Marula Mining PLC - Update on Annual Accounts

Marula Mining PLC

("Marula" or the "Company")

2 November 2026

Update on Completion of the Audit of Northern Cape Lithium & Tungsten's Annual Financial Statements

Further to its announcement of 9 September 2026, Marula Mining PLC (AQSE: MARU A2X: MAR), the African-focused mining and development company, provides an update on the finalisation of the audited annual financial statements ("AFS") of Northern Cape Lithium & Tungsten ("NCLT") for the financial years ended 29 February 2024, 28 February 2025 and 28 February 2026, respectively.

The Company confirms that the audit of NCLT's AFS for the 2024, 2025 and 2026 financial years has now been completed.

NCLT's AFS will be submitted to the Company's UK auditor, MKS Moore Kingston Smith, in support of the ongoing Group audit process.

Muchai Mining South Africa (Pty) Limited ("MMSA") is the Company's lead subsidiary in South Africa.

During the 2024, 2025 and 2026 financial years, NCLT was one of the two subsidiaries within MMSA, the Company's South Africa Business Unit, together with Southern African Lithium and Tantalum Mining (Pty) Limited ("SALT").

The Company will provide further updates on audit progress within its South Africa Business Unit and on the Group consolidation process as this work progresses.

The Directors accept responsibility for the contents of this announcement.

ENDS

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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 critical mineral mining operations and mine development and exploration projects in East and Southern Africa. 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, 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.

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.