Vesting and settlement of 2022 Conditional Share Awards and Notification of transactions by persons discharging managerial responsibilities

Core Viewpoint - Serabi Gold plc has approved the vesting of Conditional Share Awards for the 2022 calendar year, with a total of 482,528 new ordinary shares due to vest under the Long Term Incentive Plan (LTIP) based on performance metrics over a three-year period [1][2]. Group 1: Conditional Share Awards - The 2022 Awards were granted under the 2020 Restricted Share Plan, requiring a three-year performance period with specific performance criteria to be met [2]. - The performance criteria include 40% based on Total Shareholder Return (TSR), 30% on Return on Capital Employed (ROCE), and 30% on Return on Sales (ROS) [7]. Group 2: Cash Settlement - The Board has opted for a cash settlement for the 2022 Awards due to the strong cash position of the Group, with the cash value determined by the 20 Day VWAP price of £1.52 as of 5 June 2025 [3]. - The cash payments for Mr. Hodgson and Mr. Howlin are £341,356 and £104,956 respectively, after applicable tax deductions [4]. Group 3: Shareholder Engagement - CEO Mike Hodgson has purchased 45,000 shares at £1.69 on 5 June 2026, increasing his total holdings to 135,066 shares, representing 0.18% of the issued shares [4]. Group 4: Company Overview - Serabi Gold plc is focused on gold exploration, development, and production in the Tapajós region of Brazil, with a production range of 30,000 to 40,000 ounces per year and plans to double production with the Coringa Gold project [9].