Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining

2 July 2025

Kodal Minerals plc

("Kodal Minerals", "Kodal" or the "Company")

Exercise of Warrants, change to director shareholding

and change to Total Voting Rights

Kodal Minerals, the mineral exploration and development company, announces that it has received a notice for the exercise of warrants ("Warrants") from executive director Steven Zaninovich to subscribe for a total of 33,333,334 new ordinary shares of 0.03125 pence each in the Company ("New Ordinary Shares") (the "exercise"). Total subscription proceeds for the Company from the exercise is £65,000.

Following the exercise, Steven Zaninovich will own 67,142,847 ordinary shares of 0.03125 pence each in the Company representing 0.33% of the Company's enlarged share capital on Admission (as defined below).

Details of the exercise are set out in the table at the end of this announcement, which has been provided in accordance with the requirements of the UK Market Abuse Regulation.

Admission and total voting rights

Application will be made to the London Stock Exchange plc for the 33,333,334 New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM at 8.00 a.m. on or around 7 July 2025.

Upon Admission, the issued share capital of the Company will consist of 20,280,699,594 ordinary shares of 0.01325p each.  The Company holds no shares in treasury. The total number of voting rights in the Company from Admission will therefore be 20,280,699,594. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the Company under the Disclosure Guidance and Transparency Rules of the UK Financial Conduct Authority.

**ENDS**

For further information, please visit www.kodalminerals.com or contact the following: