Investor Presentaiton

Board & Management Jupiter Team Jupiter Mines Limited Tshipi Team Brian Gilbertson Non Executive Chairman In 1997, Gencor Limited restructured its non-precious metals interests as Billiton plc. With Mr Gilbertson as Executive Chairman, Billiton plc raised US$1.5 billion in an initial public offering on the LSE, taking the company into the FTSE 100. Separately, Mr Gilbertson worked to merge the gold operations of Gencor and Gold Fields of South Africa, creating Gold Fields Limited, a leader in the world gold mining industry. He served as its first Chairman until October 1998. In 2001, Billiton plc merged with BHP Limited to create what is widely regarded as the world's premier resources company, BHP Billiton plc. Mr Gilbertson was appointed its second Chief Executive on 1 July 2002. In late 2003, Mr Gilbertson led mining group Vedanta Resources plc (Vedanta) to the first primary listing of an Indian company on the London Stock Exchange in the second largest IPO of the year (US$876 million). He served as Chairman of Vedanta until July 2004. He was appointed President of Sibirsko-Uralskaya Aluminium Company (SUAL), the smaller aluminium producer in Russia and led that company into the US$30 billion merger with RUSAL and the alumina assets of Glencore International A.G., creating the largest aluminium company in the world. Mr Gilbertson established Pallinghurst Advisors LLP and Pallinghurst (Cayman) GP L.P. during 2006 and 2007 respectively, to develop opportunities on behalf of a group of natural resource investors, which currently own 86% of Jupiter. Mr Gilbertson is the non-executive chairman of Gemfields Group Limited, a company listed on the Johannesburg Stock Exchange (JSE: GML). Priyank Thapliyal ◉ ■ Chief Executive Officer Priyank joined Sterlite Industries in 2000 and worked alongside Mr Anil Agarwal (owner) to implement the strategies that led to the creation of Vedanta Resources plc, a FTSE 100 company. Vedanta floated on the London Stock Exchange (LSE) in December 2003 and raised USD 870 million in its IPO, in what was the largest mining IPO on the LSE that year, and also the first primary listing of an Indian company on the LSE. The success of the Vedanta IPO was instrumental in other emerging market mining companies seeking LSE listings. Subsequent to the LSE listing, he led Vedanta's first major overseas acquisition via the USD 50 million controlling investment in Konkola Copper Mines (KCM) in Zambia in 2004. At the time of his departure in October 2005 to co-found Pallinghurst Resources LLP (Pallinghurst LLP), the KCM stake was valued at USD 1 billion and Vedanta had a market capitalisation of USD 7.5 billion. Priyank has been instrumental in delivering Pallinghurst's steel feed strategy via Jupiter Mines Limited. That has led to the creation of the flagship Tshipi Manganese Mine, from what was a greenfield project, into one of the largest, long-life and low cost assets of strategic importance Ezekiel Lotlhare Chief Executive Officer Carel Malan Chief Financial Officer Career history: Process Metallurgist for Hotazel Manganese Mine; Plant Manager at Lonmin and Hotazel Manganese Mine; Operations Manager at Tau; joined Tshipi in 2011 as Operations Manager and subsequently General Manager at Tshipi, appointed Chief Executive Officer of Tshipi in October 2016 Education: Bachelor's of Technology in Chemical Engineering; MBL from University of South Africa Career history: Mining and Metals focus at Ernst and Young; Financial Services Focus at Ernst and Young Bermuda; joined Tshipi in 2012; appointed Chief Financial Officer of Tshipi in October 2016 Education: Bachelor's of Commerce (Hons) from University of Pretoria; Chartered Accountant (2010) Melissa North ■ Chief Financial Officer Ms Melissa North joined Jupiter Mines in May 2012 as Group Financial Controller and was subsequently appointed CFO and Company Secretary on 15 November 2012. Prior to joining Jupiter, Ms North held various roles in finance management and business advisory services over almost a decade, including Group Financial Controller positions within the Chime Communications Group (London) and other large media agencies in the United Kingdom. Ms North qualified as a Chartered Accountant in 2004 after extensive work experience at Grant Thornton Perth (now Crowe Horwath). Paul Murray Sungwon Yoon Andrew Bell Non-Executive Director Non-Executive Director Non-Executive Director Board & Management directly hold ~35m shares, and predominately escrowed

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