Completion of demerger and London listing.

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")

2 June 2025

Valterra Platinum Limited - Completion of demerger and London listing

Shareholders are referred to the announcement by Anglo American plc (Anglo American) announcing that it has completed the demerger of 51% of Anglo American's interest in Valterra Platinum Limited (the Company or Valterra Platinum), which took effect on Saturday 31 May 2025.

Valterra Platinum also announces that its entire issued share capital, consisting of 265,292,206 ordinary shares, has today been admitted to the Equity Shares (International Commercial Companies Secondary Listing) category of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's Main Market for listed securities under the ticker symbol "VALT". This listing is alongside Valterra Platinum's existing primary listing on the Johannesburg Stock Exchange with the share code "VAL" and ISIN ZAE000013181.

Craig Miller, CEO of Valterra Platinum said "Today marks a significant milestone as Valterra Platinum joins the main market of the London Stock Exchange, complementing our primary listing in Johannesburg. Our secondary listing is a pivotal step in our evolution as a stand-alone, platinum group metals business. Not only does this listing broaden our shareholder base and access to our world-class assets but it also underscores our commitment to long-term value creation for the benefit of all our stakeholders. I welcome all our new shareholders and look forward to the future with real excitement. Our industry-leading resource base, competitive cost position and integrated processing capacity ideally positions us to make the most of the PGM industry, where there is a strong case for enduring demand. As a team, we're committed to making the most of the opportunities that lie ahead and creating significant and sustainable value for all our stakeholders."

For further information please contact:

Investors:                                                                                                             

Theto Maake                                                                                                        

theto.maake@valterraplatinum.com                                                              

Marcela Grochowina

marcela.grochowina@valterraplatinum.com

Media:                  

Cindy Maneveld

cindy.maneveld@valterraplatinum.com

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.

Disclaimer

The Company makes no representation or warranty as to the appropriateness, accuracy, completeness or reliability of the information in this announcement.

This announcement is for information purposes only and is not intended to and does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security. No offer of shares will be made as part of the demerger of the Company from the Anglo American Group (the Demerger) or in connection with the admission of the Company's ordinary shares (Admission) to the Equity Shares (International Commercial Companies Secondary Listing) category of the Official List of the Financial Conduct Authority (FCA) and to trading on the LSE's Main Market for listed securities and the prospectus published by the Company on 8 April 2025 (the Prospectus) was published solely in connection with the Demerger and Admission.

The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and neither the Anglo American Group nor the Company intend to make a public offer of securities in the United States.