28 March 2025

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Amendment of the rights of Warrants

The Company is on today's date, 28 March 2025, sending letters to holders of the following warrants seeking their approval for certain amendments to be made to the rights of those warrants, which were granted at the time the Company was admitted to listing on the Official List of the Financial Conduct Authority and its shares to trading on the Main Market for listed securities of the London Stock Exchange:

10,500,000 Aura Freely Transferable Warrants 2022;

180,000 Aura Broker Warrants 2022;

1,050,000 Aura Directors' Warrants 2022; and

1,050,000 Aura Founder Warrants 2022.

each constituted by a warrant instrument executed as a deed poll on 5 April 2022 (together, "the Warrants").

Proposed amendments to the rights of the Warrants

The proposed amendments to the rights of the Warrants would result in:

(a) the rights of the Aura Freely Transferable Warrants 2022 and of the Aura Broker Warrants 2022 being amended so as to:

(b) the rights of the Aura Directors' Warrants 2022 being amended, so as to reduce the Exercise Price of the Warrants from 15 pence (£0.15) to 10 pence (£0.10) per Share subscribed for; and

(c)  the rights of the Aura Founder Warrants 2022 being amended, so that the conditions to vesting will be:

the price in (ii) currently being £0.15 per share.

The amendment to the rights of each class of Warrants requires the written prior approval of Warrant holders holding outstanding Warrants representing not less than 75 per cent. in number of the shares subject to the outstanding Warrants of that class. The directors consider the amendments to be fair and reasonable for the Warrant holders and the shareholders of the Company, and have recommended the Warrant holders to approve them.

Copies of the current forms of the Warrant instruments can be viewed on the Company's website at https://aurarenewables.com. An announcement relating to the amendments becoming effective will released by the Company via RNS.

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