Mr. Gilbert Clark reports

MERIDIAN ANNOUNCES NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

On July 9, 2026, Meridian Mining PLC granted the following conditional share awards under the Meridian Mining omnibus incentive plan to the following directors and persons discharging managerial responsibilities (PDMRs). Awards take the form of restricted share units (RSUs), performance share units (PSUs) or deferred share units (DSUs), as explained below.

In calculating the number of shares in the company over which these awards have been granted, the remuneration committee of the company has applied the price of $1.70 (Canadian)/92 pence.

Any shares that vest under the chief executive officer's RSUs or PSUs that are not sold to pay tax and social security liabilities will be subject to a two-year postvesting holding period.

RSUs

The company's remuneration committee has granted RSUs at 50 per cent of salary for the chief executive officer and 37.5 per cent of salary for the chief financial officer.

RSUs will normally vest on the third anniversary of grant conditional upon the relevant individual's continued employment and the committee's determination that the vesting outcome appropriately reflects the company's underlying performance and progress during the relevant vesting period.

PSUs

The committee has granted PSUs at 100 per cent of salary for the chief executive officer and 75 per cent of salary for the chief financial officer.

PSUs will normally vest on the third anniversary of grant conditional upon the relevant individual's continued employment and the committee's determination of performance against a combination of the following measures:

• relative total shareholder return (75 per cent) against a bespoke peer group of similar companies based on development-stage/advanced exploration copper and copper-gold focused businesses;
• Strategic/operational targets (25 per cent).

DSUs

The committee has granted DSUs at 50 per cent of the relevant director's annual fee.

DSUs will normally vest in 12 equal monthly instalments conditional upon the relevant individual's continued engagement. The actual payout or settlement of a DSU is only applicable once a director leaves the board.