Issue of Settlement Shares and TVR

30 June 2025

Harvest Minerals Limited

("Harvest" or the "Company")

Issue of Settlement Shares and TVR

Harvest Minerals Limited, the AIM listed organic fertilizer producer, is pleased to announce the settlement of c. £342,000 of director / company secretary fees, through the issue of, in aggregate, 114,000,000 new ordinary shares of no par value at a price of 0.3p ("Issue Price") (the "Equity Issue"). The Equity Issue shares will be subject to a hard lock-in for six months from the date of Admission. The Issue Price is the same as the price at which the Company's fundraise as announced on 23 June 2025 was undertaken, and approximately equal to the current market price.

Issue of Settlement Shares

The Equity Issue of 114,000,000 new Ordinary Shares is to three of the four Board members, and to Palisade Business Consulting (which provides the Company with accounting and company secretary services) as settlement for all fees outstanding to the various parties up until 30 June 2025. As has been previously disclosed, Jack James is a director and shareholder of Palisade Business Consulting:

Following the issue of the Settlement Shares, the Directors holdings will be as below:

Related Party Transaction

The issue of the Settlement Shares constitutes a related party transaction under AIM Rule 13 of the AIM Rules for Companies. Alex Penha, as the independent director of the Company for the purposes of this transaction, considers, having consulted with the Company's Nominated Adviser, that the terms of the issue of the Settlement Shares are fair and reasonable insofar as the Company's shareholders are concerned.

 Application to trading on AIM

The Equity Issue is conditional on Admission. Application will be made to the London Stock Exchange for the 114,000,000 new Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the new Ordinary Shares will commence at 8.00 a.m. on 4 July 2025 ("Admission").

Total Voting Rights

Following the Equity Issue, the total issued share capital of the Company will consist of 503,169,217 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares. 

On Admission, the abovementioned figure of 503,169,217 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Harvest under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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