Marula Mining PLC - Appointment of Chief Financial Officer

Marula Mining PLC

("Marula'' or the "Company")

7 April 2026       

Appointment of Chief Financial Officer

Marula Mining PLC (AQSE: MARU A2X: MAR) an African focused mining and development company, is pleased to announce the appointment of Ms Esther Ndeto ("Ms Ndeto") as Chief Financial Officer ("CFO"), with effect from April 2026.

Ms Ndeto brings over 15 years of leadership in end-to-end finance operations across East and Southern Africa. Her expertise spans across blended finance, financial planning and analysis, treasury, International Financial Reporting Standards ("IFRS") and capital raising. As a Certified Public Accountant (CPA-K) with an MBA in Fintech and Blockchain, Ms Ndeto has delivered board-level financial insight to development finance institutions, donors and international funders, with a balance of both business growth and sound financial management.

Ms Ndeto's experience across financial services, infrastructure and capital markets, the management of broad-based budgets as well as financial systems, will further strengthen the Company's capabilities in these key areas.

In her role as CFO, which is a non-Board position she will be based at the Company's operational offices in Kenya, and will be responsible for overseeing the Company's financial management and reporting, budgeting and financial planning, strategic capital allocation, and risk management. She will also lead financial operations, support the Board in meeting regulatory compliance and internal controls, financial analysis, forecasting and strategic decision-making.

Ms Ndeto's focus will be working with the Company's finance and executive management team in the United Kingdom, South Africa and East Africa, in finalising the 2024 and 2025 Annual Reports as well as the 2025 half year report.

A key area of Ms Ndeto's role will be in strengthening the Company's financial procedures, systems and controls to meet the increased operations in different jurisdictions and support the Company with its financial reporting obligations under the AQSE Growth Market Rules and Companies Act 2006.

The Board considers that the appointment of Ms Ndeto will enhance the Company's financial management and governance framework at a time when it is focused on progressing its mine development activities and addressing its financial reporting and corporate processes.

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

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'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 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 AQUIS Stock Exchange (AQSE) in London and A2X Markets in South Africa.

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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.