Update on Warrant Exercise

African Pioneer PLC

21 August 2026

21 August 2026

African Pioneer Plc

("African Pioneer" or the "Company")

Update on Exercise of Warrants

African Pioneer Plc ("AFP"), the exploration and resource development company with projects in Namibia, Zambia and Botswana, announces that further to the announcement of 11 August 2026, listing on the FCA's Official List (Equity Shares (transition)) and admission to trading on the main market the London Stock Exchange of the 2,800,000 ordinary shares in the Company issued pursuant to the exercise of warrants, (the Warrant Exercise Shares), will now take effect on or around 24 August 2026. 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).

For further information, please contact:

African Pioneer Plc Colin Bird, Chairman	Tel +44 (0) 20 3961 6084
Beaumont Cornish Limited (Financial Adviser) Roland Cornish/Asia Szusciak	Tel +44 (0) 20 7628 3396
AlbR Capital Limited (Joint Broker) Jon Belliss	Tel +44 (0) 20 7399 9425
Shard Capital Partners LLP (Joint Broker) Damon Heath	Tel +44 (0) 20 7186 9952

or visit  https://africanpioneerplc.com/

Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is Financial Adviser to the Company in relation to the matters referred herein. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it.

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