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Tschudi Copper Project - Weatherly International PLC

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Namibia the Country<br />

Background<br />

Namibia has a stable multi-party democracy with a history of free<br />

elections since independence. The Namibian constitution and its<br />

political leaders promote and encourage inward foreign investment.<br />

The country has a well established mining act, a good and fair legal<br />

system and a friendly tax regime. Mining is the biggest contributor<br />

to Namibia's economy in terms of revenue and is a valued industry<br />

by the Namibian government and people. The Fraser Institute<br />

Survey 2011/12 placed Namibia 6th amongst African nations when<br />

ranking jurisdictions on the attractiveness of their mining policies.<br />

<strong>Weatherly</strong> <strong>International</strong> has been operating in Namibia since 2006<br />

and has good relationships within the Namibian government, its<br />

agencies and other stake holders in Namibia.<br />

The <strong>Tschudi</strong> <strong>Project</strong> will offer many benefits to Namibia and<br />

Namibians, namely the:<br />

• Creation of more than 500 jobs directly in the<br />

<strong>Tschudi</strong> operations<br />

• Creation of thousands of jobs indirectly.<br />

• Revenue generation for the Republic of Namibia through<br />

taxation and royalties<br />

• Value addition to pure refined final-product copper for<br />

the first time in the country<br />

• Transfer of important skills to Namibians<br />

• Equity participation for Namibian partners including<br />

Republic of Namibia, Government Insurance Pension Fund<br />

and Labour Investment Holdings<br />

<strong>Weatherly</strong> <strong>International</strong> plc – Board of Directors<br />

John Bryant non-executive chairman<br />

Rod Webster chief executive officer<br />

Alan Stephens non-executive director<br />

Wolf Martinick non-executive director<br />

Max Herbert company secretary<br />

<strong>Weatherly</strong> Mining Namibia – Board of Directors<br />

Rod Webster chair man (London)<br />

Kevin Ellis chief financial officer (London)<br />

Craig Thomas managing director (Namibia)<br />

Andrew Thomson technical director (Namibia)<br />

Cleophas Mutjavikua non-executive director<br />

Titus Haimbili non-executive director<br />

Frans Ndoroma non-executive director<br />

Corporate Information<br />

<strong>Weatherly</strong> <strong>International</strong> plc is a public limited company quoted<br />

on the London Stock Exchange (AIM) under the ticker WTI.<br />

The total number of shares in issue is 536 million.<br />

<strong>Weatherly</strong> <strong>International</strong> <strong>PLC</strong> 180 Piccadilly, London W1J 9HF<br />

+44 (0)207 917 2989 F +44 (0)207 439 0262 info@weatherlyplc.com<br />

Management Team<br />

<strong>Weatherly</strong> has a highly capable and experienced team of Directors and<br />

senior operational management.<br />

Rod Webster<br />

Chief Executive Officer<br />

Craig Thomas<br />

Chief Operating Officer<br />

Mr Webster is a graduate mining engineer<br />

from the University of Sydney. He has over<br />

35 years experience in the resources industry,<br />

including more than 15 years in managing<br />

director or chief executive positions.<br />

Mr Thomas is an Australian mining engineer<br />

with over 20 years of diverse operational<br />

experience. He was previously General<br />

Manager of Lihir Gold’s Ballarat mine, and<br />

has also played key leadership roles in the<br />

development and production start-up<br />

of open pit and underground mines in<br />

several countries.<br />

London Office: 180 Piccadilly, London W1J 9HF<br />

Namibian Office: P.O. Box 40791, Ausspannplatz,<br />

Windhoek, Namibia<br />

Nomad: Collins Stewart, 88 Wood Street,<br />

London EC2V 7QR<br />

Registrars: Capita Registrars, The Registry,<br />

34 Beckenham Road, Beckenham, Kent BR3 4TU<br />

Investor Relations: Dean Friday<br />

+44 (0)20 7917 2989<br />

dean.friday@weatherlyplc.com<br />

www.weatherlyplc.com

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