Appointment: Craig Ransley as strategic consultant

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

27 October 2025

Amigo Holdings PLC

("Amigo" "PLC" or the "Company")

Appointment of Craig Ransley as strategic consultant

Amigo Holdings PLC is pleased to announce that it has appointed Craig Ransley as a Board Consultant. In this role, Craig will help the Board explore strategic options for Amigo to remain a listed company, specifically by identifying and pursuing a reverse takeover in the mining sector.

Shareholders should note that there is no guarantee a reverse takeover (RTO) will be agreed. If an RTO is agreed, it would be conditional on, inter alia, Amigo shareholder approval and publication of a prospectus approved by the FCA and re-admission of the enlarged share capital to the Official List and to trading on the Main Market of the London Stock Exchange or similar such requirements for any other listing venue.

Under Craig's consultancy agreement, the Company has agreed that if Craig successfully introduces to Clear Capital Markets Limited investors that irrevocably agree to subscribe for a £1.5 million capital raise by the Company, Amigo will pay Craig a fee of £200,000. Craig has agreed to use the fee to subscribe for 57,035,296 Amigo new ordinary shares of 0.25p each fully paid (Fee Shares) at an issue price of 0.3507p per Fee Share, which will rank pari passu in all respects with the existing issued ordinary shares. The Fee Shares when issued would represent 10% of Amigo's current issued share capital. Amigo will in due course make an application for the Fee Shares to be admitted to the Equity Shares (Commercial Companies) Category of the Official List and to be admitted to trading on the main market for listed securities of the London Stock Exchange. A further announcement will be made in due course.

Conditional on the Fee Share issuance completing, the Board expects formally to appoint Craig as a Director of Amigo, with the title Executive Chair, subject to satisfactory completion of market and other regulatory checks. Craig brings nearly 30 years of experience in building mining businesses that deliver value for investors. More details about his background are provided below.

Jonathan Roe, Chair of Amigo commented:

"Craig has a strong history of building mining businesses that deliver value for investors, and we're excited to work with him as we look for a better outcome for shareholders-one that could help restore some value to them. While there's no certainty that a deal will happen, we believe Craig's experience significantly improves our chances of making it possible."

Clear Capital Markets Limited (Clear) has been appointed as broker to Amigo. Beaumont Cornish continues to be Amigo's Listing Sponsor. Clear will be paid: £25k on completion of the Company's proposed £1.5m raise; and £75k (which at Clear's request can be paid in equity at the RTO share price) at completion of an RTO of Amigo.

APPENDIX

Craig Ransley is an accomplished Australian entrepreneur and executive with over two decades of experience founding, managing, and scaling businesses across the mining, labour hire, and industrial services sectors.

Craig's entrepreneurial journey began in 2000 when he founded the TESA Group, a successful labour hire and services company that he grew and sold to the Skilled Group. He subsequently entered the resource industry, founding NuCoal Resources Ltd and overseeing its listing on the Australian Securities Exchange (ASX). He also co-founded ResCo Services Pty Ltd, where he served as Chairman.

His most extensive involvement is with TerraCom Ltd (ASX: TER), which he founded in 2009 and served in various roles ranging from Managing Director to Executive Chairman. Under his leadership, TerraCom extended the operational life of the flagship Blair Athol Mine in Queensland and achieved significant reserve expansion.

During his tenure, Craig was instrumental in growing TerraCom into a company that achieved a market capitalization in excess of one billion AUS dollars. Craig's governance portfolio is broad, including service as Chairman of Bluestone Global Ltd, as Chairman of LSE and ASX dual-listed Universal Coal Plc, and as Executive Chairman of ASX-listed Mayur Resources Ltd, where he managed coal and renewable energy projects.

With a strong foundation in the mining, natural resources, and energy sectors, Craig is a proven corporate leader. His deep, practical expertise, combined with extensive experience in resource development, strategic planning, and public company governance, positions him to contribute significantly to the evaluation of potential targets in these sectors.

Contacts:

This announcement contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). The person responsible for this announcement is Nicholas Beal, Company Secretary.

About Amigo Holdings PLC

Amigo is a public limited company registered in England and Wales with registered number 10024479. The Amigo Shares are listed on the Official List of the London Stock Exchange.

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