Conversion of Convertible Loan Notes & TVR

Focus Xplore PLC (AIM: FOX), the strategic energy and critical minerals exploration and development company, announces that it has today allotted 40,000,000 new ordinary shares of £0.001 each in the capital of the Company (the "Conversion Shares") following receipt of a conversion notice from a noteholder under the terms of the Company's convertible loan note programme announced on 9 March 2026.

The Conversion Shares are being issued in respect of £10,000 at a conversion price of 0.025 pence per Conversion Share, in accordance with the terms of the convertible loan note agreement dated 5 March 2026. In addition, pursuant to the terms of that agreement, the noteholder is entitled to receive 40,000,000 warrants, each exercisable at 0.025pence per share for a period of four years from the date of issuance of the Conversion Shares.

Application will be made for the Conversion Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the Conversion Shares will commence at 8.00 a.m. on, or around, 29 June 2026. The Conversion Shares will, on Admission, rank pari passu in all respects with the existing ordinary shares of the Company.

Following Admission, the total issued share capital of the Company will consist of 3,519,420,573 ordinary shares and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Company's issued share capital prior to Admission consists of 3,479,420,573 ordinary shares (there are no treasury shares). There are no restrictions on the transfer of the Company's ordinary shares.