Retail Offer

The Issue Price for the new Ordinary Shares is 5.5 pence per new Ordinary Share, representing a discount of 5.5 per cent to the closing price of the Company’s existing Ordinary Shares on 18 September 2026;

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;

UK Investors that wish to receive alerts for future RetailBook transactions should sign up here: https://www.retailbook.com/investors; and

More information on RetailBook’s partner network and how investors can participate in the Retail Offer can be found here: https://app.retailbook.com/offers/savannah-resources-plc.

The Retail Offer

Savannah (AIM: SAV), the AIM quoted developer of the Barroso Lithium Project in Portugal, a 'Strategic Project' under the European Critical Raw Materials Act and Europe's largest spodumene lithium deposit is pleased to announce a conditional retail offer of new ordinary shares in the capital of the Company (“Ordinary Shares”) via RetailBook (the “Retail Offer”) at an issue price of 5.5 pence per new Ordinary Share (the “Issue Price”), being a discount of 5.5 per cent to the closing price of the Company’s existing Ordinary Shares on 18 September 2026. 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 Retail Offer is not part of the Placing.

The Retail Offer is conditional on the new Ordinary Shares to be issued pursuant to the Retail Offer and the Placing being admitted to trading on AIM (“Admission”). Admission is expected to take place at 8:00 a.m. on 28 September 2026.

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

The Company will use the net proceeds to advance the Barroso Lithium Project towards Final Investment Decision, including securing long lead items, general and administrative costs, completion of project finance, permitting, geotechnical and resource drilling, securing land use rights, community initiatives and additional working capital.

Reason for the Retail Offer

The Company values its retail shareholder base and believes that it is in the best interests of shareholders as well as wider stakeholders, to provide retail and other interested investors with the opportunity to participate in 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 5 p.m. on 24 September 2026 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. More information on RetailBook’s partner network can be found https://app.retailbook.com/offers/savannah-resources-plc.

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 10 percent of the total of the Placing and Subscription.