CAML on-market purchase and offer price increase

Upon the publication of this announcement, via a regulatory information service, such inside information is now considered to be in the public domain.

Central Asia Metals PLC

(the 'Group', the 'Company' or 'CAML')

CAML on-market purchase and offer price increase

Central Asia Metals Plc (AIM: CAML) refers to the proposed acquisition of 100% of the issued share capital of New World Resources Limited (ASX: NWC) ('NWR'), by way of an Australian Scheme of Arrangement announced on 21 May 2025 (and as revised on 20 June 2025) (the 'Scheme') and an off-market takeover bid under Chapter 6 of the Corporations Act 2001 (Cth) that will be run in parallel with, but not in substitution to, the Scheme (the 'Takeover Offer'), as announced on 20 June 2025.

Following market close today, CAML notified NWR that it had bought on market today a total of 178,800,056 NWR shares, representing approximately 5% of the issued capital of NWR, at A$0.055 per NWR share. CAML has also advised NWR that it proposes an increase to the cash consideration under both the Scheme and Takeover Offer from A$0.053 to A$0.055 per NWR share.

A separate Deed of Variation to the Scheme Implementation Deed between CAML and NWR is intended to be executed to formalise the price increase, and CAML will make a further release at that time.

Advisers and counsel

BMO Capital Markets is acting as lead financial adviser, Mayer Brown is acting as UK and US legal adviser, and Clayton Utz is acting as Australian legal adviser to CAML.