Smelter Disposal Update

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

Smelter Disposal - Namibian Competition Clearance

Further to the announcements of 14 January 2010 and 15 February 2010, Weatherly is pleased to announce that it has received approval from the Namibian Competition Commission (the 'Competition Commission') for the sale of the Tsumeb smelter business operated by its wholly owned subsidiary, Namibia Customer Smelters (Pty) Ltd ('NCS') (the 'Disposal') to Dundee Precious Metals Inc ('Dundee').

As announced on 15 February 2010, the Company had identified that the consent of Competition Commission to the Disposal was required and Weatherly filed the necessary information in connection with the Disposal on 29 January 2010. The Competition Commission has now confirmed its consent to the Disposal.

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