Extension of PUSU deadline

On 6 March 2025, the Board of Kenmare Resources plc ("Kenmare" or the "Company") (the "Board") announced that it had received a non-binding proposal from Oryx Global Partners Limited and Michael Carvill (together, the "Consortium") regarding a possible all-cash offer for the entire issued and to be issued share capital of Kenmare (the "Possible Cash Offer").

Following an extension announcement by Kenmare on 17 April 2025, the Consortium was required, by no later than 5:00 p.m. on 15 May 2025, to either announce a firm intention to make an offer for Kenmare in accordance with Rule 2.7 of the Irish Takeover Rules or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Irish Takeover Rules applies.

In order to facilitate ongoing discussions with the Consortium and to provide additional time for the Consortium to progress its due diligence, the Board has requested, and the Takeover Panel has consented to, an extension to the date by which the Consortium is required to either announce a firm intention to make an offer for the Company or announce that it does not intend to make an offer.

Consequently, in accordance with Rule 2.6(c) of the Irish Takeover Rules, the Consortium is now required by no later than 5.00 pm on 20 June 2025, to either announce a firm intention to make an offer for Kenmare in accordance with Rule 2.7 of the Irish Takeover Rules or announce that it does not intend to make an offer for Kenmare, in which case the announcement would be treated as a statement to which Rule 2.8 of the Irish Takeover Rules applies. The revised deadline may only be extended further at the request of the Board and with the consent of the Takeover Panel.

There can be no certainty that any firm offer will be made, or as to the terms of any such offer, should one be made. A further announcement will be made as and when appropriate.

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