Statement re. Press Comment

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

Response to Press Speculation

Weatherly International Plc notes recent market commentary regarding statements made by the Minister of Mines in Namibia concerning the involvement of the state owned mining company, Epangelo Mining (Pty) Ltd, on specific strategic minerals, including copper.

The Minister has advised the Chamber of Mines of Namibia on 29 April 2011 that any new policy will not apply to current licenses and will therefore not affect existing Exclusive Prospecting Licences ("EPLs"), Mining Licences ("MLs"), and Mineral Deposit Retention Licences ("MDRLs").

Weatherly's current operations and its existing licenses will therefore be unaffected by any new policy.

For further information, please contact:

Rod Webster, Chief Executive Officer, Weatherly International Plc

+44 (0) 20 7917 2989

Samantha Harrison / Jen Boorer, Ambrian Partners Limited

+44 (0) 20 7634 4700

Carina Corbett, 4C Communications (Investor Relations)

+44 (0) 20 3170 7973