Weatherly International Plc Regulatory News (WTI)

Weatherly International Plc ('Weatherly' or the 'Company')

End of Offer Period

On 16 April 2010 the Company announced that it had received an expression of interest from a third party in pursuing a business combination. Weatherly wishes to announce that it subsequently received an unsolicited approach relating to a potential all share offer for the entire issued share capital of the Company. Despite representing a premium to Weatherly's current share price, the approach was unanimously rejected by the Board of Weatherly as it was considered to materially undervalue the Company's asset base and prospects.

The Board has subsequently been formally advised by this party that they are not currently considering making an offer for the Company. The Company is not in discussions with any other party regarding a potential offer for the Company. As such, following consultation with the Panel on Takeovers and Mergers, the Company is no longer in an offer period.

Rod Webster, Chief Executive of Weatherly International plc commented:

"Following the recent disposal of our smelter business to Dundee Precious Metals Inc, Weatherly is well funded as we seek to realise the value of the Company's significant asset base and in particular as we work towards the restart of production at the Otjihase and Matchless mines and the completion of a feasibility study for the Tschudi open pit project. I look forward to updating shareholders with respect to progress in these endeavours."

For further information please contact:

Rod Webster, Chief Executive Officer Weatherly International Plc

+44 (0) 20 7917 2989

Richard Greenfield, Ambrian Partners Limited

+44 (0) 20 7634 4710