Completion of approx $120 million Entitlement Offer

• KGL Resources completed a $120M entitlement offer
• Offer price was $0.20 per share
• KMP Investments pre-committed to full entitlement
• Shortfall shares allocated to KMP
• Equity raising totals $300M with shareholder approval

KGL Resources Limited (ASX:KGL) has completed its 1 for 1.29 non-renounceable entitlement offer, raising approximately $120 million at an offer price of $0.20 per share. The offer closed on July 22, 2026, and was part of a larger equity raising of approximately $300 million, which includes a conditional placement of $180 million pending shareholder approval. KGL's largest shareholder, KMP Investments, has supported the offer by pre-committing to take up its full entitlement, increasing its shareholding to 36.2%. The remaining shortfall shares will be allocated under a shortfall offer, with KMP receiving approximately 41 million shares. New shares are expected to be issued on July 28, 2026, and commence trading on July 29, 2026.

KGL Resources aims to raise approximately $300M through its equity raising.

KGL Resources expects to complete the equity raising pending shareholder approval and anticipates the new shares to commence trading on July 29, 2026.