Interim Ordinary Dividend Declaration

Valterra Platinum Limited

(Incorporated in the Republic of South Africa)

(Registration number: 1946/022452/06)

JSE Share Code: VAL

LSE Share Code: VALT

JSE Debt Issuer Code: VALI

ISIN: ZAE000013181          

Tax number: 9575104717615                          

("the Company" or "Valterra Platinum")

29 July 2026

Valterra Platinum Interim Ordinary Dividend Declaration

The Board is pleased to advise that at its meeting held on 27 July 2026, the directors approved the declaration of a gross interim cash dividend of R15.1 billion (R57.00 (5700 cents) per share) on the ordinary shares of the Company ("gross dividend"). The gross dividend is made up as follows:

•          R8.6 billon or R32.50 (3250 cents) per share representing a base cash dividend ("base dividend") equal to 40% of headline earnings, in line with the Company's dividend policy; and

•           R6.5 billon or R24.50 (2450 cents) per share representing an additional cash dividend ("additional dividend") in line with the Company's capital allocation framework.

The gross dividend has been declared from retained earnings generated from profits typical of ordinary trading activities.

The issued share capital of the Company at the declaration date is 265,292,206 ordinary shares.

Share certificates may not be dematerialised or rematerialized, nor may any transfers of shareholdings between the South African share register and the Jersey Branch register be permitted, between Wednesday 19 August 2026 and Friday 21 August 2026, both days 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 256.09920 pence per share (Pound Sterling) based on an exchange rate of GBP1:ZAR22.25700 as at 17:00 (CAT) on Tuesday 28 July 2026.

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 R45.60 (4560 cents) per share, split up as follows:

•    R26.00 per share (2600 cents per share) (R32.50 base cash dividend per share less R6.50 withholding tax per share),

•    R19.60 per share (1960 cents per share) (R24.50 additional cash dividend per share less R4.90 withholding tax 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, 21 August 2026.

JSE equity sponsor:

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

JSE debt sponsor:

The Standard Bank of South Africa Limited

For further information, please contact:

Company Secretary

Fiona Edmundson

[email protected]

Investors:                                                                                                                                    

Leroy Mnguni

[email protected]

Marcela Grochowina

[email protected]        

Media:

Cindy Maneveld

[email protected] 

ABOUT VALTERRA PLATINUM

Valterra Platinum 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. We operate world class, long-life mines and the industry's most efficient processing assets, responsibly mining, smelting, and refining PGMs and associated co-products from operations located in South Africa and Zimbabwe. With integrated marketing hubs in London, Singapore and Shanghai, we deliver tailored solutions for our customers. We continue to integrate sustainability into everything we do, invest in our mining and processing capabilities and advance market development initiatives to grow and commercialise new demand segments. We make a meaningful impact in the communities where we operate and remain committed to delivering consistent and superior returns to shareholders. Guided by our purpose of unearthing value to better our world, we are committed to zero harm, disciplined capital allocation and delivery on our value-accretive strategic priorities.

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.