Corcel PLC's Executive Chairman, Antoine Karam, has indirect interests in Extraction Srl and Extractions Premium & Mining Ltd, holding a significant number of ordinary shares, warrants, and convertible loan notes. These companies, formed in 2023, are investment firms focused on the natural resources sector. In light of Mr. Karam's position on Corcel's board, he will recuse himself from any decisions related to dealings in Corcel's shares, warrants, or loan notes. Mr. Colangelo, as a director of EPM, will solely handle such matters. The company clarifies that decisions by Extraction Srl can be made solely by Mr. Colangelo.