Response to Mozambican media reports regarding Implementation Agreement

Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global producers of titanium minerals and zircon, which operates the Moma Titanium Minerals Mine (the "Mine" or "Moma") in northern Mozambique, notes the recent reports in the Mozambican media regarding the finalisation of Moma’s Implementation Agreement (“IA”), following comments from a spokesman of the Government of Mozambique (the “Government”). The Company has not, to date, received any official confirmation or other correspondence on this matter from the Government. The Company is therefore unable to confirm the status or the terms of any renewal until it receives such confirmation or communication.

Kenmare remains committed to achieving a positive near-term conclusion of the IA renewal process and the Company will update the market of any developments as soon as possible.

Background on Implementation Agreement

The IA grants certain rights and concessions to Kenmare Moma Processing (Mauritius) Limited in connection with its processing and export activities. It also contains unambiguous renewal rights in relation to those rights and concessions on the same terms. Mining operations at Moma are conducted under a separate regulatory framework that is not impacted by the IA process.

Kenmare has been engaging with the Government on potential amendments to the applicable terms. Although the original expiry date was 21 December 2024, the Government provided confirmation that Kenmare’s existing rights and benefits remain in full force and effect pending conclusion of the extension process.