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13 December 2023,

Golden Rock Global PLC

Extension of Debt Facility

Golden Rock Global PLC (LSE:GCG) ("GRG") announces the extension of the terms of existing convertible loan notes ("Loan Notes").

On 5 December 2022, GRG issued Loan Notes to Wei Chen, a director, for aggregate gross proceeds of £100,000. The Loan Notes were unsecured, pay a coupon of 12%, and had a conversion price of 3.125p per share and a maturity date of 1 December 2023 ("Maturity Date"). During the period interest has accrued and not been paid.

At the time the Loan Notes were issued GCG was negotiating a transaction with a third party which would constitute a reverse takeover ("RTO") (as defined in rule 5.6.4 of the Listing Rules of the Financial Conduct Authority ("FCA"). Conversion of the Loan Notes were conditional on re-admission of the Company's entire issued share capital to the standard listing segment of the Official List by the Financial Conduct Authority and to trading of the Main Market of the London Stock Exchange plc.  These negotiations subsequently ceased, the suspension to trading was lifted and GCG raised further funds as announced on 20 July 2023. As announced on 17 August 2023, GCG is currently in negotiations to acquire 2mee Limited, which would also constitute an RTO. This transaction is progressing in accordance with management's expectations.

The Board is carefully managing the Company's cash position but is unable to repay the Loan Notes. Wei Chen has agreed with the Company to extend the maturity date of the Loan notes to 30 June 2024 with all other conditions remaining the same. No fee has been paid as a consequence of the extension.

Further Information:

Ross Andrews

Chairman, Golden Rock Global

Email: [email protected]