Akobo Minerals AB (publ) - New share capital registered

06 Oct 2025 13:34 CEST

Reference is made to the stock exchange announcement made by Akobo Minerals AB
(publ) (the "Company") on 23 September 2025 regarding conversion of convertible
loans of NOK 25.5 million and NOK 11 million (divided on NOK 10.2 million and
EUR 100,000) (the "Conversion"). The subscription price has been NOK 1.74 (USD
0.17) per new share in the NOK 25.5 convertible loan and NOK 1.43 (USD 0.14) per
new share in the NOK 11 million convertible loan. The subscription prices have
been decided based on the terms of the convertible loan agreements, including
the subscription price in the directed share issue to Ethiopian Investment
Holdings as announced on 11 August 2025.

The share capital increase pertaining to the issuance of the new shares in
connection with the Conversion has now been registered with the Swedish
Companies Registration Office. The Company's new share capital is SEK
8,528,873.045273 divided on 229,517,992 shares, each with a par value of SEK
0.04. The shares are validly issued and fully paid up.

For more information, please contact:

Jørgen Evjen, CEO, Akobo Minerals

Mob: (+47) 92 80 40 14

Mail: jorgen@akobominerals.com

LinkedIn: www.linkedin.com/company/akobominerals

Web: www.akobominerals.com

About Akobo Minerals

Akobo Minerals is a Scandinavian-based gold producer, currently holding an
exploration license covering 182 km2 and a mining license covering 16 km2 in the
Gambela region and Dima Woreda, Ethiopia. With over 15 years of active
operations on the ground, the company has established a strong foothold in
Ethiopian mining industry. Akobo Minerals' Segele mine has an Inferred and
Indicated Mineral Resource of 68,000 ounces, yielding a world-class gold grade
of 22.7 g/ton The mineralized zone remains open at depth, supporting future
resource estimates and extending the mine's life. The exploration license holds
numerous promising exploration resource-building prospects in both the vicinity
of Segele and in the wider license area. Akobo Minerals maintains strong
relationships with local communities and government authorities, placing ESG
principles at the core of its operations. The company's commitment to sound
ethics, transparency, and stakeholder engagement is evident through its industry
-leading extended shared value program. Akobo Minerals is ready to take on new
opportunities and ventures as they arise. The company is uniquely positioned to
become a major player in the future development of the very promising Ethiopian
mining industry. The company is headquartered in Oslo and is publicly listed on
the Euronext Growth Oslo Exchange and the Frankfurt Stock Exchange under the
ticker symbol AKOBO. For US investors, Akobo Minerals (OTC: AKOBF) is traded on
the OTC Pink Market. Akobo Minerals places great emphasis on meeting and
exceeding industry standards, fully complying with all aspects of the JORC code,
2012. For detailed information on their adherence to this code, please refer to
https://www.jorc.org/.

More information:
Access the news on Oslo Bors NewsWeb site