Board Change

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

10 February 2026

Amigo Holdings PLC

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

Board Change

Amigo (LSE: AMGO) announces that Jim McColl has resigned as non-executive director of the Company with immediate effect.

In connection with his resignation, Jim has also stepped down as the Co-Chair of the Nomination and Remuneration Committee.

Jim McColl said: 

"I joined Amigo because I saw an opportunity to help stabilise the business and support the Board in reversing its fortunes. Over the last two years we have overcome many significant hurdles to preserve the Company and reposition it for the future.

I have enjoyed working with the team at Amigo and know that I leave Amigo in a much stronger position than when I joined. I feel now is the appropriate time for me to step down from the Board."

Craig Ransley, Executive Chairman commented: 

"Jim initially joined Amigo as a consultant and later as a director at a particularly challenging period for the Company. He was able to attract some new equity at that time, which played a critical role in maintaining the solvency and life of Amigo. 

He has made an important contribution to Amigo assessing reverse takeover opportunities while its legacy lending business was being wound down. That process is now complete, and the Company has established a strategic focus on mining, with initial exploration activity underway in Tanzania.

On behalf of the Board, I would like to thank Jim for his insight, commitment, and support. We recognise that his primary focus is now on the launch and development of Alba Bank and associated financial services initiatives, and we wish him every success in those endeavours."

Following Mr McColl's resignation, the Board comprises four directors, consisting of two executive directors (including the Executive Chairman) and two independent non-executive directors.

Amigo remains mindful of its obligations under the UK Corporate Governance Code to maintain an appropriate balance of skills, experience, independence, and knowledge on the Board and its committees, and will keep Board composition under ongoing review.

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.