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.

Solidcore Resources plc

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

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]

GM voting results

About Solidcore

Solidcore Resources is a leading Gold producer registered in AIFC, Kazakhstan, and listed on Astana International Exchange. Solidcore operates two producing gold mines and a major growth project (Ertis POX) in Kazakhstan.

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FORWARD-LOOKING STATEMENTS

This release may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements speak only as at the date of this release. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “could” or “should” or similar expressions or, in each case their negative or other variations or by discussion of strategies, plans, objectives, goals, future events or intentions. These forward-looking statements all include matters that are not historical facts. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the company’s control that could cause the actual results, performance or achievements of the company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the company’s present and future business strategies and the environment in which the company will operate in the future. Forward-looking statements are not guarantees of future performance. There are many factors that could cause the company’s actual results, performance or achievements to differ materially from those expressed in such forward-looking statements. The company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.

[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.