Mr. Matthew Fisher of La Mancha reports

LA MANCHA INVESTMENTS S. À R. L. TO FILE EARLY WARNING REPORT

La Mancha Investments Sarl, a wholly owned subsidiary of La Mancha Resource Fund SCSp, advised by La Mancha Resource Capital LLP, has noted that La Mancha has made an on-market disposal (disposal) of a total of 8,333,333 ordinary shares in the capital of Falcon Energy Materials PLC (TSX Venture Exchange: FLCN), representing approximately 7.3 per cent of the issued and outstanding shares. The sale price was 60 cents per share, for total gross proceeds of approximately $5-million. The disposal was made on Feb. 9, 2026. La Mancha made the disposal for investment management purposes.

Immediately prior to the disposal, La Mancha owned, or exercised control or direction over, 31,609,607 shares, representing approximately 25.4 per cent of the then-issued and outstanding shares. As a result of the disposal, La Mancha now owns or exercises control or direction over an aggregate of 23,276,274 shares, representing approximately 18.1 per cent of the issued and outstanding shares.

Directly or indirectly, La Mancha may, from time to time, acquire additional securities of Falcon or dispose of all or a portion of the shares previously acquired or held, through market transactions, private agreements, treasury issuances or otherwise.

La Mancha has not relied on any exemption from requirements in securities legislation applicable to formal bids for the transaction in connection with the disposals.

La Mancha's registered office is located at 31-33 Ave. Pasteur L-2311, Luxembourg. Falcon's registered office is located at Level 7, Al Maryah Tower, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, United Arab Emirates.

La Mancha intends to file an early warning report containing additional information with respect to the foregoing matters, which will be available under Falcon's SEDAR+ profile and may also be obtained by contacting: Matthew Fisher, general counsel, La Mancha Resource Capital LLP, legal@lamancha.com, 44-20-3960-2020.