Pensana Plc - Issue of Equity

                          10 November 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Pensana Plc

("Pensana" or the "Company")

Issue of Equity

Pensana Plc (LSE: PRE) announces that, further to the financing update
announcement dated 26 October 2026, the Company has granted Cascade Natural
Resources Limited ("Cascade") an extension to finalise their next funding
tranche as part of the US$165 million overall commitment. Cascade has so far
invested US$15 million of its US$165 million overall commitment

Whilst the Company awaits finalization of the Cascade funding Pensana has
concluded a subscription agreement with long-term major shareholders for the
placing of 5,000,000 New Ordinary Shares of £0.001 each ("New Ordinary Shares").
The New Ordinary Shares will be issued at £0.40 per share for a total
consideration of £2,000,000 gross proceeds.

Accordingly, application will be made for the 5,000,000 New Ordinary Shares to
be admitted to the Official List and to trading on the Main Market of the LSE
and Admission is expected to occur on the LSE on or about 08:00 on 16 November
2026. These shares rank pari passu with the existing Ordinary Shares in issue.

Following this issue, the Company's issued share capital consists of 358,515,226
Ordinary Shares. No shares are held in treasury. Therefore, the total number of
voting rights of the Company is 358,515,226.

The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change in their interest in, the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.

The information contained within this announcement is considered by the Company
to constitute inside information as stipulated under the Market Abuse
Regulations (EU) No.596/2014. Upon the publication of this announcement via a
Regulatory Information Service, this inside information will be considered to be
in the public domain. The person responsible for arranging for the release of
this announcement on behalf of the Company is Paul Atherley (Chairman).

-ENDS-

For further information, please contact: Shareholder/analyst enquiries:

Pensana Plc

Paul Atherley, ChairmanIR@pensana.co.uk Tim George, Chief Executive Officer

Rob Kaplan, Chief Financial Officer


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