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Aftan Receives Initial US$500k Settlement Payment
Kazera Global plc announced that its wholly-owned subsidiary, African Tantalum (Pty) Ltd, has received an initial US$500,000 settlement payment from Hebei Xinjian Construction CC. This payment, received into Aftan's Namibian bank account, signifies the commencement of performance under the settlement agreement and is being processed for remittance to Kazera, representing a significant milestone in the implementation of the agreement and expected to deliver substantial value for shareholders. Disclaimer*
About this update from Kazera Global Plc
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain. 10 July 2026 Kazera Global plc ("Kazera" or the "Company") Aftan Receives Initial US$500,000 Settlement Payment Kazera Global plc (AIM: KZG), the AIM-quoted investment company, is pleased to announce that African Tantalum (Pty) Ltd ("Aftan") of which Kazera is the 100% shareholder, has received the initial US$500,000 payment under the settlement agreement with Hebei Xinjian Construction CC ("Hebei") announced by the Company on 22 June 2026. The US$500,000 has been received into Aftan's Namibian bank account and Aftan is now processing the remittance of the funds to Kazera in accordance with the applicable exchange control requirements. Richard Jennings, Interim Chief Executive Officer of Kazera, commented: "Receipt of the initial US$500,000 payment into Aftan's bank account is an important milestone and confirms that Hebei has commenced performance under the settlement agreement. "We are very pleased to see the settlement now moving firmly into implementation and look forward to the significant value it is expected to deliver for Kazera and its shareholders." ENDS For further information, visit www.kazeraglobal.com or contact: Kazera Global plc Richard Jennings, Interim Chief Executive Officer [email protected] Strand Hanson Limited (Nominated, Financial Adviser and Broker) Christopher Raggett / Ritchie Balmer Tel: +44 (0)207 409 3494 Zeus Capital Limited (Joint Broker) Harry Ansell / Simon Johnson / Katy Mitchell Tel: +44 (0)203 829 5000 St Brides Partners Limited (Financial PR) Isabel de Salis / Charlotte Page [email protected] Notes Kazera Global plc (LON:KZG) is a diversified commodity investment company focused on unlocking value through production growth and disciplined portfolio management. While production builds at its Whale Head Minerals (Heavy Mineral Sands) and Deep Blue Minerals (diamond) assets in South Africa's Northern Cape province, the Company also continues to assess new opportunities to expand its growth pipeline and deliver sustainable returns.