4 September 2023

Beowulf Mining Plc

("Beowulf" or the "Company")

Grafintec Strategy Update

Beowulf (AIM: BEM; Spotlight: BEO), is pleased to provide an update on its wholly owned Finnish subsidiary, Grafintec Oy ("Grafintec"), where it is implementing a two-phased strategy to create a graphite processing facility and extract graphite from its own mining projects, thus positioning Grafintec as a leading player in the European graphite material supply chain.

Hub for anode materials

Anodes, manufactured from graphite, are a key component of batteries, therefore making