Proposed Share Premium Cancellation and EGM Notice

Central Asia Metals PLC (AIM: CAML) announces a proposed cancellation of the Company's share premium account (the 'Share Premium Cancellation'). The Share Premium Cancellation is being undertaken in order to restructure the Company's balance sheet so as to increase the amount of distributable reserves available (subject to the protection of creditors). The Share Premium Cancellation will create further distributable reserves to support the Company's ability to make future payments of dividends to its shareholders and undertake potential further share buybacks (in each case should circumstances mean it is appropriate or desirable to do so), as well as other corporate purposes of the Company.

The Share Premium Cancellation is conditional upon the passing of a special resolution by the Company's shareholders in addition to approval by the court. Accordingly, a circular (the 'Circular') containing details of the proposed Share Premium Cancellation, together with formal notice of an Extraordinary General Meeting to be held at 11:00 (BST) on 30 March 2026 at the Company's offices at Floor 2, 36 Carnaby Street, London W1F 7DR, is now available for download from the Company's website at www.centralasiametals.com

The Circular, together with a Form of Proxy, will today be mailed to those shareholders who have elected to receive paper copies.

Subject to both the passing of the special resolution at the Extraordinary General Meeting and the court approving the Share Premium Cancellation, it is expected that the effective date of the Share Premium Cancellation will be on or around 29 April 2026.

The Share Premium Cancellation will not, of itself, involve any distribution or return of capital to any shareholder and will not reduce the Company's underlying assets. The completion of the Share Premium Cancellation will not affect the rights attaching to the Ordinary Shares and will not result in any change to the number of Ordinary Shares in issue (or their nominal value).