Amendment to terms of Convertible Loan Notes

18 February 2026

Everest Global plc

("Everest" or the "Company")

Amendment to terms of Convertible Loan Notes

Everest Global plc announces that it has extended the maturity of £552,163 of convertible loan notes ("CLN") originally issued in 2018 and 2021. The maturity date has been extended to 31 March 2028.  No other terms have been amended.

The CLNs are held by Golden Nice International Group Limited ("Golden Nice"). Golden Nice is wholly owned and controlled by Mr Ziwei Peng. Golden Nice, which holds a 24.55% interest in the issued share capital of the Company.  Given Mr Peng's holding in the Company, the amendment of the terms of the CLN constitutes a related party transaction for the purposes of Rule 7.3 of the Disclosure Guidance and Transparency Rules.

Without the extension, the CLN would either need to be repaid or converted.  As the Company is not ready to repay the CLN and conversion would result in Mr Peng holding 30% or more of the voting rights in Everest (which he is unable to do under the terms of the CLN without independent shareholders have given their approval and the Takeover Panel having waived the obligation to make an offer for the entire issued share capital of Everest).

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018).

The directors of the Company accept responsibility for the content of this announcement.

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