Board changes and update on petition

05 June 2015

Further to the announcement made by the Company on 12 May 2015 Mr Stuart Morris, Interim Non-Executive Chairman, and Johan Botha, Non-Executive Director, advised the Company today of their retirement as directors of the Company with immediate effect.

The Company further announces that effective today CIMGC, a substantial shareholder in Mwana, and Mr Yat Hoi Ning, a Non-Executive Director and associate of CIMGC have agreed to the withdrawal from the Petition of Messrs Morris and Botha. The succession plan for additional independent Non-Executive Directors, including the Chairman of the Company, is currently being discussed by the Board.

Kalaa Mpinga, Chief Executive Officer of Mwana Africa, commented:
"On behalf of the Company, I would like to extend my sincere thanks to Stuart and Johan. Stuart has performed an exemplary role as Chairman of the audit committee since he joined the Board and more recently as interim Chairman. Equally Johan's technical expertise has been invaluable as we brought back Freda Rebecca and BNC from care and maintenance. Stuart and Johan have always acted in the Company's best interests and I wish them both well in their future endeavours."

For defined terms please refer to the circular from 12 May 2015.

For further information contact:

Mwana Africa PLC
Kalaa Mpinga, CEO
Caroline Mathonsi, Investor Relations
Tel: + 44 (0) 203 696 5470

Nominated Adviser and Broker
Peel Hunt LLP
Matthew Armitt / Ross Allister
Tel: +44 (0) 20 7418 8900

Public and investor relations
Russell and Associates (South Africa)
Jim Jones / Leigh King
Tel: +27 (0) 11 880 3924
Tavistock (UK)
Ed Portman / Jos Simson / Mike Bartlett
Tel: +44 (0) 207 920 3150

About Mwana Africa PLC

Mwana Africa PLC is a pan-African, multi-commodity mining and development company. Mwana's principal operations and exploration activities cover gold, nickel, copper and diamonds in Zimbabwe, the Democratic Republic of Congo (DRC) and South Africa.