Strategic Shareholder Update

Kazera Global plc (AIM: KZG), the AIM-quoted investment company, has been notified that, further to its announcements on 16 March 2023, 8 December 2023 and 13 December 2023, African Mineral Sands Pte Ltd ("AMS") has now completed its acquisition of 250,000,000 Ordinary shares of the Company previously held by Catalyse Capital Ltd and its related parties, including R S & C A Jennings (together "Catalyse") at a price of 1.5 pence per share.

As a result, AMS is now the Company's largest shareholder and holds 250,000,000 Ordinary Shares in the Company representing 26.69 per cent. of the Company's Ordinary Shares currently in issue.

Dennis Edmonds, CEO of Kazera Global commented: "We are delighted that AMS has now completed its share purchase, which was completed at 1.5 pence per share, a premium of 183% on the Company's closing share price on 12 December 2023.

"It is my pleasure to welcome AMS as Kazera's new largest shareholder. AMS and its partners have extensive experience in mining and infrastructure projects in Southern Africa and we have no doubt that they will add significant value, including via a number of new possible project opportunities AMS has already introduced to Kazera."

Prem Premraj, CEO of African Mineral Sands added: "Whilst it has taken longer than expected to complete the share purchase, we are delighted to now own 26.69% of Kazera.

"Having previously agreed to pay 1.5 pence per share we were happy to conclude the purchase at that price as the opportunity Kazera offers is considerable. We believe that we can use our contacts and connections to build on the current assets and support the management team to create a highly successful company.

"We look forward to working with Dennis and his team and to a very exciting future as Kazera's largest shareholder."