Change of Auditor

Beowulf (AIM: BEM; Spotlight: BEO), the European mineral exploration and development company, announces that following the conclusion of a formal tender process led by the Company's Audit Committee, the Board has approved the appointment of PKF Littlejohn LLP ("PKF") as the Company's auditor, succeeding BDO LLP ("BDO"). PKF will conduct the audit of the Company's financial statements for the financial year ending 31 December 2024 and a proposal to reappoint them as auditor of the Company will be subject to the approval of shareholders at the 2025 Annual General Meeting.

BDO has resigned and confirmed that its reasons for ceasing to hold office are exempt reasons under Section 519A part 3 of the UK Companies Act 2006 and that it has no matters that should be brought to the attention of the members or creditors of the Company.