Exercise of Warrants and TVR

About this update from Gana Media Group Plc

20 March 2026   Gana Media Group plc ("GANA" or "the Company" or "the Group")   Exercise of Warrants, Total Voting Rights ("TVR")   Gana Media Group plc (formerly Mobile Streams plc), the AIM quoted content and data intelligence company which aims to create a leading integrated sports, media and entertainment conglomerate focused within the Latin American region, and particularly the Mexican market, is pleased to announce the exercise of warrants by a number of investors including Directors and PDMR as outlined below.   In total, 544,133,566 warrants have been exercised at 0.15p per share, resulting in proceeds received of £816,200. No further warrants remain outstanding, other than those at 0.75p issued in connection with the fund raise in December 2025.   Application will be made to the London Stock Exchange for admission of the 544,133,566 Ordinary Shares resulting from the issue of these warrants. It is expected that admission will become effective and dealings in these Ordinary Shares will commence at 8.00 a.m. on or around 26 March 2026.   Following these exercises, the holdings of the Directors and PDMR who have exercised warrants today are as shown below.   Warrants Exercised Resultant Shareholding % Stefano Loreti 218,258,929 876,357,852 4.94 Mark Epstein 23,883,929 1,144,813,398 6.45 Tom Gutteridge 23,883,929 210,648,473 1.19 John Barker 69,053,391 417,454,515 2.35   Total Voting Rights ("TVR") Following the issue of the Ordinary Shares as described above, the Company's issued share capital consists of 17,735,957,237 ordinary shares with a nominal value of 0.01p each, with voting rights. The Company does not hold any Ordinary Shares in Treasury. Therefore, the above figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. 1 D et ails of  t h e   p er son   d is c h a r gi n g   m a n ag er ial   re s p o n si b i li t i e s   /  p er son   c los e ly asso c ia te d a) Name Stefano Loreti 2 Reason for notification a) Position / status Director  b) I niti a l noti f i ca t i on /Am e ndm e nt Initial 3 D et ails   of   t h e   iss u er ,  e m ission   allo w a n c e   m a r k e t   p a rt i c i p a n t ,   a u ct i on p la t f o r m , a u ct io n ee r   or   a uc t ion   m o n i t or a) Name Gana Media Group plc  b) LEI LEI: 213800CJX7WW927QWP43  4 D et ails   of   t h e   t r a n sa ct i o n ( s ) : s ect ion   t o   b e   re p e a te d   f or   ( i )   e a c h   t y p e   ofi n s tr u m e n t ;  ( ii)   e a c h   t y p e   of   tr a n sa c t io n ;   ( iii)   e a c h   d a te ;   a n d   ( i v)   e a c h   p la c e  w h er e   tr a n sa ct io n s  h ave   b ee n   c o ndu cted a) D e s cr iption of the  f in a n c i a l inst r um e nt,  t y pe of   inst r um e nt   I d e nti f i ca tion  c o d e Ordinary shares of 0.01 pence each in Mobile Stream plc   ISIN GB00B0WJ3L68   Nature of the transaction Purchase of shares  c) Price(s) and volumes(s)   Price(s) Volumes(s) 0.15 pence 218,258,929    d) Aggregated information n/a e) Date of the transaction 20 March 2026 f) Place of the transaction London Stock Exchange, AIM (XLON)     1 D et ails of  t h e   p er son   d is c h a r gi n g   m a n ag er ial   re s p o n si b i li t i e s   /  p er son   c los e ly asso c ia te d a) Name Mark Epstein 2 Reason for notification a) Position / status Director  b) I niti a l noti f i ca t i on /Am e ndm e nt Initial 3 D et ails   of   t h e   iss u er ,  e m ission   allo w a n c e   m a r k e t   p a rt i c i p a n t ,   a u ct i on p la t f o r m , a u ct io n ee r   or   a uc t ion   m o n i t or a) Name Gana Media Group plc  b) LEI LEI: 213800CJX7WW927QWP43  4 D et ails   of   t h e   t r a n sa ct i o n ( s ) : s ect ion   t o   b e   re p e a te d   f or   ( i )   e a c h   t y p e   ofi n s tr u m e n t ;  ( ii)   e a c h   t y p e   of   tr a n sa c t io n ;   ( iii)   e a c h   d a te ;   a n d   ( i v)   e a c h   p la c e  w h er e   tr a n sa ct io n s  h ave   b ee n   c o ndu cted a) D e s cr iption of the  f in a n c i a l inst r um e nt,  t y pe of   inst r um e nt   I d e nti f i ca tion  c o d e Ordinary shares of 0.01 pence each in Mobile Stream plc   ISIN GB00B0WJ3L68   Nature of the transaction Purchase of shares  c) Price(s) and volumes(s)   Price(s) Volumes(s) 0.15 pence 23,883,929    d) Aggregated information n/a e) Date of the transaction 20 March 2026 f) Place of the transaction London Stock Exchange, AIM (XLON)   1 D et ails of  t h e   p er son   d is c h a r gi n g   m a n ag er ial   re s p o n si b i li t i e s   /  p er son   c los e ly asso c ia te d a) Name Tom Gutteridge 2 Reason for notification a) Position / status PDMR b) I niti a l noti f i ca t i on /Am e ndm e nt Initial 3 D et ails   of   t h e   iss u er ,  e m ission   allo w a n c e   m a r k e t   p a rt i c i p a n t ,   a u ct i on p la t f o r m , a u ct io n ee r   or   a uc t ion   m o n i t or a) Name Gana Media Group plc  b) LEI LEI: 213800CJX7WW927QWP43  4 D et ails   of   t h e   t r a n sa ct i o n ( s ) : s ect ion   t o   b e   re p e a te d   f or   ( i )   e a c h   t y p e   ofi n s tr u m e n t ;  ( ii)   e a c h   t y p e   of   tr a n sa c t io n ;   ( iii)   e a c h   d a te ;   a n d   ( i v)   e a c h   p la c e  w h er e   tr a n sa ct io n s  h ave   b ee n   c o ndu cted a) D e s cr iption of the  f in a n c i a l inst r um e nt,  t y pe of   inst r um e nt   I d e nti f i ca tion  c o d e Ordinary shares of 0.01 pence each in Mobile Stream plc   ISIN GB00B0WJ3L68   Nature of the transaction Purchase of shares  c) Price(s) and volumes(s)   Price(s) Volumes(s) 0.15 pence 23,883,929    d) Aggregated information n/a e) Date of the transaction 20 March 2026 f) Place of the transaction London Stock Exchange, AIM (XLON)   1 D et ails of  t h e   p er son   d is c h a r gi n g   m a n ag er ial   re s p o n si b i li t i e s   /  p er son   c los e ly asso c ia te d a) Name John Barker 2 Reason for notification a) Position / status Director b) I niti a l noti f i ca t i on /Am e ndm e nt Initial 3 D et ails   of   t h e   iss u er ,  e m ission   allo w a n c e   m a r k e t   p a rt i c i p a n t ,   a u ct i on p la t f o r m , a u ct io n ee r   or   a uc t ion   m o n i t or a) Name Gana Media Group plc  b) LEI LEI: 213800CJX7WW927QWP43  4 D et ails   of   t h e   t r a n sa ct i o n ( s ) : s ect ion   t o   b e   re p e a te d   f or   ( i )   e a c h   t y p e   ofi n s tr u m e n t ;  ( ii)   e a c h   t y p e   of   tr a n sa c t io n ;   ( iii)   e a c h   d a te ;   a n d   ( i v)   e a c h   p la c e  w h er e   tr a n sa ct io n s  h ave   b ee n   c o ndu cted a) D e s cr iption of the  f in a n c i a l inst r um e nt,  t y pe of   inst r um e nt   I d e nti f i ca tion  c o d e Ordinary shares of 0.01 pence each in Mobile Stream plc   ISIN GB00B0WJ3L68   Nature of the transaction Purchase of shares  c) Price(s) and volumes(s)   Price(s) Volumes(s) 0.15 pence 69,053,391    d) Aggregated information n/a e) Date of the transaction 20 March 2026 f) Place of the transaction London Stock Exchange, AIM (XLON)     This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulations (EU) No. 596/2014, as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain.     For further information, please contact:   Gana Media Group plc John Barker, Chairman +44 7711 920865 www.ganamediagroup.com   Beaumont Cornish (Nominated Adviser) James Biddle and Roland Cornish +44 (0) 20 7628 3396   AlbR Capital Limited (Broker) Lucy Williams and Duncan Vasey +44 (0) 20 7469 0930     Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated 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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