Holding(s) in Company

/EIN News/ -- For immediate release

15 April 2025

Serabi Gold plc
("Serabi" or the "Company")
Holding(s) in Company

The Board of Serabi announces that the Company has received the following TR-1 notification which is set out below.

Enquiries:

Serabi Gold plc
Michael Hodgson	Tel: +44 (0)20 7246 6830
Chief Executive	Mobile: +44 (0)7799 473621
Andrew Khov
Vice President, Investor Relations & Business Development	Mobile +1 647 885 4874
Email: contact@serabigold.com
Website: www.serabigold.com
Beaumont Cornish Limited Nominated Adviser and Financial Adviser
Roland Cornish / Michael Cornish	Tel: +44 (0)20 7628 3396
Peel Hunt LLP Joint UK Broker
Ross Allister	Tel: +44 (0)20 7418 9000
Tamesis Partners LLP Joint UK Broker
Charlie Bendon / Richard Greenfield	Tel: +44 (0)20 3882 2868
Camarco         Financial PR - Europe
Gordon Poole / Emily Hall	Tel: +44(0) 20 3757 4980
Harbor Access Financial PR – North America
Jonathan Patterson / Lisa Micali	Tel: +1 475 477 9404

Copies of this announcement are available from the Company's website at www.serabigold.com.

Neither the London Stock Exchange, the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this announcement.

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)
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:			Serabi Gold plc
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer
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
Other (please specify) iii:
3. Details of person subject to the notification obligation iv
Name			Classe Roca Magma Multiestrategia Responsabilidade Limitada do SSF IV Coinvestmento I Fundo de Investimento em Participações
City and country of registered office (if applicable)			Rio de Janeiro, Brazil
4. Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached vi:			12/04/2025
6. Date on which issuer notified (DD/MM/YYYY):			14/04/2025
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached	19.99%	0.00		19.99%	15,146,902
Position of previous notification (if applicable)	0.00	0.00		0.00

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights ix					% of voting rights
		Direct (DTR5.1)		Indirect (DTR5.2.1)			Direct (DTR5.1)		Indirect (DTR5.2.1)
Ordinary shares (GB00BG5NDX91)		15,146,902					19.99%
SUBTOTAL 8. A		15,146,902					19.99%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument		Expiration date x	Exercise/ Conversion Period xi			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 DTR5.3.1R (1) (b)
Type of financial instrument	Expiration date x		Exercise/ Conversion Period xi		Physical or cash Settlement xii			Number of voting rights	% of voting rights
					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) issuer xiii
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 entity (please add additional rows as necessary) xiv				X
Name xv	% of voting rights if it equals or is higher than the notifiable threshold	% 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
Classe A Multiestratégia Responsabilidade Limitada do Starboard Special Situations IV Fundo de Investimento em Participações	19.99%		19.99%
Classe A Multimercado Crédito Privado Longo Prazo Investimento no Exterior Responsabilidade Limitada do Starboard Special Situations IV Fundo de Investimento Financeiro
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 information xvi
(1) The person named in section 3 above (the "Fund") entered into a legally binding unconditional share purchase agreement on 12 April 2025 (the "SPA") to acquire the shares/voting rights referenced in section 8.A above. Completion of the acquisition is expected to occur on the twentieth calendar day following the execution of the SPA (or such date as the parties thereto may agree) pursuant to the terms thereof. This notification is being submitted to the issuer within two trading days from the date of the SPA in accordance with DTR 5.1.1R(4), notwithstanding that the relevant voting rights will remain with the seller until completion. (2) The Fund is an investment fund registered in Brazil and managed by Starboard Asset Ltda. (the "Fund Manager"). The Fund Manager has discretion to vote the shares registered in the name of the Fund, and as such is an indirect holder of shares for the purposes of the definition of shareholder pursuant to DTR 5.2.1R(h), DTR 5.2.2G(4) and DTR 5.2.3G. On that basis, this notification is submitted on behalf of both the Fund and the Fund Manager pursuant to DTR 5.2.5R(2) and DTR 5.8.4R(4).

Place of completion	Rio de Janeiro, Brazil
Date of completion	14/04/2025