Marula Mining PLC

("Marula'' or the "Company")

6 February 2026               

Proposed Directors

Marula Mining PLC (AQSE: MARU A2X: MAR) an African focused mining and development company, is announces that it intends to appoint Alpheus Nethononda, Martin Westerman and Boniface Mbithi as Directors of the Company subject to the completion of customary regulatory due diligence.

Mr. Nethononda has also assumed the role of Chief Operating Officer, replacing Martin Westerman. Martin Westerman will move to the role of Non-executive Director and join the Board, subject to completion of regulatory due diligence, continuing to support the Company in its development.

With over 20 years of senior leadership experience, including serving as Chairman of Infirnity Resource Group, a diversified group with interests in mining, commodity trading and mineral beneficiation, and partner in the acquisition of Tonto Tshipi Manganese Mine ("Tonto Tshipi"), Mr. Nethononda brings extensive operation, commercial and governance expertise. His experience in leading mining businesses and executing growth-focused strategies positions him to drive operational performance and long-term value creation for the Company, while supporting the advancement of the Company's South African portfolio, including existing and potential future mining and processing developments across the region.

Mr. Nethononda, currently serves on the Company's Advisory Board, providing strategic guidance and expertise to the Company's Chief Executive Officer and Executive Management Team as announced on 13 August 2025.

Mr. Boniface brings a decade of experience as a social entrepreneur and circular economy expert, with a track record in building, leading and scaling climate focused enterprises across Kenya and the African region. He brings expertise in governance, policy engagement, and enterprise leadership, with a proven ability to bridge innovation, regulation, and large-scale implementation.

Mr. Boniface is the Founder and Chief Executive Officer of Waste Electrical and Electronic Equipment Centre ("WEEE" centre), a climate-technology enterprise providing circular e-waste management across Africa. The Company has collaborated with WEEE Centre to support the early-stage development of a lithium-ion battery recycling and critical metals processing facility in Kenya, with a focus on the recovery and repurposing of e-waste and battery materials. He is also the Founder of Circular Innovation Hub, a platform established to connect and support circular economy innovators and stakeholders across Africa, with a focus on promoting resource efficiency, social inclusion and environmental sustainability.

Mr. Boniface serves as a Director and Trustee of Computer for Schools Kenya ("CFSK"), and is a Board Member of the ICT Authority of Kenya and Human and Environmental Research Institute ("HERI") Kenya.

In his proposed new role as a Non-Exectuive Director of the Company, Mr. Westerman will also serve  as the Chairman of the Company's Audit Committee where he will be responsible for advising and assisting the Board of Directors in ensuring the quality, transparency, and integrity of published financial information and the Company's financial statements, annual and interim reports as well as the accounts.

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.