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THIS ANNOUNCEMENT CONTAINS INFORMATION THAT QUALIFIES OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU NO. 596/2014), AS IT FORMS PART OF THE UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED

01 February 2024

ACG Acquisition Company Limited ("ACG" or the "Company")

Appointment of Chief Financial Officer and Finance Director

ACG Acquisition Company Limited ("ACG" or "the Company") is pleased to announce the appointment of Patrick Henze as Chief Financial Officer, with an effective start date of 01 February 2024.

Mr Henze has over 13 years of experience in the metals and mining industry and brings a diverse set of experience of financing transactions along the capital structure from various perspectives. During his career he gained expertise in capital markets, mergers and acquisitions, investor relations and project finance / advisory, completing metals and mining financings ranging from $2 million to $250 million and totaling more than $2 ​billion. Prior to joining ACG, Mr Henze founded Targa Capital Ltd., a Swiss natural resources focused investment vehicle, and held senior roles at Chaarat Gold Holdings, Fusion Capital and UniCredit.

The Company also announces today the appointment of Christopher Hulse as Finance Director, with an effective start date of 01 February 2024.

Mr Hulse has over 25 years of international experience in senior finance positions leading teams across global M&A transactions, financing, strategy processes & capital allocation, financial systems, process and reporting projects. Mr Hulse has also previously held senior roles at several energy companies including Murphy Oil Corporation and BG Group.

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The person responsible for the release of this information on behalf of the Company is Artem Volynets, Chief Executive Officer.

For further information please contact:

Palatine                                                          acg@palatine-media.com

Communications Advisor

Conal Walsh / Andreas Grueter / Richard Seed

About the Company

ACG Acquisition Company Limited is a SPAC looking to benefit from favourable price conditions for new economy metals and other mining materials.

The Company aims to optimise its expertise in global mining by combining with a mining company that produces materials characterised by supply constraints and rising long-term demand. The combined entity will capitalise on the need for resource security and geographic supply diversification, as well as the global energy transition.

ACG's team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector. The team brings a significant network, including access to many mining companies as well as a commitment to ESG principles and strong corporate governance.

For more information about ACG, please visit: www.acgcorp.co

Forward-looking statements

Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could", "may" or "might" the negative of such terms or other similar expressions. The Company wishes to caution you that these statements are only predictions and that actual events or results may and often do differ materially. The Company does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Any forward-looking statements reflect the Company's current view with respect to future events and many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Company, including, among others, ACG's ability to obtain adequate information to evaluate any target assets, ACG's ability to successfully or timely complete any future acquisition, ACG's expectations around the performance of any target assets, ACG's potential ability to obtain additional financing to complete any future acquisition and the financial performance of the enlarged group that would result from the potential completion of any future acquisition. Forward-looking statements speak only as of the date they are made.

Important notices

This announcement or any part of it does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase, subscribe for, any securities.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities of the Company have not or will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration.