14 June 2024

Beowulf Mining Plc

("Beowulf" or the "Company")

Result of Annual General Meeting

The Annual General Meeting of Beowulf Mining Plc (AIM:BEM; Spotlight:BEO) was held at 4 More London Riverside, London, SE1 2AU, United Kingdom on 14 June 2024 at 9:00 a.m.

All 12 resolutions put to members were passed on a poll. Resolutions 1 to 9 were passed as ordinary resolutions and resolutions 10, 11 and 12 were passed as special resolutions.

The number of votes cast for and against each of the resolutions proposed, and the number of votes withheld were as follows:

 Resolution Votes for % Votes against % Votes withheld
Resolution 1 59,809,760 94.82 3,265,977 5.18 4,234,020
(Ordinary)To receive
and consider the
Company's audited
accounts for the year
ended 31 December
2023 and the
directors' and
auditors' reports
thereon
Resolution 2 59,586,922 94.60 3,402,947 5.40 4,319,888
(Ordinary)To receive
the Directors'
remuneration report
for the financial
year ended 31
December 2023
Resolution 3 62,690,230 94.67 3,529,024 5.33 1,090,503
(Ordinary)To elect
Edward Bowie as a
director of the
Company
Resolution 4 62,508,803 94.66 3,529,024 5.34 1,271,930
(Ordinary)To elect
Johan Mikael Schauman
as a director of the
Company
Resolution 5 62,508,803 94.66 3,529,024 5.34 1,271,930
(Ordinary)To re-elect
Christopher Davies as
a director of the
Company
Resolution 6 59,334,681 94.43 3,503,146 5.57 4,471,930
(Ordinary)To re
-appoint BDO LLP as
auditor of the
Company
Resolution 7 59,307,807 94.38 3,530,020 5.62 4,471,930
(Ordinary)To
authorise the
Directors to
determine the fees
payable to the
auditor
Resolution 8 59,450,760 94.33 3,570,203 5.67 4,288,794
(Ordinary)To
authorise the
Directors to allot
shares in the Company
Resolution 9 59,398,943 89.62 6,876,794 10.38 1,034,020
(Ordinary)To approve
the proposed share
consolidation
Resolution 10 59,276,088 94.38 3,530,311 5.62 4,503,358
(Special)To disapply
pre-emption rights
generally
Resolution 11 59,219,605 94.29 3,586,794 5.71 4,503,358
(Special)Further
disapplication of pre
-emption rights as
set out in the Notice
of Meeting
Resolution 12 62,697,371 94.68 3,521,883 5.32 1,090,503
(Special)To approve
the adoption of the
New Articles

As at 14 June 2024, there were 1,942,239,479 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.

The full text of each resolution is available in the Notice of Annual General Meeting, published on the Company's website.

Share Consolidation

The passing of Resolution 9 (above) authorises the Directors to consolidate the shares of the Company.

Following the approval of Resolution 9, the Consolidation Resolution, every 50 ordinary shares of £0.001 each (the "Existing Shares") that are in issue as at 6.00 p.m. (BST) on 14 June 2024 will be consolidated into one new ordinary share of £0.05 (5 pence) (the "New Ordinary Shares").  To effect the consolidation, it is necessary to issue 21 new Existing Shares to SP Angel Corporate Finance LLP (the Company's joint broker) so that, immediately prior to the consolidation, the Company's issued share capital will be exactly divisible by 50.

Other than the change in nominal value, the New Ordinary Shares arising on implementation of the Share Consolidation will have the same rights as the Existing Ordinary Shares, including voting and other rights.

The New Ordinary Shares will be admitted to trading on AIM from 8.00 a.m. (BST) on 17 June 2024 ("Admission") with ISIN GB00BQ1LGQ19 and SEDOL code BQ1LGQ1.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 38,844,790 New Ordinary Shares with voting rights. This figure of 38,844,790 New Ordinary Shares may be used by shareholders in the Company 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 share capital of the Company.

Enquiries:

Beowulf Mining plc

Ed Bowie, Chief Executive Office                                               ed.bowie@beowulfmining.com

SP Angel

(Nominated Adviser & Joint Broker)       

Ewan Leggat / Stuart Gledhill / Adam Cowl            Tel: +44 (0) 20 3470 0470

Alternative Resource Capital

(Joint Broker)

Alex Wood                                                                          Tel: +44 (0) 20 7186 9004

BlytheRay          

Tim Blythe / Megan Ray                                                Tel: +44 (0) 20 7138 3204