Closure of Retail Offer

Kazera Global plc (AIM: KZG) the investment company focused on heavy mineral sands ("HMS") and diamond production in South Africa, is pleased to announce that the Retail Offer as announced on 26 November 2025 (the "Announcement"), has now closed. The Retail Offer raised in aggregate £262,407 through the issuance of 17,493,818 Retail Offer Shares at a price of 1.5p per New Ordinary Share (the "Issue Price"), conditional only on Admission. The total amount raised from the Retail Offer and Subscription (as announced on 10 November 2025) is £1.6m.

Dennis Edmonds, Chief Executive Officer of Kazera, commented: "We are pleased to have completed the Retail Offer and would like to thank all retail shareholders who chose to participate. Retail investors have been an important part of the Company's journey since our IPO in 2006 and providing them with the opportunity to take part in this fundraise was something we were determined to deliver."

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for admission of the Retail Offer Shares, a total of 17,493,818 new Ordinary Shares, to trading on AIM. It is expected that Admission will become effective and dealings in the Retail Offer Shares will commence on AIM at 8.00 a.m. on or around 10 December 2025 ("Admission").

The Retail Offer Shares will be issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares.

Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 1,098,445,954 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's share capital pursuant to the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Warrants

As set out in the Announcement, each Retail Offer Share issued, subject to shareholder approval, carries a three-for-two warrant granting the holder the opportunity to subscribe for three new Ordinary Shares for every two Retail Offer Shares held, exercisable at 2.5 pence per new Ordinary Share for a period of 12 months from Admission ("Retail Offer Warrants"). The issue of the Retail Offer Warrants is subject to (i) the directors being granted new authorities to issue and allot equity securities at the upcoming Annual General Meeting of the Company and (ii) the successful admission of the Retail Offer Warrants to settlement in uncertificated form through CREST. As also set out in the Announcement, to achieve these new authorities the Company intends to call its Annual General Meeting ("AGM") on or around the 28 January 2026. It is also anticipated that the Retail Offer Warrants will be eligible for CREST settlement by this date. A circular convening the AGM will be dispatched shortly and a further announcement will be made at that time. In the event that the relevant authorities are not granted at the upcoming AGM or that eligibility for CREST settlement is not achieved by that date then the Retail Offer Warrants will not be issued.

Capitalised terms used but not otherwise defined in this announcement shall have the meanings ascribed to such terms in the Announcement unless the context requires otherwise.

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