Shareholder approval of Final Exchange Offer and Mandatory Buyback of blocked shares

SHAREHOLDERS ARE URGED TO READ THE SHAREHOLDER CIRCULAR PUBLISHED ON 14 JULY 2025 (THE “CIRCULAR”) AS A WHOLE AND IN ITS ENTIRETY. UNLESS OTHERWISE DEFINED HEREIN, CAPITALISED TERMS WITHIN THIS ANNOUNCEMENT HAVE THE SAME MEANING AS DEFINED IN THE CIRCULAR.

Further to the disclosure made on 14 July 2025, Solidcore Resources plc (“Solidcore” or the “Company”) announces that at the General Meeting of the Company (“GM”) held yesterday, all Resolutions were duly passed with the results as stated further in the announcement. With this, the Company is now launching the Final Exchange Offer, to be followed, subject to the approval of the Board of Directors (the “Board”), by a procedure which will allow the Company to implement the Mandatory Buyback of all shares which continue to be held in Euroclear.

• Eligible Shareholders holding their shares through the National Settlement Depository (NSD) or indirectly under Euroclear through other Russian depositories are encouraged to exchange their shares for AIX-issued shares on a one-for-one basis. Eligible Shareholders should complete transfers of their shares to the Company Securities Account by 31 October 2025 inclusively, while taking into consideration any reduced deadlines imposed by the Nominated Brokers. Contact details of the Nominated Brokers are available on the Company’s website, within the FAQ document (in Russian only) at the link: https://www.solidcore-resources.com/ru/corporate-action/.
• Other persons holding their shares in Euroclear through non-sanctioned broker(s) or depositories outside of Russia (referred to in the Circular as, “Out-of-Russia Non-Sanctioned Shares”), and who have not yet transferred them to AIX are urged to do so via an AIX trading member or AIX Registrar no later than 31 October 2025 inclusively.

With respect to those shares which are not successfully tendered into the Final Exchange Offer, and which continue to be held through Euroclear (referred to in the Circular as, “Targeted Shares”), the Company will be empowered to mandatorily buyback such shares at US$ 2.57 per share (the “Mandatory Buyback”) as further described in the Circular.

The Company does not intend to implement the Mandatory Buyback prior to completion of the Final Exchange Offer. Implementation of the Mandatory Buyback is in the Board’s absolute discretion.

Further details of the Final Exchange Offer and the Mandatory Buyback can be found in the Circular and press release published on 14 July 2025. The documents are available at the link: https://www.solidcore-resources.com/en/corporate-action/.

Timetable^[1]

^[1] The above times and/or dates may be subject to change by the Company and, in the event of any such change, the revised times and/or dates will be notified to Shareholders by an announcement through the Company’s website or as otherwise may be required under the AIFC Laws and the AIX Business Rules.
Each Nominated Broker may, at its discretion and in accordance with its internal procedures, determine an earlier date for the tendering of Eligible Shares under the Exchange Offer, as well as other dates for specific steps within this timeframe. You are advised to check directly with your Nominated Broker.

GM voting results

* Resolutions numbered 1 to 3 (inclusive) are special resolutions and resolutions numbered 4 and 5 are ordinary resolutions.
** The Company holds 87,054,919 Ordinary Shares in treasury, which do not enjoy any voting or economic rights. Therefore, the total number of voting rights in the Company is 473,690,320.
*** A “vote withheld” is not a ‘vote’ and is not counted in the calculation of the votes ‘For’ and ‘Against’ the resolution.