Marula Mining PLC - Secondary Listing of Ordinary Shares on A2X

Marula Mining PLC

("Marula'' or the "Company")

 19 April 2024

Secondary Listing of Ordinary Shares on A2X Proprietary Limited

Marula Mining (AQSE: MARU) an African focused mining and development company, is pleased to announce that it is pursuing a secondary listing on A2X Proprietary Limited ("A2X Markets" or "A2X"), independent stock exchange in South Africa ("Secondary Listing"). This dual listing is in addition to the Company's ongoing plans for the listing on the Johannesburg Stock Exchange.

Marula will list its share for trade by way of introduction on A2X Markets from 25 April 2024 under the share code "MAR" and its issued share capital will comprise 176,865,665 ordinary shares of 0.01 pence each at the date of the Secondary Listing. Marula will retain its primary listing on the Aquis Stock Exchange AQSE Growth Market ("AQSE").

Highlights:

·    A2X is a licensed and regulated stock exchange in South Africa that provides a secondary platform for companies to list their shares for trade

·    The South African Reserve Bank ("SARB") has approved the secondary inward listing of Marula on the exchange operated by A2X

·    The secondary listing on A2X will enlarge Marula's shareholder base and provide South African investors with an opportunity to invest in the Company

·    Shares will list for trade by way of introduction on A2X on 25 April 2024 under the share code "MAR"

·    Marula engaged AcaciaCap Advisors Pty Ltd ("AcaciaCap") as its Sponsor to manage and fast-track the A2X listing process

·    The Company continues to seek a dual listing on the Johannesburg Stock Exchange

Jason Brewer, Marula Mining PLC CEO said:

"We are delighted to announce the successful completion of our secondary listing on South Africa's A2X market. This achievement comes at a pivotal moment as we actively advance operations at our key producing asset, the Blesberg Lithium and Tantalum Mine, located in the Northern Cape Province of South Africa.

This listing not only provides greater accessibility for local investors but also underscores our commitment to fostering growth and development in South Africa's capital markets."

"The strategic investments and partnership with South African company Q Global Commodities, led by Quinton Van der Burgh, has played a significant role in facilitating this decision. This collaboration has strengthened our position and capabilities in the country, enabling us to navigate the complexities of the market and make informed decisions for the benefit of our stakeholders.

This dual listing is in addition to our ongoing plans for the listing on the Johannesburg Stock Exchange and transitioning our primary listing in London to the Standard Segment of the Main Market of the LSE. These strategic moves align with our overarching vision of strengthening Marula's position as a leading player in the mining sector, driving value for our stakeholders and contributing to the sustainable development of the regions in which we operate."

"I look forward to the opportunities and increased market exposure that this will likely bring for the Company as we continue to grow and accelerate our mining and new mine development activities in Africa."

A2X CEO, Kevin Brandy said:

"We are delighted to welcome Marula Mining Plc to our market next week and are pleased to have A2X serve as the Company's secondary listing exchange to enable Marula's South African investors access the opportunity to be part of the growth.

"We are thrilled to be associated with such a fast-growing battery metals African-focused company and look forward to witnessing expansion and growth in the South African sector. Marula Mining's commitment to battery metals aligns with A2X's goal of diverse African investment opportunities, enhancing liquidity and efficiency in trading, reflecting confidence in our platform and the growing battery metals industry importance.

"A2X takes pride in continuously expanding investment opportunities available to the South African marketplace. We remain committed to providing a seamless trading experience and fostering growth and innovation for investors and companies."

About A2X

A2X Markets, an independent South African stock exchange founded in 2014, is licensed and regulated by the Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA) in terms of the Financial Markets Act in South Africa. The A2X provides an additional trading venue for a company to secondary list their shares for trade, it is authorised to secondary list Shares, ETFs and ETNs as well as to inward list shares with a foreign primary listing.

Find out more about A2X Markets here: https://www.a2x.co.za/

About AcaciaCap

AcaciaCap Advisors was established over 22 years ago. They boast a skilled workforce, providing comprehensive corporate finance and listing consultancy services. From major publicly traded companies to small owner-driven businesses, they cater to diverse entrepreneurial enterprises. Specialising in sponsor and designated advisor services, offering listing services for A2X and the Cape Town Stock Exchange, their expertise covers business finance, mergers and acquisitions, capital raising, and valuation.

Find out more about Acacia Capital here: www.acaciacap.co.za

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) is an African focused battery metals investment and exploration company and has interests in several high value mine projects in Africa; the Blesberg Lithium and Tantalum Mine and Korridor Lithium Project in South Africa, the Kinusi Copper Mine, the Nyorinyori Graphite Project, the NyoriGreen Graphite Project and the Bagamoyo Graphite Project all in Tanzania, the Nkombwa Hill Project in Zambia and the Larisoro Manganese Mine located in Kenya. 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 the AQUIS Stock Exchange (AQSE), Marula is exploring opportunities to admit its shares to trading on the London Stock Exchange plc's Standard List or AIM Market, 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.