COPPER 360 LIMITED - Results of Concurrent Claw-Back Offer, Rights Offer and Debt Restructuring Rights Offer

Results of Concurrent Claw-Back Offer, Rights Offer and Debt Restructuring Rights Offer

COPPER 360 LIMITED
Incorporated in the Republic of South Africa
(Registration number 2021/609755/06)
Share code: CPR
ISIN: ZAE000318531
("Copper 360" or "the Company")

RESULTS OF CONCURRENT CLAW-BACK OFFER, RIGHTS OFFER AND DEBT RESTRUCTURING RIGHTS
OFFER

Shareholders are referred to the declaration and finalisation announcements released on SENS on 11
November 2025 and 13 November 2025, respectively, advising of the Company's intention to raise R1.15
billion from its shareholders by way of a concurrent Claw-back Offer, Rights Offer and Debt Restructuring
Rights Offer, details of which were included in the Circular dated 18 November 2025.

Capitalised words and terms contained in this announcement shall bear the meanings ascribed thereto in the
Circular, which is available on the Company's website (www.copper360.co.za).

Shareholders are advised that, following the close of the Claw-back Offer and Rights Offer at 12:00 on Friday, 5
December 2025, 329 315 130 Claw-back Offer and Rights Offer Shares were subscribed for, equivalent to
63.3% of the Rights Offer. The 280 000 000 shares subscribed for by the Underwriter in terms of the First
Recapitalisation Subscription on 8 September 2025 were not clawed back. A further 197 369 740 shares have
been taken up by the Underwriter and providers of Irrevocable Undertakings in proportion to their respective
commitments. Accordingly, the full R400 million Equity Capital Raise has been achieved.

Debt Instruments amounting to R715 145 023, subject to conversions in terms of the Debt Conversion
Agreements, will convert into 1 430 290 046 on the settlement date described below.

Following the implementation of the Claw-back Offer and the Rights Offer the issued share capital of the
Company will be 2 950 141 706 shares.

Graham Briggs, Chief Executive Officer commented: "We are delighted to have raised the targeted growth
capital required to create sustainable processing capacity and complete the associated mine development."

Shareholders are reminded of the following pertinent dates:

CSDP or broker accounts credited with Claw-back Offer and Rights Offer shares       Monday, 8 December
and debited with the payments due in respect of holders of dematerialised shares
on

Allocation of Shares to Underwriter and providers of Irrevocable Undertakings       Monday, 8 December

Share certificates in terms of the Claw-back Offer and Rights Offer shares          Monday, 8 December
posted to Certificated Shareholders (if applicable) on or about

Money received in respect of an application that is rejected or otherwise treated   Monday, 8 December
as void by Copper 360, or which is otherwise not validly received in accordance
with the terms stipulated, refunded by way of EFT on or about

8 December 2025
Stellenbosch
Designated Advisor and Corporate Advisor: Bridge Capital Advisors Proprietary Limited

Date: 08-12-2025 05:30:00
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