Governance and Compliance Update

Blencowe Resources plc (LSE:BRES) announces, further to the Company's announcement of 14 September 2026, a governance and compliance update.

The Board first and foremost wishes to reaffirm its commitment to robust corporate governance, regulatory compliance and transparent communication with shareholders. Blencowe has maintained an established share dealing policy and Market Abuse Regulation procedures governing dealings in the Company's securities that is overseen by the Board and administered by its company secretary. These procedures apply to the directors, senior management and persons closely associated with them and arrangements include dealing-clearance requirements, closed-period restrictions and PDMR notification obligations within the statutory timeframes.

The Company holds signed acknowledgements of these obligations and responsibilities from relevant directors and senior management to avoid any confusion on procedures around the share dealing policy. In addition, the Company is supported by its professional advisers and brokers in meeting its regulatory responsibilities and providing advice where required.

The Board received notification from Mr Ralston, the Company's former CEO, of historical PDMR notification matters on Saturday 12 September 2026. Upon receipt of this information, the Board took immediate steps with its advisers to ensure the relevant notifications and disclosures were made without delay on 14 September 2026. The Board has also undertaken a review of its governance and compliance processes to ensure that the existing framework is applied consistently and supported by appropriate records, oversight and escalation procedures.

As part of this review, the Board has reiterated its controls and procedures around PDMR dealing notifications and shareholding reconciliations, providing additional assurance that relevant dealings are identified, recorded, cleared and notified in accordance with the Company's procedures and applicable regulations.

Following a detailed review of information concerning Mr Ralston as set out in the Company's announcement on 14 September with its legal advisers, the Company has decided not to engage Mr Ralston as a consultant and notifies that all performance shares and share options held by Mr Ralston have lapsed.

The Board remains focused on the continued advancement of the Orom-Cross Graphite Project with Iain Wearing continuing to lead the Project and will provide further project and operational updates in due course.