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Holding(s) in Company

Corporate Updates

For immediate release

23 April 2025

Serabi Gold plc

("Serabi" or the "Company")

Holding(s) in Company

The Board of Serabi announces that the Company has received the following TR -1 notification which is

set out below.

Enquiries:

Serabi Gold plc

Michael Hodgson Tel: +44 (0)20 7246 6830

Chief Executive Mobile: +44 (0)7799 473621

Andrew Khov

Vice President, Investor Relations & Business

Development

Mobile +1 647 885 4874

Email: [email protected]

Website: www.serabigold.com

Beaumont Cornish Limited

Nominated Adviser and Financial Adviser

Roland Cornish / Michael Cornish Tel: +44 (0)20 7628 3396

Peel Hunt LLP

Joint UK Broker

Ross Allister Tel: +44 (0)20 7418 9000

Tamesis Partners LLP

Joint UK Broker

Charlie Bendon / Richard Greenfield Tel: +44 (0)20 3882 2868

Camarco

Financial PR - Europe

Gordon Poole / Emily Hall Tel: +44(0) 20 3757 4980

Harbor Access

Financial PR – North America

Jonathan Patterson / Lisa Micali Tel: +1 475 477 9404

Copies of this announcement are available from the Company's website at www.serabigold.com.

Neither the London Stock Exchange, the Toronto Stock Exchange, nor any other securities regulatory au-

thority, has approved or disapproved of the contents of this announcement.

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS

1a. Identity of the issuer or the underlying issuer

of existing shares to which voting rights are at-

tached ii:

Serabi Gold plc

BG5NDX9

1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an “X”)

An acquisition or disposal of voting rights X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify) iii:

3. Details of person subject to the notification obligation iv

Name Greenstone Resources II LP

City and country of registered office (if applicable) St Peter Port, Guernsey

4. Full name of shareholder(s) (if different from 3.) v

Name

City and country of registered office (if applicable)

5. Date on which the threshold was crossed or

reached vi: 23 April 2025

6. Date on which issuer notified (DD/MM/YYYY): 23 April 2025

7. Total positions of person(s) subject to the notification obligation

% of voting rights at-

tached to shares (to-

tal of 8. A)

% of voting rights

through financial instru-

ments

(total of 8.B 1 + 8.B 2)

Total of both in %

(8.A + 8.B)

Total number of

voting rights held

in issuer (8.A +

8.B) vii

Resulting situation

on the date on which

threshold was

crossed or reached

0% 0.0% 0% 0

Position of previous

notification (if

applicable)

5.20% 0.0% 5.20%

8. Notified details of the resulting situation on the date on which the threshold was crossed or

reached viii

A: Voting rights attached to shares

Class/type of

shares

ISIN code (if possible)

Number of voting rights ix % of voting rights

Direct

(DTR5.1)

Indirect

(DTR5.2.1)

Direct

(DTR5.1)

Indirect

(DTR5.2.1)

GB00BG5NDX91 0 0 0 0

SUBTOTAL 8. A 0 0%

B 1: Financial Instruments according to DTR5.3.1R (1) (a)

Type of financial in-

strument

Expiration

date x

Exercise/

Conversion Period xi

Number of voting rights

that may be acquired if

the instrument is

exercised/converted.

% of voting rights

n/a n/a n/a n/a n/a

SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)

Type of financial

instrument

Expiration

date x

Exercise/

Conversion Pe-

riod xi

Physical or

cash

Settlement xii

Number of

voting rights % of voting rights

n/a n/a n/a n/a n/a n/a

SUBTOTAL

8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an “X”)

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not

control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii

Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entity

(please add additional rows as necessary) xiv

Name xv

% of voting rights if it

equals or is higher

than the notifiable

threshold

% of voting rights

through financial in-

struments if it equals

or is higher than the

notifiable threshold

Total of both if it

equals or is higher

than the notifiable

threshold

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional information xvi

Greenstone Resources II LP has entered into a legally binding secondary block trade agreement with Peel

Hunt LLP and Tamesis Partners LLP on 22 April 2025 to sell 3,936,492 ordinary shares in Serabi Gold plc.

Completion is expected to occur on 2 May 2025. All voting and other rights in the 3,936,492 ordinary

shares are retained by Greenstone Resources II LP until completion.

As announced on 15 April 2025 Greenstone Resources II LP entered into a legally binding unconditional

share purchase agreement on 12 April 2025 to sell 15,146,902 ordinary shares in Serabi Gold plc. Com-

pletion is expected to occur within 20 calendar days of the share purchase agreement, or such other date

as the parties may agree. All voting and other rights in the 15,146,902 ordinary shares are retained by

Greenstone Resources II LP until completion.

Place of completion UK

Date of completion 23 April 2025