Return of Capital Finalisation

Europa Metals Ltd

19 January 2026

 

Europa Metals Ltd

(Incorporated and registered in Australia and registered
as an external company in the Republic of South Africa)

(Registration number 4459850)

(External company registration number 2011/116305/10)

Share code on AIM: EUZ

Share code on the JSE: EUZ

ISIN: AU0000090060

("Europa" or the "Company")

Return of Capital Finalisation and Currency Conversion Rate Announcement

Europa Metals Ltd, ("Europa" or the "Company") advises that following the approval by shareholders of the resolution in respect of the return of capital at the Annual General Meeting held on Friday, 16 January 2026 ("Capital Return"), the Capital Return payment will be made on Friday, 13 February 2026 to those shareholders on the shareholder register as at the relevant record date detailed below.

Shareholders on the Australian register will be paid in Australian dollars and shareholders on the South African register will receive their payment in South African rand converted from Pounds sterling at a rate of GBP1 = ZAR21.99253, being the closing rate of exchange on Friday, 16 January 2026, this being the last practicable date before the release of this announcement.

The board of directors of Europa declared the Capital Return payment to shareholders in the amount of GPB 0.01 per Europa share, which is equivalent to ZAR 0.21993 per Europa share. The Capital Return payment is not subject to dividend withholdings tax as the Capital Return is paid out of capital reserves.

The salient dates of the Capital Return will be as detailed below.

Event	Date
Last day to reposition securities between the Australian, South African and UK registers	Tuesday, 27 January 2026
Last day for trading of Shares on the JSE entitled to Capital Return	Tuesday, 27 January 2026
Trading of Shares on the JSE on an 'ex return of capital' basis	Wednesday, 28 January 2026
Record Date (to determine entitlement to participate in the Capital Return)	Friday, 30 January 2026
Recommencement of repositioning of securities between the Australian, South African and UK registers	Monday, 2 February 2026
Payment Date for Capital Return	Friday, 13 February 2026

Notes

1.   No transfers between the Johannesburg, Australian and London registers, between the commencement of trading on Tuesday, 27 January 2026 and close of business on Friday, 30 January 2026 will be permitted.

2.   No shares may be dematerialised or rematerialised between Wednesday, 28 January 2026 and Friday, 30 January 2026, both days inclusive.

3.   Only the shareholders recorded in the Company's share registers as at the record date are entitled to receive the Capital Return payment.

.

Australian tax implications

The Company has received a draft Class Ruling from the Australian Taxation Office (ATO), which states that, based on the Company's submission, no portion of a Capital Return should be considered a dividend for income tax purposes for Shareholders who hold their shares on capital account for tax purposes and are not subject to the taxation of financial arrangements. Neither the Company nor any Shareholder will be subject to withholding tax. Furthermore, no foreign (outside Australia) shareholder will be subject to any Australian Capital Gains Tax (CGT) by way of the Capital Return.

The draft Class Ruling is not binding on the ATO and may not be relied upon by Shareholders until a final Class Ruling is issued by the ATO. Consistent with usual practice, the final Class Ruling will not be published by the ATO until after the payment date for the Capital Return. When the final Class Ruling is issued by the ATO, it will be published on the ATO's website (https://www.ato.gov.au) and the Company's website.

Shareholders are advised to seek their own professional tax advice in relation to the Capital Return as the tax consequences for each shareholder may vary depending on their individual circumstances.

The information in this announcement does not take into account the individual circumstances of each shareholder and does not constitute tax advice. Accordingly, Shareholders should seek their own professional advice in relation to their tax position.

In particular, Shareholders who are not residents of Australia for tax purposes or do not hold their shares on capital account should seek specific advice in relation to the taxation consequences of the Capital Return in their circumstances, including those arising under the laws of their country of residence.

Defined terms used in this announcement have the same meanings as those ascribed to them in the Notice and/or Explanatory Statement unless the context requires otherwise.

For further information on the Company or to ask any questions in relation to the Annual General Meeting, please visit www.europametals.com or contact:

Europa Metals Ltd

Dan Smith, Non-Executive Director and Company Secretary (Australia)

T: [phone]

E: [e-mail]

Myles Campion, Executive Chairman and acting CEO (UK)

E: [e-mail]

Beaumont Cornish (Nominated Adviser/Broker)

James Biddle/Roland Cornish

T: [phone]

Questco Corporate Advisory Proprietary Limited (JSE Sponsor)

Amanda Mahlunge

T: [phone]

19 January 2026

Europa Metals Ltd is a company incorporated in Australia and limited by shares which are publicly traded on the AIM market of the London Stock Exchange (primary listing - trading currently suspended) and the AltX of the Johannesburg Stock Exchange (secondary listing).

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

Market Abuse Regulation (MAR) Disclosure

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulations (EU) No. 596/2014 which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR').

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

 

END