Allotment of Shares & Total Voting Rights

Kazera Global plc (AIM: KZG), the AIM-quoted investment company, announces that, further to its announcements on 7 August 2024 and 25 September 2024 ("Acquisition of further stake in DBM & WHM" and "Result of General Meeting" respectively), the Company has approved (subject to Admission) the allotment of 27,110,947 Ordinary shares of £0.001 (the "Consideration Shares") to Tectonic Gold PLC ("Tectonic") being the remaining consideration of US$350,000 required to complete the acquisition from Tectonic of 10% of the total issued share capital of Deep Blue Minerals (Pty) Ltd and Whale Head Minerals (Pty) Ltd, together with Tectonic's rights under the BEE partners' loan agreements.

Following the issue of the Consideration Shares to Tectonic, the consideration due to Tectonic pursuant to the transaction has now been settled in full. The Consideration Shares are subject to a lock-in period of six months from the date of issue, followed by an additional 12-month orderly market arrangement.

Admission and Total Voting Rights

Application will be made for the 27,110,947 new Ordinary shares, which will rank pari passu in all respects with the existing Ordinary shares of the Company, to be admitted to trading on the AIM market operated by the London Stock Exchange plc, which is expected to take place at or around 8:00am on 10 October 2024 ("Admission").

Following the issue of the Consideration Shares, the Company's issued ordinary share capital will comprise 963,710,470 ordinary shares of £0.001 each, with one voting right each. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares and voting rights in the Company is 963,710,470.