Further re Subscription

Shuka Minerals Plc (AIM/AltX: SKA), an African focused mine operator and developer, announces that further to the announcement on 22 July 2026 regarding the £750,000 subscription by Menel Energy and Resources Limited ("Menel"), the Company confirms that the second tranche of £375,000 has been received.

As announced on 22 July 2026, following completion of the subscription, the Company has also issued Menel warrants to subscribe for up to a further 18,750,000 new ordinary shares of £0.01 each at an exercise price of 8 pence per share, exercisable until 8 July 2029.

Admission and total voting rights

Application will be made to the London Stock Exchange for the second tranche of 9,375,000 new ordinary shares ("Subscription Shares") to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Subscription Shares will commence at 8.00 a.m. on or around 9 September 2026. The Subscription Shares will rank pari passu in all respects with the Company's existing ordinary shares.

Following Admission, the Company's total issued share capital will comprise 173,048,474 ordinary shares, each carrying one voting right. The Company does not hold any ordinary shares in treasury.

Accordingly, the figure of 173,048,474 may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Directors of Shuka are responsible for the contents of this announcement.