Majestic Corporation - Share Subscription, Board Change and FY24 Results

2 June 2025

Majestic Corporation P.L.C.

(the "Company" or "Majestic")

Share Subscription of £171,200, Board Change and Announcement of Results for FY24

Majestic Corporation Plc (AQSE:MCJ), a sustainable circular economy solutions provider specialising in recycling and non-ferrous metals, is pleased to announce the successful subscription of 214,002 new ordinary shares of 0.5p each in the Company at 80p per share,  raising gross proceeds of £171,200 (the "Subscription"). The Subscription shares represents 1.06% of the enlarged share capital of the Company. The net proceeds will be used to strengthen working capital and support the Company's growth plans.

The Company also announces the resignation of Andrew Male as a Non-Executive director with immediate effect as he steps down to pursue other business interests. The Board would like to take this opportunity to thank Andrew Male for his valuable contribution and wishes him success in his future endeavours.

The Company previously announced on 6 May 2025 that it anticipated publishing its FY24 audited results by 30 May 2025. The Company now expected to announce its FY24 audited results by 30 June 2025 in line with its regulatory requirements.

Total Voting Rights

Application has been made for the admission of the 214,002 Subscription shares to trading on the Aquis Growth Market ("Admission"), which is expected to take place on or around 5 June 2025.

Conditional on Admission of the 214,002 new ordinary shares, the Company's issued ordinary share capital will be 20,214,002 Ordinary Shares. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Peter Lai, CEO and founder of Majestic, commented:

"We are delighted to have raised additional working capital by way of a subscription from new shareholders. On behalf of the Board, I extend our thanks to Andrew Male for his support and wish him all the best with his future ventures."

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For further information, please visit www.majestic-corp.com, or contact:

About Majestic Corporation P.L.C.

Majestic Corporation P.L.C. is an emerging leader in sustainable circular economy solutions, specialising in recycling and recovering precious and base metals from everyday materials such as electronics, catalytic converters, and solar and battery materials. The company serves some of the world's largest brands, including Original Equipment Manufacturers (OEMs), blue-chip multinational corporations, financial and leasing businesses, and state and federal governments.

Through its subsidiaries and affiliate companies in strategically located regions, including Europe, North America, and Asia (ex. China), Majestic procures, processes, and ships e-waste to smelter and refinery partners who extract precious and base metals for re-entry into global supply chains.

Majestic and its network's areas of focus include catalytic converters, printed circuit boards, solar panels, battery materials, precious metals recovery, and non-ferrous metals.

As Majestic continues to expand its footprint as a circular economy solutions provider, it remains committed to making a positive environmental impact, adhering to ESG values, and driving its business model through immediate and short-cycle cash flow, which strengthens the Company's performance and sustainability.