RetailBook Offer

• The Issue Price for the new Ordinary Shares is 3.5 pence per new Ordinary Share, representing a discount of 5.4 per cent to the closing mid-price of the Company's existing Ordinary Shares on 25 June 2025;
• The RetailBook Offer is available to both existing shareholders and new investors;
• There is a minimum subscription of £250 per investor in the RetailBook Offer;
• No commission will be charged by RetailBook on applications to the RetailBook Offer;

The RetailBook Offer

Savannah Resources plc (AIM:SAV), the AIM-listed European lithium development company is pleased to announce a conditional retail offer of new ordinary shares in the capital of the Company ("Ordinary Shares") via RetailBook (the "RetailBook Offer") at an issue price of 3.5 pence per new Ordinary Share (the "Issue Price"), being a discount of 5.4 per cent to the closing mid-price of the Company's existing Ordinary Shares on 25 June 2025. The Company is also conducting a placing of new Ordinary Shares to institutional investors by way of an accelerated bookbuilding process (the "Placing") as announced by the Company earlier today. For the avoidance of doubt, the RetailBook Offer is not part of the Placing.

The Company is also conducting a direct subscription with its four largest shareholders (including AMG Lithium B.V. (a wholly owned subsidiary of Euronext Amsterdam-listed AMG Critical Materials N.V), members of the Savannah Board and management team, and new and existing institutional and other investors (the "Subscription", together with the Placing and RetailBook Offer, the "Fundraise").

The RetailBook Offer is conditional on the new Ordinary Shares to be issued pursuant to the Fundraise being admitted to trading on AIM ("Admission"). Admission is expected to take place at 8:00 a.m. on 4 July 2025.

The RetailBook Offer will not be completed without the Placing also being completed.

The Company will use the net proceeds of the Fundraise to support Savannah's ongoing development of the Barroso Lithium Project (the "Project"), including the completion of the Definitive Feasibility Study ('DFS'), preparation for post-DFS workstreams which will feed into the Project's Final Investment Decision next year and to provide additional financial headroom to further enable the Project's success and mitigate against any delays versus the planned work schedule.

Reason for the RetailBook Offer

The RetailBook Offer is open to eligible investors resident and physically located in the United Kingdom following release of this announcement. The RetailBook Offer is expected to close at 4:30 p.m. on 1 July 2025 and may close earlier at the discretion of the Company or if it is oversubscribed.

• AJ Bell;
• Hargreaves Lansdown; and
• interactive investor

Eligibility for the RetailBook Offer

Some partners may only accept applications from existing shareholders and/or existing customers.

There is a minimum subscription of £250 per investor. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges. Note, no commission will be charged to investors by RetailBook in connection with the RetailBook Offer.