Market Update on Acquisition Funding and Timeline

on ACQUISITION FUNDING AND TIMELINE

BACKGROUND

On 18 July 2024, ACG announced that it had agreed the acquisition of the Gediktepe Mine in Türkiye from Lidya Madencilik Sanayi ve Ticaret Anonim Şirketi, a subsidiary of Istanbul-based conglomerate Çalık Holding (the "Acquisition").

On 7 August 2024, ACG also announced the publication of a circular (the "Circular") and a notice of extraordinary general meeting of its shareholders ("EGM Notice") convening a meeting of the shareholders of ACG (the "Acquisition EGM") for the purpose of considering and voting on the adoption of certain resolutions, including, but not limited to, the approval of the Acquisition.

On 19 August 2024, ACG announced, among other market updates, that the Acquisition had been approved by holders of the Company's Class A ordinary shares.

UPDATE on Acquisition FUNDING

ACG announces today that the $100m in upfront purchase price for the Acquisition is fully funded based on commitments and further indications from investors as follows:

• $32.5m in total equity commitments from ACG's Co-Sponsors and Traxys;
• $37.5m in gold prepay debt facility underwritten by Traxys and ACG's Co-Sponsors;
• A minimum of $15m in equity proceeds from the Placing; and
• Remainder in equity underwritten by Inti SE (up to $25m).

A supplement to the Prospectus providing more detail on the above changes will be published by ACG in due course.

UPDATE ON Transaction Timeline1

The remaining milestones in respect of the Acquisition are as shown below.

1 All dates are indicative and subject to change. All times are London time.

Further announcements will be made in due course as needed. Unless otherwise defined, capitalised terms used in this announcement have the meaning set forth in the Prospectus.