Exercise of Adviser 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 12,400,000 new ordinary shares of 0.1 pence each ("Ordinary Shares") (the "Adviser Warrant Shares") to Woburn Asset Management Ltd, following the exercise of Adviser Warrants, issued on 26 March 2024, at an exercise price of 0.6 pence per share, for aggregate gross proceeds of £74,400.

Application will be made for the Adviser Warrant Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective, and dealings in the Adviser Warrant Shares to commence, on or about 19 June 2026.

Following the issue of the Adviser Warrant Shares, the Company's total issued share capital will consist of 13,772,018,660 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 13,772,018,660.

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.