12 February 2026

Zinnwald Lithium plc

("Zinnwald Lithium" or the "Company")

Issuance of Share Incentive Awards

Zinnwald Lithium plc (AIM: ZNWD), the German focussed lithium development company, announces the grant of a total of 2,918,813 Restricted Share Units ("RSUs") and 3,455,000 Options under the Company's Long-Term Incentive Plans relating to performance in 2025, and a total of 880,932 Performance Share Units ("PSUs") relating to performance from 1 January 2023 to 31 December 2025. 

The RSUs being granted to Executive Management under the terms of the RSU Scheme, approved by shareholders in October 2020, relate to the performance period that ran from 1 January 2025 to 31 December 2025.   The RSUs will vest two years from the date of grant, being 12 February 2028.  The RSUs are being granted to Executive Management on the following basis:

The Options have been granted to employees, consultants and Directors under the terms of the Scheme put in place at the time of the Company's original IPO in 2017. These Options to acquire ordinary shares in the capital of the Company have been granted at a price of 7.10p being the price at close on 11 February 2026.  Such options vest as to 1/3 on the date of grant and an additional 1/3 on each of the first and second anniversaries of the date of grant and are exercisable for a period of five years. The Options are being granted on the following basis:

The PSUs being granted to Executive Management under the terms of the PSU Scheme, approved by shareholders in October 2020, relate to the performance period that ran from 1 January 2023 to 31 December 2025.   The PSUs will vest two years from the date of grant, being 12 February 2028.  The PSUs are being granted to Executive Management on the following basis:

ENDS

For further information visit the Zinnwald website www.zinnwaldlithium.com or sign up to our investor community to connect directly with the management team investors.zinnwaldlithium.com/auth/signup.

Notes

AIM quoted Zinnwald Lithium plc (EPIC: ZNWD.L) is focused on becoming an important supplier of lithium hydroxide to Europe's fast-growing battery sector. The Company owns 100% of the Zinnwald Lithium Project in Germany, which has an approved mining licence, is located in the heart of Europe's chemical and automotive industries and has the potential to be one of Europe's more advanced battery grade lithium projects.