Weatherly International Plc Regulatory News (WTI)

29 October 2013

Weatherly International Plc

("Weatherly" or "the Company")

Drawdown Tranche 1 Tschudi Loan

Further to the announcement of 20 September 2013, Weatherly International Plc (AIM:WTI) is pleased to announce the drawdown of the first tranche of the Tschudi loan facility supplied by Orion Mine Finance, which is part of the funding package relating to the development of the Tschudi Copper Project.

· Tranche 1: US$3 million is to repay the outstanding loan the Company has with Louis Dreyfus. Louis Dreyfus will then release the security it currently holds and Orion Mine Finance will itself take security before releasing the second tranche of the agreed loan

· The Company will make a further announcement upon drawdown of the second tranche and will communicate the planned timeline to production with the announcement of drawdown of the second tranche

About Weatherly

Weatherly is an AIM listed, copper focused mining company, the principal assets of which are located in Namibia. It currently has two producing copper mines (Otjihase and Matchless), and has finalised the financing for the development of the Tschudi Copper Project. These assets will enable Weatherly to achieve its medium term strategy of establishing a copper mining business capable of sustaining approximately 25,000tpa of copper production. The Company also has a 25% stake in an AIM listed company, China Africa Resources Plc (CAR), which is currently focused on the development of the lead/zinc project at Berg Aukas in Northern Namibia.

For further information please contact:

Weather International Plc +44 (0) 20 7917 2989

Rod Webster, Chief Executive Officer

Rolf Gerritsen, Senior Executive

Numis Securities Limited +44 (0) 20 7260 1000

John Prior

James Black

Jon Loubser

Shore Capital +44 (0) 20 7408 4090

Jerry Keen

Toby Gibbs