Company Announcements

16 October 2024

ACG METALS LIMITED

("ACG" or the "Company")

Notification of transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and a Person Closely Associated ("PCA") to a PDMR

Grant of Share Awards and Allotment of Shares to certain Non-Executive Directors

ACG Metals Limited announces that on 16 October 2024, in line with the terms set out in the Re-Admission Prospectus dated 7 August 2024 (the "Prospectus"), it granted awards under the ACG Equity Incentive Plan ("EIP") to the following individuals:

•      Chairman & CEO - Artem Volynets (through his personal service company)

•      CFO - Patrick Henze

The grant of awards for the Chairman (& CEO) and CFO are the first tranche of a one-off performance share award under the rules of the EIP to acquire Class A Ordinary Shares. These awards and the Class A Ordinary Shares will vest in three equal annual tranches on the first, second and third anniversaries of the date of grant, conditional on the continued employment of the CEO and the CFO and subject to the achievement of performance targets. The second tranche of these one-off performance share awards will be granted on a later date, subject to the completion of a further transaction by the Company.

The share awards form part of the Company's strategy to align the interests of senior management with shareholders and to incentivise sustained long-term performance.

In addition, as set out in the in the Prospectus, the Independent Non-Executive Directors (Mark Cutis, Hendrik Johannes Faul, Fiona Paulus, Maarten Terlouw and Mustafa Aksoy), have been allotted and issued Class A Ordinary Shares in recognition of their workload in preparation for the Company's re-admission to trading following the acquisition of the Gediktepe Mine.

Following the grant of the awards of the awards under the EIP and the issue of Class A Ordinary Shares to directors noted above, the interests of the directors in the share capital of the Company will be as follows:

* Vesting subject to satisfaction of performance targets and continued employment

Application will be made for the new Class A Ordinary Shares to be listed on the equity shares (transition category) of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange and a further announcement confirming such admission will be made in due course.

For further information, please contact:

Palatine                              

Communications advisor

Conal Walsh / James Gilheany/ Kelsey Traynor/ Richard Seed

acg@palatine-media.com  

About ACG:

ACG is a company with a vision to consolidate the critical metals industry, starting with the copper sector. Through a series of roll-up acquisitions, ACG intends to become a premier supplier of copper and other critical metals to the western OEM supply chain, with best-in-class ESG and carbon footprint characteristics.

In September 2024, ACG successfully completed the acquisition of the Gediktepe Mine, an operating open pit mine in Türkiye currently producing 34 koz of gold and 361 koz of silver. Gediktepe is expected to transition to primary copper and zinc production from 2026 and will target annual steady-state copper equivalent production of 20-25 kt.

ACG's team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector. The team brings a significant network as well as a commitment to ESG principles and strong corporate governance.

For further information please visit: https://www.acgcorp.co/

A copy of the FCA notification form in respect of vesting of the awards to each PDMR and PCA as required under the EU Market Abuse Regulation and in the prescribed format, is set out below. Notification of a Transaction pursuant to Article 19(3) of the EU Market Abuse Regulation No 596/2014.