The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

10 November 2025

Kazera Global plc

("Kazera" or the "Company")

Subscription to Raise £1.3 million

Fundraise to Accelerate HMS & Diamond Production and Prepare for 2A

Kazera Global plc (AIM: KZG), the investment company focused on heavy mineral sands ("HMS") and diamond production in South Africa, is pleased to announce that it has secured commitments to subscribe (the "Subscription") for 87,666,666 new ordinary shares of 0.1 pence each (the "Ordinary Shares" and such 87,666,666 Ordinary Shares being the "Subscription Shares") at 1.5 pence per Subscription Share (the "Subscription Price").

The Subscription will raise gross proceeds of £1,315,000 (net proceeds of £1,300,000) and will drive the next growth phase at Kazera's HMS and diamond operations, increasing capacity, enhancing efficiency, and lifting profitability.

The Subscription Price represents a premium of 7.14 per cent. to the closing price per Ordinary Share on 7 November 2025.

HIGHLIGHTS

·    Funds raised will help drive the next growth phase at Kazera's HMS and diamond operations, increasing capacity, enhancing efficiency, and lifting profitability.

·    Significant support from existing and new investors, reflecting confidence in Kazera's assets, management team, and growth trajectory.

·    Fundraise completed at 1.5 pence per share, with each new share carrying a three-for-two warrant over further Ordinary Shares exercisable at 2.5 pence for 12 months.

·   The Company intends to enable existing and other qualifying investors to participate alongside the Subscription. Further details will be announced in due course.

Commenting on the Fundraise, CEO Dennis Edmonds said: "In the past year, Whale Head Minerals and Deep Blue Minerals have advanced from planning and permitting to early stage production, establishing a strong operational platform for continued growth. This fundraise marks the next step in that journey, providing the financial capacity to scale throughput, enhance recoveries, and strengthen our capability across the business, from the mine gate to the boardroom, to deliver sustained profitability and capture the significant opportunities ahead.

"As announced last week, the remaining objection to the 2A Mining Right has now been withdrawn. With this obstacle removed, we believe there are no further impediments to the Mining Right being granted. These funds will help ensure that we are organisationally and operationally ready to progress 2A immediately upon grant, adding a very substantial and globally significant HMS area to our portfolio.

"We also intend to enable existing and other qualifying investors to participate alongside this Subscription. We greatly value the continued support of our investors and remain committed to ensuring that no one is left behind as the Company grows.

"The enthusiastic backing from both new and existing investors represents a powerful endorsement of our strategy, our assets, and our team. I would like to thank all of our shareholders for their continued support, and recognise the significant commitment made in this raise by Tracarta Limited and Richard Jennings. We enter this next phase with growing momentum and strong confidence in the future."

DETAILS

Rationale for the Fundraising

Over the past 12 months, Kazera's South African investments have progressed from development-stage projects to active producers of HMS and diamonds.

At Whale Head Minerals ("WHM"), early stage HMS production commenced in March 2025 with the first deliveries under the Fujax offtake agreement. The installation of additional spirals in July 2025 has since enhanced concentrate quality and improved margins, providing a solid platform for continued operational growth and profitability.

At Deep Blue Minerals ("DBM"), September 2025 marked the first diamond recoveries from the upgraded processing plant, incorporating new pulsating jig and Flowsort technology. Early results have been encouraging, with improving grades and carat recoveries supporting a strong and sustainable production outlook.

In addition, the Company recently announced that the remaining objection to the 2A Mining Right has been formally withdrawn. With this obstacle removed, the Company believes there are no further impediments to the Mining Right being granted. The Fundraise proceeds will help ensure that the Company is operationally and organisationally well positioned to progress 2A immediately upon grant. The 2A Mining Right covers an area of approximately 3,095 hectares, of which around 170 hectares (approximately 34 times the size of the current mining area) has been identified as immediately suitable for the mining of HMS.

Use of Subscription Proceeds

Having transformed its South African investments into active producers, the proceeds of the Subscription will help Kazera to move decisively into its next phase of growth and value creation:

·    Scale HMS throughput: targeted plant upgrades and additional spirals to nearly triple output, increasing purity and lifting realised prices and margins.

·    Enhance diamond recovery: additional recovery equipment to capture larger stones and increase throughput by up to 50%, enhancing sales value.

·    Improve logistics and site efficiency: investment in warehouse facilities, vehicles, road maintenance and security infrastructure to support higher production volumes.

·    Build organisational and strategic capacity: investment in both PLC and operational systems to sustain growth, reinforce revenue generation and position Kazera to capitalise on future opportunities, including the granting of the 2A Mining Right.

Procurement of key plant and equipment is already underway, with full deployment of proceeds to begin immediately following Admission. Initial upgrades at both WHM and DBM are expected to be completed over the coming months, with enhanced production capacity expected to complete in Q1 of 2026.

The Subscription

The Company has raised gross proceeds of £1,315,000 (net proceeds of £1,300,000) through a subscription of 87,666,666 new Ordinary Shares at the Subscription Price. The Subscription Price represents a premium of approximately 7.14 per cent. on the closing price of 1.4 pence per Ordinary Share on 7 November 2025, being the latest practicable business day prior to this announcement.

Each Subscription Share issued carries a three-for-two warrant granting the holder the opportunity to subscribe for three new Ordinary Shares for every two Subscription Shares issued, exercisable at 2.5 pence per new Ordinary Share for a period of 12 months from Admission (as defined below). The Company has the right to accelerate the warrant exercise period should the price per Ordinary Share trade above 2.5 pence for more than 10 consecutive business days. In such circumstances, holders of the warrants may be called upon to subscribe for the new Ordinary Shares attached to the warrant or lose such right.

Any new Ordinary Shares issued pursuant to the exercise of the warrants (the "Warrant Shares") will be issued subject to shareholder approval. While the Subscription Shares fall within the Company's existing authorities to allot new Ordinary Shares, full exercise of the Warrants on a three-for-two basis would exceed the current headroom. The Company therefore intends to seek the necessary authorities at its next Annual General Meeting, following which the Warrant Shares, if approved, will be capable of being issued during the warrant exercise period.

The Subscription Shares are to be issued from the authorities granted to directors to issue and allot new Ordinary Shares at the Company's last annual general meeting on 14 January 2025. Accordingly, the Subscription is not subject to further shareholder approval.

The Subscription Shares will, when issued, be credited as fully paid and will rank pari passu with the existing Ordinary Shares, including the right to receive all future dividends and distributions declared, made or paid by reference to a record date falling after their issue.

Completion of the Subscription is conditional upon Admission as set out below.

In addition, the Company intends to enable existing and other qualifying investors with the opportunity to subscribe for new Ordinary Shares. Any new Ordinary Shares issued pursuant to this initiative will also be issued from the authorities granted to directors to issue and allot new Ordinary Shares at the Company's last annual general meeting. A further announcement will be made in due course.

Related Parties Transactions

Tracarta Limited, of which John Wardle, the Non-Executive Chairman of the Company is the ultimate beneficial owner, has subscribed for 35,666,666 Subscription Shares at the Subscription Price. In addition, Catalyse Capital Ltd and related parties RS & CA Jennings, which together are significant shareholders in the Company, have subscribed for 20,000,000 Subscription Shares at the Subscription Price.

As Tracarta Limited and Catalyse Capital Ltd and related parties RS & CA Jennings are considered related parties under AIM Rule 13 of the AIM Rules for Companies, their participation in the Subscription constitutes a related party transaction for the purposes of AIM Rule 13.

Accordingly, the independent directors of the Company, being Dennis Edmonds and Geoff Eyre, having consulted with Strand Hanson Limited, the Company's Nominated Adviser, consider the terms of the related party participation in the Subscription to be fair and reasonable insofar as the Company's shareholders are concerned.

Admission

Application will be made shortly to the London Stock Exchange plc for the 87,666,666 Subscription Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the Subscription Shares on AIM will commence at 8:00 a.m. on or around 17 November 2025.

Total voting rights

On Admission, the Company's issued ordinary share capital will consist of 1,080,952,136 Ordinary Shares, with one vote per share. The Company does not hold any Ordinary Shares in treasury. Therefore, on Admission, the total number of Ordinary Shares and voting rights in the Company will be 1,080,952,136. With effect from Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

ENDS

For further information, visit www.kazeraglobal.com or contact:

Notes

Kazera Global plc (LON:KZG) is a diversified commodity investment company focused on unlocking value through production growth and disciplined portfolio management. While production builds at its Whale Head Minerals (Heavy Mineral Sands) and Deep Blue Minerals (diamond) assets in South Africa's Northern Cape province, the Company also continues to assess new opportunities to expand its growth pipeline and deliver sustainable returns.