SHUKA MINERALS PLC - Kabwe Mine - Update on Financing for Kabwe Transaction

Kabwe Mine - Update on Financing for Kabwe Transaction

SHUKA MINERALS PLC
(formerly Edenville Energy 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

Kabwe Mine – update on financing for Kabwe transaction

Shuka Minerals Plc (AIM/AltX: SKA), an African focused mine operator and developer,
provides an update on the Company's proposed acquisition ("Acquisition") of the Zambian
mining and exploration company, Leopard Exploration and Mining Limited ("LEM") and the
Kabwe Zinc Mine ("Kabwe Mine") located in central Zambia.

Further to its announcement on 2 January 2026, the Company is shortly expecting receipt
of £815,000 from African focused investment banking and corporate finance group,
Gathoni Muchai Investments Limited ("GMI"), pursuant to the increased loan ("GMI Loan")
entered into on 30 June 2025. The Company has received a copy of a payment transfer
instruction for value today, 12 January 2026, for the above amount from GMI to Shuka's UK
bank account with its auditors.

A further announcement will be made upon receipt of the funds, which will enable the
Company to settle the Acquisition cash consideration with the LEM vendors.

This announcement contains inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European
Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's
obligations under Article 17 of MAR.

Capitalised terms in this announcement have the same meaning as in the Company's
announcement 1 July 2025, unless otherwise defined.

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

LONDON
12 January 2026

For Enquiries:
Shuka Minerals Plc                            +44 (0) 7990 503007
Richard Lloyd - CEO

Strand Hanson Limited                         +44 (0) 20 7409 3494
Financial and Nominated Adviser
James Harris | Richard Johnson

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

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

Peterhouse Capital Limited                    +44 (0)20 7469 0930
Joint Broker
Charles Goodfellow | Duncan Vasey

Investor Relations                            +254 746 849 110
Faith Kinyanjui Mumbi

                                   SPONSOR
                          AcaciaCap Advisors Proprietary Limited

Date: 12-01-2026 09:17:00
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