COPPER 360 LIMITED - Changes to the board of Directors

Changes to the board of Directors

COPPER 360 LIMITED
Incorporated in the Republic of South Africa
(Registration number 2021/609755/06)
Share code: CPR
ISIN: ZAE000318531
("Copper 360" or "the Company")

CHANGES TO THE BOARD OF DIRECTORS

In accordance with paragraph 6.71 of the JSE Limited Listings Requirements, shareholders are advised of the
following changes to the Board of Directors (the "Board") of Copper 360, each effective from 06 August 2026.

RETIREMENT OF MR RUPERT SMITH AS CHAIRMAN AND NON-EXECUTIVE DIRECTOR

The Board announces that Mr Rupert Smith has decided to retire as Chairperson and as a member of the Board
with effect from 06 August 2026, to reduce his professional commitments.

Mr Smith a highly regarded lawyer and a substantial, long-standing shareholder in the Company, has consistently
placed the interests of Copper 360 and its shareholders first and has been an unwavering source of wise counsel
offering not only sound legal insight but also steady leadership guidance at each stage of the Company's
development.

The Board records its appreciation for Mr Smith's service, dedication and stewardship. The Board is pleased to
note that Mr Smith has indicated that, as he has always been, remains ready to provide support to the Company
whenever called upon, and the Board looks forward to continuing to draw on his experience and counsel.

APPOINTMENT OF MR NEAL FRONEMAN AS CHAIRMAN AND INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board is pleased to announce the appointment of Mr Neal Froneman as an Independent Non-Executive
Director and as Chairman of the Board, subject only to the completion of the Company's customary screening
procedures, which are currently underway.

Mr Froneman is one of the most accomplished and widely respected leaders in the global mining industry. As
founding Chief Executive Officer of Sibanye-Stillwater, he built the business from a 2013 spin-off of South African
gold assets into a leading international precious metals and battery metals group, before concluding his tenure
as Chief Executive Officer in 2025. An engineer by training, his career spans more than four decades across gold,
platinum group metals and green and battery metals.

The Board believes that Mr Froneman's appointment brings significant additional depth to an already well-
balanced and capable Board. In particular, his appointment is expected to contribute:

•   extensive operational and executive leadership experience across multiple commodities and mining
    jurisdictions;
•   a proven track record of value creation through disciplined capital allocation and well-executed strategic
    mergers and acquisitions;
•   deep insight into global commodity markets and the metals underpinning the energy transition;
•   strong relationships across investors, financiers, governments, regulators and organised labour; and
•   recognised leadership in corporate governance, safety, sustainability and stakeholder engagement.
                                                                                                              
The Board is confident that Mr Froneman's strategic guidance and industry standing will support the delivery of
long-term, sustainable value for shareholders, and looks forward to his contribution as Chairman.

Stellenbosch
06 August 2026
Designated Advisor: Bridge Capital Advisors Proprietary Limited

Date: 06-08-2026 02:00:00
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