BWA Group Plc – Subscription for New Shares by the Chairman

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11
OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

18 February 2026

BWA Group PLC

(«BWA», or the «Company»)

Subscription for New Shares by the Chairman

BWA (AQSE:BWAP), the mining investment company with licences in Cameroon and
Canada, is pleased to announce the subscription for 500,000 ordinary shares of
0.5p each (the «Ordinary Shares»), raising £2,500, by the Company’s Chairman,
Jonathan Wearing (the «Subscription»).

The monies received from the Subscription will be used for general working
capital purposes.

Admission and Total Voting Rights

An application will be made to the Aquis Stock Exchange for the 500,000 new
Ordinary Shares to be admitted to trading on the AQSE Growth Market on or around
24 February 2026 («Admission»). The 500,000 new Ordinary Shares will rank pari
passu with the existing Ordinary Shares.

Following Admission, the enlarged issued share capital of the Company will
consist of 970,765,698 Ordinary Shares, none of which are held in treasury.
Therefore, the total number of voting rights in the Company will be 970,765,698
and from Admission this figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company under the FCA’s
Disclosure Guidance and Transparency Rules.

The Subscription constitutes a related party transaction under the AQSE Growth
Market Access Rules.  The Board has concluded, having exercised reasonable care,
skill and diligence, that the Subscription is fair and reasonable as far as the
shareholders of the Company are concerned.

The new Ordinary Shares issued under the Subscription will be issued and
allotted under the Company’s existing share authorities and following Admission,
Mr Wearing will hold 285,482,528 Ordinary Shares, equivalent to 29.40% of the
enlarged issued share capital of the Company.

For further information on the Company, please visit
www.bwagroupplc.com/index.html or:

BWA Group PLC +44 (0) 7770 225 253

James Butterfield [email protected]

Managing Director
Allenby Capital Limited +44 (0) 20 3328 5656

Aquis Corporate Adviser Nick Harriss/Nick Naylor
Oberon Capital +44 (0) 20 3179 5300

Broker Nick Lovering/Adam Pollock

Director/PDMR transactions

The following notification, made in accordance with the requirements of the UK
Market Abuse Regulation, provide further details of the director and PDMR
dealings by Craig Newman and James Patterson.

1 Details of the person
discharging managerial
responsibilities / person
closely associated
a) Name Jonathan Wearing
2 Reason for the notification
a) Position/status Chairman
b) Initial notification Initial Notification
/Amendment
3 Details of the issuer,
emission allowance market
participant, auction
platform, auctioneer or
auction monitor
a) Name BWA Group plc
b) LEI 213800XG3K7PTAAG8630
4 Details of the
transaction(s): section to be
repeated for (i) each type of
instrument; (ii) each type of
transaction; (iii) each date;
and (iv) each place where
transactions have been
conducted
a) Description of the financial Ordinary shares of
instrument, type of 0.5p each
instrument
ISIN: GB0033877555
Identification code
b) Nature of the transaction Subscription for
Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)

0.5p per Ordinary 500,000
Share
d) Aggregated information n/a – single
transaction
– Aggregated volume

– Price

– Principal amount
e) Date of the transaction 17 February 2026
f) Place of the transaction N/A

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