Announcement • Feb 19

Hummingbird Resources Shares to Cancel from AIM Effective March 03

On 16 December 2024, the boards of each of Nioko Resources Corporation and Hummingbird Resources PLC announced that they had reached agreement on the terms of a recommended all cash offer to be made by Nioko for the entire issued and to be issued share capital of Hummingbird not already owned, or agreed to be acquired, by Nioko (the Offer). The Offer remains open for acceptance by Hummingbird Shareholders. Nioko shall, at the appropriate time, give Hummingbird Shareholders 14 calendar days' notice of the Closing Date by way of announcement. As previously communicated to Hummingbird Shareholders, Hummingbird has made an application to the London Stock Exchange for the cancellation of the admission to trading of Hummingbird Shares on AIM (the Cancellation). As set out in Hummingbird's announcement on 31 January 2025, Cancellation is expected to take effect on or shortly after 7.00 a.m. on 3 March 2025 and, accordingly, the final day of trading on AIM of Hummingbird Shares will be on 28 February 2025. As soon as possible after the Cancellation, it is intended that Hummingbird will be re-registered as a private limited company. If Hummingbird Shareholders do not accept the Offer prior to Cancellation, then following the Cancellation and re-registration of Hummingbird as a private limited company, Hummingbird Shares would no longer be tradeable on AIM and liquidity in, and marketability of, such Hummingbird Shares would be extremely limited, and holdings of the Hummingbird Shares would be difficult to value and to trade. This is particularly the case given there is no intention to put in place a match bargain trading facility. Hummingbird Shareholders are therefore reminded of the Independent Hummingbird Directors' recommendation that all Hummingbird Shareholders accept the Offer prior to the Closing Date.

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