SHUKA MINERALS PLC - Further Re Subscription

Further Re Subscription

 SHUKA MINERALS PLC
(Incorporated in England and Wales)
(Registration number 05292528)
(“Shuka Minerals” or “the Company”)
 ISIN Code: GB00BN47NP32
 AIM Share Code: SKA     JSE Share Code: SKA

FURTHER RE SUBSCRIPTION

Shuka Minerals Plc (AIM/AltX: SKA), an African focused mine operator and developer,
announces that further to the announcement on 22 July 2026 regarding the £750,000
subscription by Menel Energy and Resources Limited (“Menel”), the Company confirms that
the second tranche of £375,000 has been received.

As announced on 22 July 2026, following completion of the subscription, the Company has
also issued Menel warrants to subscribe for up to a further 18,750,000 new ordinary shares of
£0.01 each at an exercise price of 8 pence per share, exercisable until 8 July 2029.

Admission and total voting rights
Application will be made to the London Stock Exchange for the second tranche of 9,375,000
new ordinary shares (“Subscription Shares”) to be admitted to trading on AIM (“Admission”).
It is expected that Admission will become effective and dealings in the Subscription Shares
will commence at 8.00 a.m. on or around 9 September 2026. The Subscription Shares will
rank pari passu in all respects with the Company’s existing ordinary shares.

Following Admission, the Company’s total issued share capital will comprise 173,048,474
ordinary shares, each carrying one voting right. The Company does not hold any ordinary
shares in treasury.

Accordingly, the figure of 173,048,474 may be used by shareholders as the denominator for
the calculations by which they determine whether they are required to notify their interest
in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and
Transparency Rules.

The Directors of Shuka are responsible for the contents of this announcement.

ENDS

LONDON
3 September 2026

Shuka Minerals plc has its primary listing on the London Stock Exchange (“AIM”) and a
secondary listing on the AltX of the JSE Limited.

For enquiries contact:
Shuka Minerals Plc                                                       +44 (0)7990 503 007
Richard Lloyd
Chief Executive Officer

Nominated Adviser                                                        +44 (0)20 7213 0880
Cairn Financial Advisers LLP
Sandy Jamieson / Ludovico Lazzaretti / James Western

JSE Sponsor & Listing Advisor                                              +27 (11) 480 8500
AcaciaCap Advisors Proprietary Limited
Michelle Krastanov

Broker                                                                   +44 (0)20 7100 5100
Tavira Financial Limited
Oliver Stansfield / Jonathan Evans

Investor Relations                                                       +44 (0)208 892 8329
Olivia Lloyd

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.

SPONSOR
AcaciaCap Advisors Proprietary Limited
Date: 03/09/2026 08:08:00
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