Weatherly International Plc Regulatory News (WTI)

25 September 2013

Weatherly International Plc

("Weatherly" or "the Company")

Tschudi Update

Weatherly International Plc (AIM:WTI) is pleased to announce the appointment of key contractors to build its flagship Tschudi Copper project in Nambia .

Highlights

· Following our announcement on 19 September 2013 confirming the full funding for our flagship Tschudi Copper project in Namibia, we are pleased to announce the execution of contracts with the three major contractors engaged to build the Tschudi Copper mine and plant. 

Rod Webster CEO of Weatherly commented:

"The final negotiations to secure the loan for Tschudi took longer than originally anticipated, but we were able to make significant operational progress on Tschudi during these negotiations. Appointing the contractors takes us one step closer to getting Tschudi into production."

Tschudi Project - About our contractors

The following contractors have been appointed and contracts executed. Weatherly is looking forward to working with all of our partners in developing the Tschudi project:

Basil Read - Mining:

Weatherly has signed the agreement with Basil Read Mining Namibia, a Namibian subsidiary of a South African firm that brings with it six decades of construction and mining expertise. Basil Read started operations in 1952, and has become a powerful brand in construction, development, engineering and mining in Southern Africa.

There's has been a journey with many milestones - from its listing on the JSE in 1987; to a landmark empowerment deal in 2005; from a R5 billion turnover in 2008; to being top of the Sunday Times Top 100 Companies Survey in South Africa in both 2008 and 2009.

 B & E International - Crushing/Agglomeration/Stacking:

Weatherly have appointed B & E International North (Namibia), a Namibian subsidiary of a South African firm. Founded in 1972 the company entered the mining services sector in 1993, and diversified into bulk mining, processing and beneficiation of minerals; design and construction of purpose built plants; maintenance and operation of processing plants for mine owners; and also entered the market of design and construction of asphalt and processing plants through the acquisition of Comar Plant Design Engineering.

In 2008, the company was acquired by Raubex Group Ltd and through various group rationalisation exercises, B & E International (Pty) Ltd is now a strong and focused crushing, mining and mineral processing entity. The company's customer list includes, inter alia, Anglo American, BHP Billiton, Exxaro, Assmang, De Beers, Namdeb, most major South African construction companies and various international construction companies operating in Sub Saharan Africa.

LogiMan - Plant construction:

LogiMan, who will operate under a Namibian subsidiary for the Weatherly contract, provides a specialist, multidisciplinary engineering consulting and project management service to the mining and heavy industries. Its particular strengths are in the process and minerals engineering sectors.The company has in just a few years developed a reputation for project delivery. Its growth has stemmed from its ability to service all stages of the project life cycle from concept to completion. Logiman does active work outside the borders of the RSA. The agreement with Logiman is for a fixed price EPC contract (for R641m) which at today's exchange rate is consistent with the cost estimated in the feasibility of December 2012

Other key contracts:

We are close to finalising our agreement with Nampower (power supply) which will be executed post drawdown of the recently concluded Orion Mining Finance loan, and we are finalising a long term acid supply agreement Protea Chemicals. We will update the market on progress on these items in due course.

About Weatherly

Weatherly is an AIM listed, copper focussed mining company, the principal assets of which are located in Namibia. It currently has two producing copper mines (Otjihase and Matchless - the Central Operations), and full funding is in place 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 at an average industry cost of 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:

Weatherly International Plc +44 (0) 20 7917 2989

Rod Webster, Chief Executive Officer

Rolf Gerritsen Investor Relations

Canaccord Genuity Limited +44 (0) 20 7523 8000

Andrew Chubb / Neil Elliot