Retail Offer

• The Issue Price for the Retail Offer Shares is 3.7p per Retail Offer Share, representing a discount of 2.63 per cent to the closing mid-price of the Company's existing Ordinary Shares on 5 November 2025;
• Applications for Retail Offer Shares through these partners can be made from tax efficient savings vehicles such as ISAs or SIPPs, as well as General Investment Accounts ("GIAs");
• The Retail Offer is available to both existing shareholders and new investors;
• There is a minimum subscription of £250 per investor in the Retail Offer;
• No commission will be charged by RetailBook on applications to the Retail Offer;
• Brokers wishing to offer their customers access to the Retail Offer and future RetailBook transactions, should contact partners@retailbook.com; and

The Retail 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 via RetailBook (the "Retail Offer") at an issue price of 3.7p per new Ordinary Share (the "Issue Price"), being a discount of 2.63 per cent to the closing mid-price of the Company's existing Ordinary Shares on 5 November 2025. The Company is also conducting a placing of new Ordinary Shares to existing and new institutional investors by way of an accelerated bookbuilding process (the "Placing") as announced by the Company earlier today. For the avoidance of doubt, the Retail Offer is not part of the Placing.

The Company is also conducting a direct subscription with three of its 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 Retail Offer, the "Fundraise").

The Retail Offer is conditional on the Retail Offer 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 or around 13 November 2025. The Retail Offer will not be completed without the Placing also being completed.

This Fundraise is being undertaken to: (i) acquire the Aldeia Mining Lease (the "Aldeia Lease"), which comprises three areas ("Blocks" A, B and C) which are located adjacent to the 100% owned C-100 Mining Lease at the Company's Barroso Lithium Project, and (ii) to advance other important workstreams which will maintain the Project's development schedule beyond the Definitive Feasibility Study ('DFS'), which the Company expects to complete during H1 2026.

Reason for the Retail Offer

The Retail Offer is open to eligible investors resident and physically located in the United Kingdom following release of this announcement. The Retail Offer is expected to close at 12:00 p.m. on 11 November 2025 and may close earlier at the discretion of the Company or if it is oversubscribed.

Investors can participate through RetailBook's partner network of investment platforms, retail brokers and wealth managers, subject to such partners' participation. A list of our participating partners is available here.

Eligibility for the Retail 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 Retail Offer.

It is a term of the Retail Offer that the aggregate value of the shares available for subscription at the Issue Price does not exceed £6.6 million.