Results of the fifth tranche of the Exchange Offer

This announcement is being made in accordance with Rules MDR 7.1 – 7.4 of the AIX Market Disclosure Rules.

Solidcore Resources plc (“Solidcore” or the “Company”) has completed the fifth tranche of the Exchange Offer, which was announced on 23 November 2023 and approved by Shareholders on 8 December 2023.

The Company announces that a total of 9,210,383 Ordinary Shares (1.94% of the outstanding share capital) have been repurchased by the Company under the fifth tranche of the Exchange Offer (the "Fifth Eligible Shares") in consideration for the issuance of the AIX Exchange Shares, on a one-for-one basis. In total, 26,134,411 shares or 5.52% of the outstanding share capital have been repurchased since the beginning of the Exchange Offer.

Following the repurchase of the Fifth Eligible Shares and the issuance of the corresponding Exchange Shares, the total number of voting rights in the Company remains unchanged and is 473,690,320 Ordinary Shares at par value of US$ 0.03, each carrying one vote. The Company holds 67,749,089 Ordinary Shares in treasury, which do not enjoy any voting or economic rights. Solidcore intends to cancel these shares. However, such a cancellation is contingent upon the relaxation of the restrictions on NSD, and until such time that the restrictions are relaxed, Shares held in treasury by the Company will not be available for re-issue.

The above figure of 473,690,320 Ordinary Shares may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, Solidcore under the Rule MDR 3.3 of the AIX Market Disclosure Rules.

Unless otherwise defined herein, defined terms have the same meaning as those attributed to them in the Circular: https://www.solidcore-resources.com/ru/investors-and-media/shareholder-centre/general-meetings/#id-617011

Further details of the Exchange Offer as well as answers to the frequently asked questions are available at the Company's website: https://www.solidcore-resources.com/ru/share-exchange/.