WRAP Retail Offer

Bradda Head Lithium Ltd (AIM: BHLL), the North America-focused lithium development group, is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £200,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of no par value each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 8,888,888 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 2.25 pence per share.

As part of the WRAP Retail Offer, the Company has agreed that 1 warrant for every 2 WRAP Retail Offer Shares will be granted (for no additional subscription cost), with each warrant entitling the holder to acquire one new Ordinary Share at a price of 5 pence for a period of 2 years from the date on which they are issued (the "Warrants"). The issue of the Warrants is subject the successful admission of the Warrants to settlement in uncertificated form through CREST. It is also anticipated that the Warrants will be eligible for CREST settlement approximately a month after Admission (defined below). The Warrants will not be admitted to trading on AIM or any other regulated market.

In addition to the WRAP Retail Offer and as announced on 17 July 2026 ("Fundraise Announcement"), the Company has carried out a placing of, and subscription for, new Ordinary Shares (the "Fundraise Shares" and together with the WRAP Retail Offer Shares, the "New Ordinary Shares"). Since the Fundraise Announcement was published, the Company has received additional subscriptions totalling £30,000 for 1,333,333 further Fundraise Shares, and accordingly, the Company has raised an aggregate amount of approximately £2.15 million (before expenses) (the "Fundraise") at a price of 2.25 pence per Fundraise Share (the "Fundraise Price"). The Fundraise Price represents a discount of approximately 2 per cent. to the mid-market closing price of an Ordinary Share on 16 July 2026 (being the latest practicable date prior to the Fundraise Announcement). The issue price of the WRAP Retail Offer Shares is equal to the Fundraise Price.

A separate announcement has been made regarding the Fundraise and its terms and sets out the reasons for the Fundraise and use of proceeds. The proceeds of the WRAP Retail Offer will be utilised in the same way as the proceeds of the Fundraise.

For the avoidance of doubt, the WRAP Retail Offer is not part of the Fundraise. Completion of the WRAP Retail Offer is conditional, inter alia, upon the completion of the Fundraise but completion of the Fundraise is not conditional on the completion of the WRAP Retail Offer.

The WRAP Retail Offer and the Fundraise are conditional on the New Ordinary Shares being admitted to trading on AIM ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM at 08.00 a.m. on 31 July 2026 (and not on 28 July 2026 as previously indicated in the Company's announcement on 17 July 2026).

WRAP Retail Offer

Therefore, the Company is making the WRAP Retail Offer open to eligible investors in the United Kingdom, being new or existing shareholders of Bradda Head Lithium, following release of this announcement and through certain financial intermediaries.

The Retail Offer is expected to close at 4.30 p.m. on 27 July 2026. Eligible retail investors should note that financial intermediaries may have earlier closing times. The result of the Retail Offer is expected to be announced by the Company on or around 28 July 2026.

There is a minimum subscription of £100 per investor under the Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.

It is a term of the WRAP Retail Offer that the total value of the WRAP Retail Offer Shares available for subscription at the Fundraise Price does not exceed £200,000, or such size as agreed by the Company.

UK Product Governance Requirements