REG - Central Asia Metals - Initiation of US$10m share buyback programme

Central Asia MetalsAnnouncement

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RNS Number : 6796Y  Central Asia Metals PLC  10 September 2025

10 September 2025

Central Asia Metals PLC

(the 'Group', the 'Company' or 'CAML')

Initiation of US$10 million share buyback programme

Central Asia Metals plc (AIM: CAML) today announces the initiation of a share
buyback programme to purchase Ordinary Shares of US$0.01 each in the Company
for up to a maximum aggregate consideration of US$10 million from the date of
this announcement (the 'Buyback Programme').

Details of the Buyback Programme

The purpose of the Buyback Programme is to reduce the share capital of the
Company and to return capital to those shareholders wishing to participate in
the Buyback Programme.

Purchases pursuant to the Buyback Programme will be conducted in accordance
with the general authority to re-purchase up to 18,190,494 Ordinary Shares
granted by the Company's shareholders at the 2025 annual general meeting and
will be carried out on the London Stock Exchange. All Ordinary Shares
purchased under the Buyback Programme will be purchased within the price
parameters as specified in the relevant shareholder authority, being: (i) the
minimum price that may be paid for each Ordinary Share is the nominal amount
of such share which amount shall be exclusive of expenses, if any; and (ii)
the maximum price (exclusive of expenses) that may be paid for each Ordinary
Share is an amount equal to the higher of: (a) 105% of the average of the
middle market quotations for the Ordinary Shares of the Company (as derived
from the AIM Appendix to the Daily Official List of London Stock Exchange plc)
for the five business days immediately preceding the day on which such share
is contracted to be purchased; and (b) the higher of the price of the last
independent trade and the highest current independent bid on the trading
venues where the market purchases are carried out.

The Company has entered into an agreement with Peel Hunt LLP ('Peel Hunt') to
conduct the Buyback Programme on the Company's behalf, with purchased shares
to be cancelled. Purchases of Ordinary Shares will be made on the Company's
behalf in accordance with the agreement with Peel Hunt and may continue
independently of and uninfluenced by the Company during any closed period to
which the Company is subject and/or if the Company comes into possession of
inside information. Under the agreement, shares may be purchased up to a
maximum aggregate consideration of US$10 million. While the Company has
launched the Buyback Programme, there is no certainty on the volume of
Ordinary Shares that may be purchased or any certainty on the pace and quantum
of purchases.

The Buyback Programme will commence on the date of this announcement and will
continue until 31 March 2026 or until the number of Ordinary Shares equal to
US$10 million have been purchased under the Buyback Programme or the process
is terminated or paused.

Owing to the limited liquidity in the Company's Ordinary Shares, the
repurchases of Ordinary Shares relating to the Buyback Programme on any
trading day may represent a significant portion of the Company's daily trading
volumes. Daily repurchases may exceed 25% of the average daily trading volume
specified in the provisions of the Market Abuse Regulation 596/2014 and the
Commission Delegated Regulation (EU) 2016/1052 (each as in force in the UK by
virtue of the European Union (Withdrawal) Act 2018 and as amended by the
Market Abuse Regulation (Amendment) (EU Exit) Regulations 2019).

Any purchase of Ordinary Shares pursuant to the Buyback Programme will be
announced by the Company by not later than 07.30 on the business day following
the calendar day on which the purchase occurred.

Market abuse regulation

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 (as amended). The person
responsible for making this announcement is Richard Morgan, Investor Relations
Manager.

For further information contact:

 Central Asia Metals                             Tel: +44 (0) 20 7898 9001
 Gavin Ferrar
 CEO
 Louise Wrathall
 CFO
 Richard Morgan                                  richard.morgan@centralasiametals.com
 Investor Relations Manager
 Peel Hunt (Nominated Adviser and Joint Broker)  Tel: +44 (0) 20 7418 8900
 Ross Allister
 David McKeown
 Emily Bhasin
 BMO Capital Markets (Joint Broker)              Tel: +44 (0) 20 7236 1010
 Thomas Rider
 Pascal Lussier Duquette
 BlytheRay (PR Advisers)                         Tel: +44 (0) 20 7138 3204
 Tim Blythe                                      CentralAsiaMetals@BlytheRay.com
 Megan Ray

Note to editors:

Central Asia Metals, an AIM-quoted UK company based in London, owns 100% of
the Kounrad SX-EW copper operation in central Kazakhstan and 100% of the Sasa
zinc-lead mine in North Macedonia. The Company also owns an 80% interest in
CAML Exploration, a subsidiary formed to progress early-stage exploration
opportunities in Kazakhstan, and a 28.4% interest in Aberdeen Minerals Ltd, a
privately-owned UK company focused on the exploration and development of base
metals opportunities in northeast Scotland.

For further information, please visit www.centralasiametals.com and follow
CAML on X at @CamlMetals and on LinkedIn at Central Asia Metals Plc

All references to dollars in this announcement are US dollars unless otherwise
stated.

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