

13 August 2025 

Changes to Advisory Board Members and Issue of Equity

Marula Mining PLC (AQSE: MARU A2X: MAR) an African focused mining and development company, is pleased to announce the appointment of Mr Tshililo Alpheus Nethononda to its Advisory Board with immediate effect.

Mr Nethononda replaces Mr Jacques Breytenbach, who steps down due to his commitments to several major projects requiring his full attention.

Alpheus will be joining the Advisory Board members in providing strategic guidance and expertise to the Company's Chief Executive Officer and executive management team as the Company continues its critical and battery metals mine producer growth strategy in East and Southern Africa as announced on 23 April 2025.

Mr Nethononda is an accomplished mining entrepreneur and Executive Director who serves as the current Chairman of Infirnity Resource Group, a diversified company with interests in mining, manufacturing, education, commodity trading, sports, and mineral beneficiation.

Mr Nethononda brings over 20 years of leadership experience, having founded and led multiple enterprises, including Neal Mining and Khumo Group, and established partnerships with major mining houses such as DeBeers, Anglo Gold, and Anglo Platinum.

Mr Nethononda is also the Founder and Convener of the UNISA Law Student Association and has chaired several educational institutions and served as a researcher at Human Rights Watch, demonstrating a strong record in governance, advocacy, and social impact. He is also a recognised business motivational speaker and philanthropist.

Alpheus' network and proven track record in business development, stakeholder engagement, and strategic leadership are expected to add significant value to Marula's growth ambitions, particularly in East and Southern Africa. 

The Advisory Board now consists of Hubert Ruzibiza, Lemogang Pitsoe, Jared Aimba and Dr Caroline Saroni and the newly appointed Alpheus Nethononda, all who are highly experienced and respected professionals from the mining, financial, legal and environmental and green economy sectors.

Issue of Shares to Advisory Board Members

In accordance with the terms of appointment for Advisory Board members, the Company has issued to each of its Advisory Board members, ordinary shares of 0.01 pence each ("Ordinary Shares") valued at approximately £25,000 per member.

The shares will be issued at a price of 7.5 pence per share, representing a premium to the Company's current share price, resulting in the allotment of a total of 1,666,667 Ordinary Shares ("New Shares").

Admission

Application has been made for the New Shares to be admitted to trading on the Aquis Stock Exchange AQSE Growth Market and A2X Markets on or around 20 August 2025 ("Admission") and will rank pari passu with the ordinary shares of the Company in issue. The Company's ordinary shares remain suspended from trading.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 322,610,104 ordinary shares of 0.01 pence each, with each share carrying the right to one vote, therefore the total number of voting rights in the Company will be 322,610,104. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The Directors of Marula are responsible for the contents of this announcement. This announcement contains inside information for the purposes of UK Market Abuse Regulation.

About Marula Mining

Marula Mining (AQSE: MARU A2X: MAR) is an African focused battery metals investment and exploration company and has interests in several high value mining operations and mine development projects in Africa: the Blesberg Lithium and Tantalum Mine and Northern Cape Lithium and Tungsten Project, all in South Africa; the Boteti Lithium Brines Project in Botswana; the Larisoro Manganese Mine and Kilifi Manganese Processing Operation both in Kenya; the Kinusi Copper Mine, the Nyorinyori Graphite Project and the NyoriGreen Graphite Project all in Tanzania. As we advance operations at these battery metals focused projects, Marula will continue to build and expand its interests in other high-quality projects in Africa.

Marula's strategy is to identify and invest in advanced and high-value mining projects throughout East, Central and Southern Africa that the Directors believe would deliver returns for its shareholders. The Board and management team aims to establish Marula as a socially and environmentally responsible, sustainable, and profitable producer of critical metals and commodities that are of increasingly strategic importance to modern technologies and the global economy. Marula's shares are traded on AQUIS Stock Exchange (AQSE) in London and A2X Markets in South Africa. Marula is exploring opportunities to admit its shares to trading on Kenya's Nairobi Securities Exchange and South Africa's Johannesburg Stock Exchange.

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Caution:

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.