Exercise of Broker Warrants and Issue of Equity

16 October 2025

KEFI Gold and Copper plc

("KEFI" or the "Company")

Exercise of Broker Warrants and Issue of Equity

KEFI Gold and Copper plc (AIM: KEFI), the gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia, confirms that it has today issued  38,352,272 new ordinary shares of 0.1 pence each ("Ordinary Shares") (the "Broker Warrant Shares") to: 5,625,000 warrants to Jonathan Evans following the exercise of broker warrants at an exercise price of 0.60 pence per share and 32,727,272  warrants to Tavira Financial Ltd, following the exercise of broker warrants at an exercise price of 0.55 pence per share.

Application will be made for the Broker Warrant Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective, and dealings in the Broker Warrant Shares to commence, on 21 October 2025.

Following the issue of the Broker Warrant Shares, the Company's total issued share capital will consist of 9,527,757,766 Ordinary Shares with voting rights. The above figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Notes to Editor

KEFI Gold and Copper plc

KEFI is focused primarily on the development of Tulu Kapi in Ethiopia and its pipeline of highly prospective exploration projects in the Arabian-Nubian Shield. KEFI targets that production at Tulu Kapi will generate cash flows for capital repayments, further exploration and dividends to shareholders.