Introduction of Employee Benefit Trust Scheme

Helium One Global (AIM: HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA announces that the Company has established an Employee Benefit Trust ("EBT") for use as an incentive plan to ensure it can provide adequate equity incentive packages for its current and future management team.

The Company intends to issue and allot 296,138,418 ordinary shares in the Company to the EBT ("EBT Shares") at nil par value. This represents approximately 5% of the Company's issued share capital at the date of grant. These ordinary shares shall be held in the EBT on trust pending transfer upon the vesting (or exercise, as the case may be) of awards granted, and for such other purposes relating to the ongoing recruitment, retention and incentivisation of employees as may be recommended by the Company from time to time and subject to the approval of the Remuneration Committee and the trustees of the EBT. The beneficiaries of any future distribution of EBT Shares to employees and directors will be notified upon determination.

Application will be made to the London Stock Exchange ("LSE") for admission of the EBT Shares to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the EBT Shares will commence on AIM at 8.00 a.m. on 13 June 2025.

The EBT Shares will rank pari passu in all respects with the Company's existing Ordinary Shares.

Following Admission, the Company's issued share capital will consist of 6,218,906,777 ordinary shares with voting rights. 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's issued share capital pursuant to the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.