Legal action against subsidiary of CleanTech

CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N), an exploration and development company advancing sustainable lithium projects in Chile, notes a legal claim has been made by the vendors of 23 mining concessions at Laguna Verde acquired by its wholly owned subsidiary, CleanTech Laguna Verde SpA ("CLV"), pursuant to a sale and purchase agreement ("SPA") announced on 22 April 2024.

On 24 November 2025 the directors became aware that a legal action has been brought against CLV in Chile with the purpose of seeking payment of the second instalment under the SPA. The payment was initially delayed (as announced 22 October 2024), but the ongoing delay in making that payment has given rise to the claim.

CLV was not legally served with the claim, and so court proceedings were held without CLV's knowledge or presence, preventing an opportunity to defend against it. In CLV's absence, a judgement from those proceedings was passed which awarded a lien over the issued share capital of CLV.

CLV has submitted a petition before the relevant court seeking the annulment of the proceeding, based on improper service of the lawsuit, aiming to ensure due process of the law. The directors are confident that this petition will be resolved favourably.

The directors are satisfied that non-payment of the second instalment has no bearing on its application for the special lithium operating contract ("CEOL") for Laguna Verde, which is to be applied for through a different CleanTech subsidiary when the process recommences.

Notes