9 December 2025

Steppe Cement Limited

("Steppe Cement" or the "Company")

Capital Repayment Record Date

Further to the announcement released by the Company on 5 December 2025, Steppe Cement has resolved on the details of the Capital Repayment as follows:

Ex-Date: 12 December 2025

Record Date: 15 December 2025

Payment Date: 23 December 2025

Capital Repayment of, in aggregate, USD4,350,000 in cash, will be paid in GBP and is expected to represent approximately 1.5 pence per ordinary share of no par value each. 

Further information on the Capital Repayment is set out in the Circular announced and published on 14 November 2025. 

Terms used in this announcement, but which are otherwise undefined shall have the same meanings as set out in the Circular.

For further information, please contact: 

Steppe Cement Limited                                                                                                    www.steppecement.com

Javier del Ser Pérez, Chief Executive Officer                                                                       Tel: +(603) 2166 0361

Strand Hanson Limited (Nominated & Financial Adviser and Broker)                    www.strandhanson.co.uk

James Spinney / Ritchie Balmer                                                                                           Tel: +44 20 7409 3494