Marula Mining PLC

("Marula'' or the "Company")

2 January 2026  

  Exercise of Warrants and Warrant Extension

Marula Mining (AQSE: MARU) an African focused mining and development company, announces the exercise of 625,000 warrants raising gross proceeds of £25,000 for the Company, and the extension to the expiration term of certain warrants that were due to expire on 31 December 2025.

Exercise of Warrants

The Company has received notification for the exercise of warrants over 625,000 ordinary shares in the Company at an exercise price of 4 pence per share providing the Company with proceeds of £25,000 ("Warrant Exercise").

Warrant extension

The Company has extended the expiry date of 7,100,000 warrants issued to subscribe for new ordinary shares of 0.01 pence in Marula at an exercise price of 4 pence per share. The expiry date has been extended from 31 December 2025 until 31 December 2026 ("Warrant Extension") as a result of the current suspension of the ordinary shares of the Company.

Admission

Application has been made for 625,000 new ordinary shares to be admitted to trading on the Aquis Stock Exchange Growth Market ("Admission") on or around 12 January 2026 as a result of the Warrant Exercise.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 340,478,204 ordinary shares of 0.01p each, with each share carrying the right to one vote.

Therefore, the total number of voting rights in the Company will be 340,478,204. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The Directors of Marula are responsible for the contents of this announcement. This announcement contains inside information for the purposes of UK Market Abuse Regulation.

About Marula Mining

Marula Mining (AQSE: MARU A2X: MAR) is an African focused battery metals investment and exploration company and has interests in several high value mining operations and mine development projects in East and Southern Africa.

Marula's strategy is to identify and invest in advanced and high-value mining projects throughout East, Central and Southern Africa that the Directors believe would deliver returns for its shareholders.

The Board and management team aims to establish Marula as a socially and environmentally responsible, sustainable, and profitable producer of critical metals and commodities that are of increasingly strategic importance to modern technologies and the global economy.

Marula's shares are traded on AQUIS Stock Exchange (AQSE) in London and A2X Markets in South Africa. Marula is exploring opportunities to admit its shares to trading on Kenya's Nairobi Securities Exchange and South Africa's Johannesburg Stock Exchange.

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Caution:

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.