Amendment to Investment Agreement with RiverFort

Marula Mining PLC

("Marula" or the "Company")

10 September 2026

Amendment to Secured Investment Agreement with RiverFort

Marula Mining PLC (AQSE: MARU A2X: MAR), an Africa-focused mining and development company, announces that it has agreed a further amendment to its secured investment agreement (the "Bridge Agreement") with RiverFort Global Opportunities PCC Ltd ("RiverFort") as announced on 6 November 2025.

The amendment extends the maturity date of the first advance by three months to 5 October 2026. Following further discussions, the Company can confirm no default or default interest arises as a result of this extension.

The Company confirms that a repayment of US$100,000 has been completed. Following this repayment, and additional agreed fees and costs, the principal outstanding fee amounts to approximately US$740,000.

The amendment also provides for RiverFort to receive additional warrants, calculated by reference to 15% of the restated principal amount, on the same terms as the existing warrant instrument.

Riverfort continue to hold a fixed and floating charge over all the current and future assets of the Company until such time as the loan under the Bridge Agreement is repaid.

The Company continues to carefully manage its constrained working capital position.

The existing guarantors have confirmed that their obligations remain in force and apply to the agreement as amended.

The Directors accept responsibility for the contents of this announcement.

ENDS

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About Marula Mining

Marula Mining (AQSE: MARU A2X: MAR) is an African focused battery metals investment and exploration company and has interests in several high value critical mineral mining operations and mine development and exploration projects in East and Southern Africa. As we advance operations at these battery metals focused projects, Marula will continue to build and expand its interests in other high-quality projects in Africa.

Marula's strategy is to identify and invest in advanced and high-value mining projects throughout East, and Southern Africa that the Directors believe would deliver returns for its shareholders. The Board and management team aims to establish Marula as a socially and environmentally responsible, sustainable, and profitable producer of critical metals and commodities that are of increasingly strategic importance to modern technologies and the global economy. Marula's shares are traded on AQUIS Stock Exchange (AQSE) in London and A2X Markets in South Africa.

Caution:

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.