Trading Update and Loan Facility

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

14 July 2025

Kropz Plc

("Kropz" or the "Company")

Trading Update, Loan Facility and

Related Party Transaction

Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, announces a trading update for the period to 30 June 2025 and that Kropz Elandsfontein (Pty) Ltd ("Elandsfontein") and ARC Fund ("ARC") (together the "Parties") have agreed to a ZAR 200 million (approximately US$ 11.4 million) (the "Loan"), which constitutes a related party transaction.

Trading Update

Elandsfontein produced 74,717 tonnes of phosphate concentrate during Q2 2025 and had sales of 56,300 tonnes of phosphate concentrate over the same period.

The mine remains in its trial production phase and the Company continues to encounter some challenges during its progression to full production. As noted in the Company's announcement on 21 May 2025, the Company is undergoing a number of projects to address these challenges, which has resulted in ongoing capital expenditure requirements at Elandsfontein. This has resulted in a further funding requirement of ZAR 200 million (approximately US$ 11.4 million).

The Loan

Elandsfontein and ARC have agreed terms for a loan facility of ZAR 200 million (approximately US$ 11.4 million). Interest is payable on the Loan at the South African prime overdraft interest rate plus 6%, nominal per annum and compounded monthly. The Loan is repayable on the earlier of a date as agreed between the Parties or on demand from ARC, on no less than 15 business days' notice. There is no fixed term.

As announced on 21 May 2025 and 28 May 2025, Kropz SA (Pty) Ltd has issued a Guarantee, Security Cession and Pledge in favour of ARC, and Kropz Plc has issued a Limited Indemnity, Security Cession and Pledge in favour of ARC for all current and future loan facilities made to Elandsfontein, which are applicable to the Loan.

The Loan will be used by Elandsfontein to fund its cashflow and operational expenditure needs.

The Company will update the market on drawdown of the loan in due course.

Related Party Transaction

The Loan is a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. Gerrit Duminy, a director of the Company, is the representative of ARC. Accordingly, Gerrit Duminy has not been involved in the approval of the Loan by the Company's board. The directors of the Company, who are considered independent for the purposes of the Loan, having consulted with the Company's nominated adviser, consider the terms of the Loan to be fair and reasonable insofar as the Company's shareholders are concerned.

For further information visit www.kropz.com or contact:

About Kropz Plc

Kropz is an emerging African phosphate producer and developer with projects in South Africa and in the Republic of Congo. The vision of the Group is to become a leading independent phosphate rock producer and to develop into an integrated, mine-to-market plant nutrient company focusing on sub-Saharan Africa.

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