Executed Second Deed of Variation

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')

Executed Second Deed of Variation with New World Resources Limited

Central Asia Metals Plc (AIM: CAML) confirms that, following its announcement on 20 June 2025, it has executed the Second Deed of Variation with New World Resources Limited (ASX: NWC) ('NWR') to vary the Scheme Implementation Deed dated 21 May 2025 to increase the cash consideration under the Scheme to A$0.055 per NWR share, valuing NWR at approximately A$204 million. The consideration payable under CAML's proposed Takeover Offer is also A$0.055 per NWR share.

CAML notes the announcement made by NWR this morning where it confirmed that it had received an unsolicited, non-binding, conditional and indicative proposal from Kinterra Capital GP Corp. to acquire all of the shares in NWR that it does not already own for A$0.057 per NWR share in cash via an off-market takeover offer (the 'Kinterra Offer'). CAML is currently considering the implications of the Kinterra Offer and will notify the market of any further developments.

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.