MC MINING LIMITED DISCLOSURECurrent Reports (8-K / ad hoc)

CEO Handover and Interim CEO Appointment

ANNOUNCEMENT 28 July 2026 RESIGNATION OF MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER AND APPOINTMENT OF INTERIM CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR MC Mining Limited (MC Mining or the Company) advises shareholders and other stakeholders that Ms Yi (Christine) He has resigned as Managing Director and Chief Executive Officer of the Company with effect from 29 July 2026. Ms He will remain on the Board and will continue to serve the Company as a Non-Executive Director from that date. The Board has appointed the Chairman, Mr Jianheng (Albert) Deng, as Interim Chief Executive Officer and Managing Director, with effect from 29 July 2026, pending the appointment of a substantive Chief Executive Officer. Mr Deng will not receive any additional remuneration for assuming the role of Interim Chief Executive Officer and Managing Director. He will continue to be paid in accordance with his existing arrangements as Non-Executive Chairman for the duration of the interim period Ms He's decision follows the successful conclusion of the controlling investment in the Company by Kinetic Development Group (KDG), the current on going commissioning of the flagship Makhado hard coking coal project and the Company's strategic transition from an exploration and development group into an operating coal producer. With this transition substantially complete, Ms He and the Board consider this an appropriate time to transition executive leadership. Key milestones during Ms He's tenure Ms He was appointed Interim Managing Director and Chief Executive Officer on 1 July 2024 and was appointed to those offices on a substantive basis with effect from 1 October 2025. A longstanding significant shareholder in the Company, she led the business through a period of profound change. Key milestones achieved during her tenure include: • Transformational recapitalisation. Securing and implementing the transformational investment by KDG under the Share Subscription Agreement (entered into in August 2024), including the First Closing on 30 August 2024, receipt of South African Competition Commission merger clearance in December 2024, and completion of the staged Second Closings under which a KDG subsidiary became the Company's controlling shareholder with 51% in April 2026 — recapitalising the Company and underwriting the funding of its growth plan. • Commissioning