Exercise of Broker Warrants and Issue of Equity

KEFI Gold and Copper plc (AIM: KEFI), the gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia, announces that it has today issued 9,818,182 new ordinary shares of 0.1 pence each ("Ordinary Shares") (the "Broker Warrant Shares") to Mr Jonathan Evans, following the exercise of broker warrants at an exercise price of 0.55 pence per share, pursuant to the Deed of Warrants issued in May 2025, for aggregate gross proceeds of £54,000.

Application will be made for the Broker Warrant Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective, and dealings in the Broker Warrant Shares to commence, on or about 23 February 2026.

Following the issue of the Broker Warrant Shares, the Company's total issued share capital will consist of 10,750,979,447 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 10,750,979,447.

The above figure may be used by shareholders as the denominator for the calculations by which they 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.