DEALING IN SECURITIES BY DIRECTORS AND OTHERS

Valterra Platinum Limited

(previously Anglo American Platinum Limited)

(Incorporated in the Republic of South Africa)

(Registration number: 1946/022452/06)

JSE Share Code: VAL

LSE Share Code: VALT

ISIN: ZAE000013181                           

("the Company" or "Valterra Platinum")

6 June 2025

DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY, BY DIRECTORS OF A MAJOR SUBSIDIARY AND BY THE COMPANY SECRETARY

DISTRIBUTION OF VALTERRA PLATINUM SHARES

Shareholders are referred to the announcement by Anglo American plc ("Anglo American") confirming the successful completion of the demerger of 51% of its interest in Valterra Platinum. The demerger became effective on Saturday, 31 May 2025.

As part of the transaction, Anglo American distributed shares in Valterra Platinum to its existing shareholders. Accordingly, the following directors, who held Anglo American shares at the time of the demerger, received Valterra Platinum shares in proportion to their holdings.

ACCELERATION OF VESTING OF SHARES PARTICIPATING IN THE ANGLO AMERICAN SHARE INCENTIVE PLAN (SIP)

Due to the accelerated vesting of the SIP on demerger for Valterra Platinum employees participating in the SIP, Valterra Platinum shares were distributed to the following participants and subsequently sold on the market:

LONG-TERM INCENTIVE PLAN ("LTIP") REPLACEMENT AWARDS

Former Anglo American employees who have transitioned to Valterra Platinum as part of the demerger are treated as good leavers. As such, have received accelerated vesting of their outstanding Anglo American Long-Term Incentive Plan (LTIP) awards on a pro-rated basis, reflecting both their period of service and Anglo American's performance up to the date of the demerger.

To ensure continuity, fairness, and alignment with existing Valterra Platinum participants, replacement Valterra LTIP awards will be granted as of the original grant date,  being LTIP23 - 14 April 2023 and LTIP24 - 22 April 2024. These awards will be based on Valterra Platinum's performance and are intended to partially offset any unvested Anglo American LTIP awards, thereby maintaining employee engagement and equity across the company.

The LTIP awards are subject to certain stringent performance conditions. The applicable vesting period is three years and is based on the fulfillment of pre-determined performance conditions. The details of the LTIP are set out in the Remuneration Report contained within the 2024 Governance Report available on the company website - www.valterraplatinum.com.

JSE Sponsor:

Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities

For further information, please contact:

Company Secretary

Fiona Edmundson

[email protected]

Investors:                                                

Theto Maake                              

[email protected]                                

Marcela Grochowina

[email protected]

Media:

Cindy Maneveld

[email protected]

About Valterra Platinum

Valterra Platinum Limited is one of the world's leading integrated producers of platinum group metals (PGMs) with a primary listing on the Johannesburg Stock Exchange and a secondary listing on the London Stock Exchange.  With a portfolio of outstanding long-life mines and proven processing assets, we responsibly and safely mine precious metals and associated co-products from our rich mineral resource endowment and process the PGMs and co-products at our smelting and refining operations located in South Africa and Zimbabwe. Our fully integrated value chain is supported by marketing hubs in London, Singapore and Shanghai to deliver tailored solutions for our customers. The Company will continue to be disciplined in its capital allocation, integrating sustainability into everything it does, to support the company's investment in its mining and processing capabilities, market development activities to grow and commercialise new demand segments, continue to make a meaningful difference to the development of the communities around our operations and return consistent and superior returns to shareholders. Valterra Platinum is committed to zero harm, capital allocation discipline and delivering on our value-accretive strategic priorities as a standalone, leading integrated PGM producer, guided by our purpose of unearthing value to better our world.