MARSHALL MONTEAGLE PLC - Exercise of Warrants and Issue of Shares

Exercise of Warrants and Issue of Shares

Marshall Monteagle PLC
(Incorporated in Jersey)
(Registration number: 102785)
(External registration number: 2010/024031/10)
JSE Code: MMP ISIN: JE00B5N88T08
Main Board – General Segment
("Marshalls" or "the Company")

EXERCISE OF WARRANTS AND ISSUE OF SHARES

Pursuant to the Marshalls rights offer a total of 4,482,074 warrants, convertible into one ordinary share
in the share capital of Marshalls ("Marshalls Shares") each, were issued to those Marshalls
shareholders who participated in the rights offer on a basis of one warrant for every two Marshalls
Shares subscribed for in terms of the rights offer. The authority to allot the Marshalls Shares pursuant
to the exercise of warrants was provided by Marshalls shareholders at the Company's general meeting
held on 6 October 2025. The latest window to exercise the warrants opened on 26 June 2026 and
closed on 23 July 2026.

During the exercise window, the Company received sixty two applications from warrantholders, in
respect of 978,180 warrants, to convert their warrants to Marshalls Shares, which has resulted in the
issue of 978,180 Marshalls Shares ("Additional Marshalls Shares") and raising approximately US$1.17
million. A listing application has been submitted to the JSE Limited in respect of these Additional
Marshalls Shares, which will be listed on the JSE in due course.

The Additional Marshalls Shares will rank pari passu with the Company's existing listed Marshalls
Shares. Following the issuance of the Additional Marshalls Shares, the issued share capital of the
Company is 47,100,069 ordinary shares.

By order of the Board:

28 July 2026


JSE Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 28-07-2026 03:45:00
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