Issue of Equity, Director/PDMR Dealing

Marula Mining PLC

 (“Marula’’ or the “Company”)

6 September 2023

Issue of Equity, Director/PDMR Dealing

Marula Mining (AQSE: MARU), an African focused mining and development company, announces the issue of 1,150,000 new ordinary shares at a price of 2 pence per new ordinary share to Richard Lloyd, a Director of the Company, in lieu of £23,000 of unpaid director salary (“Director Fee Shares”).

Issue of shares to Director

The Company has issued in aggregate 1,150,000 new ordinary shares in the Company at a price of 2 pence per share (the “Director Fee Shares”) to Richard Lloyd in lieu of unpaid fees in 2021 when the Company operated as All Star Minerals plc. The Director Fee Shares were agreed by the Company’s Remuneration Committee to be issued at the equity raising price completed in October 2022.

Director	Current shareholding	Director Fee Shares	Resultant shareholding	% of enlarged issued share capital on Admission
Richard Lloyd	1,835,000	1,150,000	2,985,000	2.10%

Related Party Transaction

The issue of Director Fee Shares to Richard Lloyd constitutes a related party transaction under Rule 4.6 of the AQSE Growth Market Apex Rulebook (the “Transaction”).  The Directors of the Company independent of the Transaction confirm that, having exercised reasonable care, skill and diligence, the Transaction is fair and reasonable insofar as the shareholders of Marula are concerned.

Admission

Application has been made for the Director Fee Shares to be admitted to trading on the Aquis Stock Exchange Growth Market on or around 11 September 2023 (“Admission") and will rank pari passu with the ordinary shares of the Company in issue.

Total voting rights

Following Admission, the Company's issued share capital will comprise 141,966,124 ordinary shares of 0.01p each, with each share carrying the right to one vote, therefore the total number of voting rights in the Company will be 141,966,124. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The Directors of Marula are responsible for the contents of this announcement. This announcement contains inside information for the purposes of UK Market Abuse Regulation.

About Marula Mining

Marula Mining (AQSE: MARU) is an African focused battery metals investment and exploration company and has interests in several high value mine projects in Africa; Blesberg Lithium and Tantalum Mine in South Africa, Nkombwa Hill Project in Zambia and Kinusi Copper Mine, Bagamoyo Graphite Project and Nyorinyori Graphite Project in Tanzania. 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’s strategy is to identify and invest in advanced and high-value mining projects throughout East, Central and Southern Africa that the Directors believe would deliver returns for its shareholders. The Board and management team aims to establish Marula 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’s shares are traded on the AQUIS Stock Exchange (AQSE), Marula is exploring opportunities to admit its shares to trading on AIM, the market operated by the London Stock Exchange Group plc, Kenya’s Nairobi Securities Exchange and South Africa’s Johannesburg Stock Exchange.

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]
Broker Peterhouse Capital Limited, Charles Goodfellow / Duncan Vasey	[phone]
Financial PR and IR BlytheRay Tim Blythe / Megan Ray / Said Izagaren	[phone]

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Richard Lloyd
2	Reason for notification
a.	Position/Status	Chairman of the Company
b.	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Marula Mining plc
b.	LEI	2138002UCKAEBPYWVT15
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a.	Description of the financial instrument, type of instrument Identification Code	Ordinary shares of 0.01 pence each   ISIN: GB00BNBS4S95
b.	Nature of the transaction	Director Fee Shares issuance
c.	Price(s) and volume(s)		Price(s) Volume(s) 2p 1,150,000
d.	Aggregated information - Aggregated Volume - Price	N/A
e.	Date of the transaction	31 August 2023
f.	Place of the transaction	AQSE

---

---