Announcement PDF RNS Number : 5830E First Class Metals PLC 30 June 2023 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN . The Board of First Class Metals PLC announces that the Company has received the following TR-1 notification which is set out below without amendment. A copy of this announcement is available on the Company's website at: www.firstclassmetalsplc.com TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i 1a. Identity of the issuer or the underlying issuer of First Class Metals PLC existing shares to which voting rights are attachedii: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) 2. Reason for the notification (please mark the appropriate box or boxes with an "X") An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights X Other (please specify)iii: 3. Details of person subject to the notification obligationiv Name Power Metal Resources PLC City and country of registered office (if applicable) London, England 4. Full name of shareholder(s) (if different from 3.)v Name Power Metal Resources PLC Power Metal Resources Canada Inc City and country of registered office (if applicable) London England Vancouver Canada 5. Date on which the threshold was crossed or reachedvi: 6. Date on which issuer notified (DD/MM/YYYY): 30.06.23 30.06.23 7. Total positions of person(s) subject to the notification obligation % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) % of voting rights attached to shares (total of 8. A) Total of both in % (8.A + 8.B) Total number of voting 81,886,294 Resulting situation on the date on which threshold was crossed or reached 23.24% 23.24% Position of previous notification (if applicable) 25.93% 25.93% rights of issuervii 8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii A: Voting rights attached to shares Class/type of shares ISIN code (if possible) Number of voting rightsix GB00BPJGTF16 1,035,410 Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) SUBTOTAL 8. A % of voting rights Indirect Direct Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) (Art 9 of Directive 2004/109/EC) (DTR5.1) (Art 10 of Directive 2004/109/EC) (DTR5.2.1) 17,998,392 1.26% 21.98% 19,033,802 23.24% B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Type of financial instrument Expiration datex Exercise/ Conversion Periodxi Number of voting rights that may be acquired if the instrument is exercised/converted. % of voting rights SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Exercise/ Physical or Type of Expiration Number of Conversion cash financial % of voting rights x voting rights date instrument Period xi settlementxii SUBTOTAL 8.B.2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii X Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) Namexv % of voting rights if it equals or is higher than the notifiable threshold Power Metal Resources PLC ("POW") Including POW 100% owned subsidiary: Power Metal Resources Canada Inc % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold 23.24% 23.24% 21.98% 21.98% 10. In case of proxy voting, please identify: Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional informationxvi Place of completion London, England Date of completion 30.03.2023 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. 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