Tirupati Graphite Responds to the Letter from Walpole St. Andrews Nominees

Tirupati Graphite plc is a United Kingdom-based specialist graphite producer and a supplier of the critical mineral for a decarbonized economy and the energy transition. The Company places an emphasis on green applications, including renewable energy, e-mobility, energy storage and thermal management. Its operations include primary mining and processing in Madagascar where it operates two key projects, Sahamamy and Vatomina with a combined 30,000 tons per annum of installed capacity, producing high-quality flake graphite concentrate with up to 97% purity. Its Madagascar projects are both fully permitted with environment clearance granted and a 40 years renewable mining permit covering a total permit area of over 33 square kilometers. It also holds two advanced stage, world class, natural graphite projects in Mozambique: Montepuez project and Balama Central project. The Montepuez project and Balama Central project are fully permitted to produce 158,000 tons per annum of flake graphite.