WRAP Retail Offer for up to £450,000

Cadence Minerals plc (AIM: KDNC) announces a retail offer via the Winterflood Retail Access Platform (“WRAP”) to raise up to £450,000 (the “Retail Offer”) through the issue of new ordinary shares of £0.01 each in the capital of the Company (“Ordinary Shares”). Under the Retail Offer up to 10,000,000 new Ordinary Shares (the “Retail Offer Shares”) will be made available at a price of £0.045 per share (the “Issue Price”).

In addition to the WRAP Retail Offer and as announced 18 September 2026 at 7:00 am, the Company has completed a Placing and Subscription of new Ordinary Shares (the “Fundraise”) to raise £1.80 million (before expenses), and assuming the Retail Offer Shares are fully subscribed together the Company will have raised £2.25 million (before expenses) at a price of £0.045 per ordinary share (the “Placing Price”). The Placing Price represents a discount of approximately 10 per cent. to the mid-market closing price of an Ordinary Share on 17 September 2026 (being the latest practicable date prior to this announcement). The Issue Price of the Retail Offer Shares is equal to the Placing Price.

A separate announcement has been made regarding the Fundraise and its terms and sets out the reasons for the Fundraise and use of proceeds. The proceeds of the Retail Offer will be utilised in the same way as the proceeds of the Fundraise.

For the avoidance of doubt, the Retail Offer is not part of the Fundraise. The Fundraise is not conditional on the completion of the WRAP Retail Offer.

The Retail Offer is conditional on the New Ordinary Shares being admitted to trading on AIM (“Admission”). It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence at 08.00 a.m. on 1 October 2026.

Expected Timetable in relation to the Retail Offer

WRAP Retail Offer

Therefore, the Company is making the Retail Offer available to eligible investors in the United Kingdom following release of this announcement through certain financial intermediaries, being existing shareholders of Cadence Minerals.

Existing shareholders can contact their broker or wealth manager to participate in the Retail Offer.

The Retail Offer is expected to close at 5:00 p.m. on Wednesday 23 September 2026. Eligible retail investors should note that financial intermediaries may have earlier closing times. The result of the Retail Offer is expected to be announced by the Company on or around Thursday 24 September 2026.

There is a minimum subscription of £100 per investor under the Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.

No offering document, prospectus or admission document has been or will be prepared or submitted to be approved by the Financial Conduct Authority (or any other authority) in relation to the WRAP Retail Offer, and investors' commitments will be made solely on the basis of the information contained in this announcement and information that has been published by or on behalf of the Company prior to the date of this announcement by notification to a Regulatory Information Service in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, the UK Market Abuse Regulation (EU Regulation No. 596/2014) as it forms part of United Kingdom law by virtue of the European Union (Withdrawal) Act 2018 (as amended)) ("UK MAR").

Dealing Codes

UK Product Governance Requirements