Interim Dividend Declaration

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")

28 July 2025

Interim Dividend Declaration

Interim ordinary cash dividend declaration

The Board is pleased to advise that at its meeting held on 24 July 2025, the directors approved the declaration of a gross interim dividend of R0.5 billion (R2.00 per share (200 cents per share)) on the ordinary shares from profits accrued during the six-month period ended 30 June 2025. The dividend pay-out is aligned with the Company's dividend policy of 40% of headline earnings.

Share certificates may not be dematerialised or rematerialised between Wednesday 20 August 2025 and Friday 22 August 2025, both dates inclusive, nor may any transfers of shareholdings between the South African share register and the Jersey Branch register be permitted between Tuesday 19 August 2025 and Friday 22 August 2025, both dates inclusive. Any changes to the dividend instructions and timetable will be announced on the Johannesburg Stock Exchange News Service and the LSE Regulatory News Service.

The salient dates have been set out above to allow non-South African resident shareholders sufficient time to apply for a reduced rate of dividend withholding tax if they qualify for this.

The dividend will be paid in South African Rand for shareholders on the South African share register and in Pound Sterling for shareholders on the Jersey Branch register, UK Depositary Interest Register and UK Corporate Sponsored Nominee register. The Pound Sterling cash equivalent is 8.37482 pence per share (Pound Stirling) based on an exchange rate of GBP1:ZAR23.88110 as quoted by Bloomberg at 17:00 (CAT) on 25 July 2025.

Tax treatment for shareholders on the South African share register

The dividend will incur a 20% withholding tax unless an exemption or reduced rate is applicable under a tax treaty. Should the dividend withholding tax be withheld at the full rate of 20%, the net dividend will be R1.60 per share (160 cents per share).

Tax treatment for shareholders on the Jersey Branch register, UK Depositary Interest Register and UK Corporate Sponsored Nominee register

Valterra Platinum has retained Computershare UK as an intermediary to receive and process the relevant prescribed declarations and forms as set out below. Any reference below to documentation, which is required to be submitted to Valterra Platinum, should therefore be submitted to Computershare UK.

Non-South African tax resident shareholders will be paid the dividend subject to 20% dividend withholding tax. However, non-South African tax resident shareholders may be entitled to a reduced rate of dividends tax due to the provisions of an applicable tax treaty.

Shareholders who qualify for an exemption from or reduction in dividends tax in terms of section 64F of the South African Income Tax Act 58 of 1962 must provide the following:

•     A declaration that the dividend is exempt from dividends tax.

•   A written undertaking to inform the regulated intermediary should the circumstances affecting the exemption change or if the beneficial owner ceases to be the beneficial owner, both in the form prescribed by the Commissioner for the South African Revenue Service to the regulated intermediary prior to the required date to benefit from the exemption. The prescribed form has been transposed onto the Computershare UK format.

Shareholders on the Jersey Branch register, UK Depositary Interest register, and UK Corporate Sponsored Nominee register will be sent the required documentation for completion and return to Computershare UK. Qualifying shareholders on the Jersey Branch register, UK Depositary Interest register, and UK Corporate Sponsored Nominee register are advised to arrange for the above mentioned documents to be submitted to Computershare UK by Friday, 22 August 2025.

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]

Leroy Mnguni

[email protected]

[email protected]

Marcela Grochowina

[email protected]

[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 world class, long-life mines and the most efficient processing assets in the industry, the Company responsibly mines, smelts and refines PGMs and associated co-products from its operations located in South Africa and Zimbabwe. With its integrated value chain, supported by marketing hubs in London, Singapore and Shanghai, the Company delivers tailored solutions for its customers. The Company continues to integrate sustainability into everything it does, supports investment in its mining and processing capabilities and pursues market development activities to grow and commercialise new demand segments. It also makes a meaningful impact to communities around its operations and will deliver 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.

Cautionary Statements

This announcement contains inside information. Upon publication of this announcement on the Johannesburg Stock Exchange News Service and the LSE Regulatory News Service, the inside information is considered to be in the public domain.