Cessation of Proposed Acquisition

Aura Renewable Acquisitions Plc

("Aura" or the "Company")

15 April 2025

This announcement contains inside information for the purposes of Article 7 of the EU Market Abuse Regulation No. 596/2014/EU, which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018, as amended. Upon release via a Regulatory Information Service, this information is in the public domain.

Not for release, publication or distribution in whole or in part, directly or indirectly in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.

Termination of exclusivity with Zero Carbon Technologies Limited

and

Restoration of Trading

Aura, a UK-based company, whose objective is to invest in the global renewable energy sector supply chain and thereby build shareholder value, announced on 9 December 2024 that it had entered into heads of terms (the "Heads of Terms") with Zero Carbon Technologies Limited ("ZCT"), a UK incorporated company with planned battery recycling operations in Europe, which set out the key terms for Aura to acquire 100% of the issued share capital of ZCT ("Proposed Acquisition"). Although those terms were not legally binding, the Heads of Terms did include legally binding provisions, including with regard to exclusive dealing between the parties regarding the Proposed Acquisition.

The Company further announced that should the Proposed Acquisition complete, it would constitute an Initial Transaction under the UK Listing Rules, and accordingly the Company requested the Financial Conduct Authority ("FCA") to suspend the Company's listing on the Equity shares (shell companies) category of the Official List and the trading of its shares on the Main Market of the London Stock Exchange ("Suspension").

Unfortunately, the board of directors of the Company ("Board") has concluded that it would not be in the best interests of the Company's shareholders to pursue the Proposed Acquisition and has given notice to ZCT that the Heads of Terms and the discussions relating to the Proposed Transaction are terminated. Minimal external due diligence costs have been incurred on this potential transaction.

In light of the termination of the Heads of Terms and discussions, the Company has applied to have the Suspension lifted. Trading in the Company's shares is expected to re-commence shortly.

The Board will continue to seek alternative attractive targets and further updates will be provided in due course.

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