REG-Bisichi Plc: Related Party Transaction

BisichiAnnouncement

03/04/2024 17:30

4 April 2024

Bisichi PLC
("the Company" or "Bisichi")

Related Party Transaction

Bisichi announces that, as part of its ongoing treasury management, the
Company has made an investment of US$2,000,000 (Investment) into the Drakewood
Resource Investments Offshore Sub-Fund (Fund), being a fund managed by
Drakewood Pioneer Fund Limited (Fund Manager). The Fund invests in equity and
debt instruments of entities operating in the metals and mining sectors across
various markets and geographic regions and participating in commodity-related
resource value chain.

Mr John Wong, a non-executive director of the Company, is engaged by the Fund
Manager and has a material interest in the Fund. As such, the Investment is a
material related party transaction for the purposes of the Disclosure Guidance
and Transparency Rules (DTRs). In accordance with the Listing Rules and DTRs,
the Company is required to publish this announcement setting out certain
details of the Investment.

The Investment was made on 1 April 2024 and is part of the Company's ongoing
strategy to generate value from its cash reserves and its overall strategic
objective to generate long term shareholder value. The investment represented
3.14% of the Company's gross assets as at 31 December 2022. The Investment was
made on an arms' length basis on terms available to any investor eligible to
invest in the Fund and, in accordance with the DTRs and the Company's articles
of association, Mr Wong did not take part in the board's consideration of the
Investment and did not vote on the decision to make the Investment. The
Directors, other than Mr Wong who did not take part in the consideration of
the Investment, consider that the Investment is fair and reasonable from the
perspective of the Company and shareholders.

For further information, please call:

Garrett Casey

Bisichi PLC

020 7415 5030



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