Appointment of Joint Broker

This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement via a Regulatory Information Service, this information is considered to be in the public domain.

May 9, 2025

Pineapple Power Corporation PLC (the "Company" or "Pineapple Power")

Appointment of Joint Broker

Pineapple Power Corporation PLC ("PNPL") a special purpose acquisition company, is pleased to announce the appointment of First Equity Limited ("First Equity") as Joint Broker to the Company with immediate effect. First Equity will work alongside the Company's existing Corporate Broker, Peterhouse Capital.

As recently reported, the Company announced that it has agreed in principle the acquisition of 100% of the outstanding shares in Buffalo Battery Metals PTY ("Buffalo or BBM") in an all-share transaction, subject to legal, financial, technical and other due diligence and entry into a legally binding sale and purchase agreement.

Buffalo Battery Metals is a privately owned Australian company focused on the exploration, development, and production of various minerals, including lithium, copper and gold, in Zimbabwe. Formed in 2022, BBM is a relatively new entrant into the African critical minerals sector. BBM provides investors with exposure to a high-growth region on the African Continent with significant untapped potential and is managed by a proven discovery and development team. BBM's management and technical team have a successful track record of bringing mineral projects from discovery through development and into production. BBM is focused on generating positive cash flow from its operations to minimise shareholder dilution with low capital cost and near term cash flow potential.

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The information contained within this announcement is deemed by the Company to constitute inside information for the purposes of Article 11 of The Market Abuse (Amendment) (EU Exit) Regulations 2019 (SI 2019/310). Upon publication of this announcement, this inside information is now considered to be in the public domain.