LLOYDSME : APPROVES $130 MN SENIOR SECURED NOTES ISSUE

• Aggregate principal up to USD 130 million via 1,300 senior secured notes • Private placement under Regulation S of the US Securities Act; notes to be unlisted • Tenure 3 years; allotment 29 October 2026, maturity 29 October 2029 • Coupon at SOFR + 450 bps, payable quarterly; principal repayment on bullet basis • Secured by first ranking pledge over 49% of Virtus Lloyds shares by Lloyds Global Resources FZCO and second ranking charge on movable fixed assets of the BHQ Plant Impact: Neutral (Adds $130 mn of three-year offshore secured debt; security package includes a 49% Virtus Lloyds share pledge and BHQ Plant asset charge)

Lloyds Metals and Energy Ltd

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