Director's Loan Extension

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 UNION (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.

20 June 2025

NARF INDUSTRIES PLC

("Narf", the "Company", or the "Group")

Director's Loan Extension

Narf Industries plc (LSE: NARF), a leading U.S.-based cybersecurity group specialising in advanced threat intelligence and software system security, is pleased to announce an extension to its unsecured Invoice Financing Facility Agreement (the "Facility") with the Company's Chief Executive Officer, Steve Bassi (see RNS dated 12 April 2023).

The Facility, which was previously extended to expire on 31 July 2025 (see RNS dated 31 July 2024), and later increased from US$2.5 million to US$3 million (see RNS dated 30 December 2024), has been extended by a further year to 31 July 2026. The Facility remains capped at US$3 million and a current principal amount outstanding of US$2.8 million.

The Board considers the Facility, which bear interest linked to the prevailing US Federal Reserve rate (currently 4.5 per cent per annum) to be financially more favourable to the Group than alternative financing options currently available. Funds advanced under the Facility will continue to support the cash flow management of the Company's subsidiaries, Narf Industries PR LLC, and Narf Industries LLC (together, the "Operating Subsidiaries"), in addressing timing mismatches on certain receivables.

The Company's current financial forecasts indicate significant repayments will be made during the extended term. In addition, management remains confident that sufficient capital is in place to support planned operations, including the upcoming launch of Narf's Software-as-a-Service ("SaaS") Social Cyber solution, on which a further update will be provided soon.

The Facility allows for early repayments without penalty and provides flexibility to reborrow any repaid amounts, subject to the overall cap.

Steve Bassi did not take part in any Board's discussions or deliberations on the terms of the Facility and did not attend any part of the Board meetings at which such discussions and deliberations took place.

ENDS

For further information visit www.narfgroup.com or contact:

About NARF Industries plc

Narf Industries (LSE: NARF) is a U.S. based leading provider of cybersecurity research, solutions, and services to government entities. With a steadfast commitment to protecting national security and critical infrastructure, it offers comprehensive expertise in addressing the evolving cyber threats faced by its clients.

Important Notice

The content of this announcement has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (FSMA). This announcement has been issued by and is the sole responsibility of the Company. The information in this announcement is subject to change. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act), and may not be offered or sold, directly or indirectly, in or into the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States. This announcement is not for release, publication, or distribution, directly or indirectly, in or into the United States, Australia, Canada, the Republic of South Africa, Japan or any jurisdiction where to do so might constitute a violation of local securities laws or regulations (a Prohibited Jurisdiction). This announcement and the information contained herein are not for release, publication, or distribution, directly or indirectly, to persons in a Prohibited Jurisdiction unless permitted pursuant to an exemption under the relevant local law or regulation in any such jurisdiction.