Corporate Governance Update

Marula Mining PLC

28 April 2026

 

Marula Mining PLC

("Marula Mining'' or the "Company")

28 April 2026     

Corporate Governance Update

Marula Mining PLC (AQSE: MARU A2X: MAR) provides an update on the ongoing development of its corporate governance framework, systems and controls. This programme of work is embedded within the Company's operations and is continuously evolving to reflect best practice as Marula Mining expands throughout East and Southern Africa. The Company remains committed to maintaining and enhancing its governance framework, systems, and controls on an ongoing basis, ensuring compliance with statutory and regulatory obligations.

The newly appointed Company Secretary has led a review against the Quoted Company Alliance Corporate Governance Code. This review has enabled the Company to identify opportunities for improvement and ensure its governance remains robust and forward-looking.

Strengthening Core Processes

Building on its governance framework, the Company is refreshing its Board and Committee calendars, standardised Board pack structures, and improving the quality of Board papers.

As part of its annual review, the Company has updated its Terms of Reference and governance documentation, strengthened insider list and share dealing procedures, and reviewed key policies to ensure continued compliance. The review of Policies and Procedures, together with Board and Committee Terms of Reference, has been completed and will be published following Board approval.

Jason Brewer, Chief Executive Officer of Marula Mining Plc, said:

"Whilst the Company continues to develop its operations throughout East and Southern Africa, the Company has to continue to demonstrate its commitment and to meet best corporate governance practices and compliance with its statutory, regulatory and governmental reporting obligations.

"The prolonged and continued suspension in trading of the Company's shares on the Aquis Stock Exchange is unacceptable and cannot be repeated as we need to ensure that we are able to restore shareholder and regulator confidence in the Company and its systems, controls and processes.

"This ongoing work, led by our newly appointed Company Secretary and Compliance Officer, is critical to the future success of the Company and is a key focus going forward."

The Directors of Marula are responsible for the contents of this announcement.

ENDS

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 critical mineral mining operations and mine development and exploration projects in East and Southern Africa. 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 Mining's strategy is to identify and invest in advanced and high-value mining projects throughout East, and Southern Africa that the Directors believe would deliver returns for its shareholders. The Board and management team aims to establish Marula Mining 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 Mining's shares are traded on AQUIS Stock Exchange (AQSE) in London and A2X Markets in South Africa.

For enquiries contact:

Marula Mining PLC Jason Brewer Chief Executive Officer Faith Kinyanjui Mumbi Investor Relations	Email : [e-mail] Email : [e-mail]
AQSE Corporate Adviser Cairn Financial Advisers LLP Liam Murray / Ludovico Lazzaretti	[phone]
A2X Advisor AcaciaCap Advisors Proprietary Limited Michelle Krastanov	[phone]

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.

 

END