Appointment of Broker

Summary by AI ^BETAClose X

Anglo Asian Mining PLC has appointed Peel Hunt LLP as its new Corporate Broker, effective immediately, while S P Angel will continue as the Nominated Advisor. The company, which produced 7,915 tonnes of copper and 25,061 ounces of gold in 2025, is focused on transitioning to a mid-tier copper and gold producer by 2030, with copper projected to be the principal product. This strategic growth plan includes bringing three new mines into production between 2027 and 2030.

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Anglo Asian Mining PLC

13 March 2026

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Appointment of Broker

Anglo Asian Mining PLC ("Anglo Asian" or the "Company"), the AIM listed gold, copper and silver producer primarily focused on Azerbaijan, is pleased to announce the appointment of Peel Hunt LLP as the Company's Corporate Broker with immediate effect. S P Angel will remain as the Company's Nominated Advisor.

For further information please contact:

Anglo Asian Mining plc
Reza Vaziri, Chief Executive Officer	Tel: +994 12 596 3350
Bill Morgan, Chief Financial Officer	Tel: +994 502 910 400
Stephen Westhead, Vice President	Tel: +994 502 916 894
Amir Vaziri, Chief Business Development Officer	Tel: +1 (301) 332 9938
Peel Hunt LLP (Broker) Ross Allister David McKeown Emily Bhasin	Tel: +44 (0) 20 7418 8900
SP Angel Corporate Finance LLP (Nominated Adviser) Ewan Leggat Adam Cowl	Tel: +44 (0) 20 3470 0470

Hudson Sandler (Financial PR) Charlie Jack Harry Griffiths	Tel: +44 (0) 20 7796 4133

About Anglo Asian Mining

Anglo Asian Mining plc (AIM:AAZ) is a copper and gold producer with a high-quality portfolio of production and exploration assets in Azerbaijan. The Company produced 7,915 tonnes of copper and 25,061 ounces of gold for the year ended 31 December 2025.

The Company's strategic plan for growth shows a clearly defined path for the Company to transition to a multi-asset, mid-tier, copper and gold producer by 2030, by which time copper will be the principal product of the Company, with forecast annual production of around 50,000 to 55,000 tonnes of copper. It plans to achieve this growth by bringing into production three new mines during the period 2027 to 2030 at Xarxar, Garadag and Zafar, in addition to the newly opened Gilar and Demirli mines. Production commenced at the Gilar mine in May 2025 and Demirli in July 2025. https://www.angloasianmining.com/

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