REG — RC Fornax plc — £350k Contract Win and Funding Update

For best results when printing this announcement, please click on link below: RNS Number: 0629W RC Fornax plc 24 September 2026 24th September 2026 RC FORNAX PLC (“RC Fornax” or the “Company”) £350k Contract Win and Funding and Capital Allocation Update RC Fornax (AIM:RCFX), the UK-based consultancy delivering outcome-based engineering solutions to the defence sector's most critical platforms, is pleased to announce that it has secured a second contract through the Public Sector Resourcing framework (the “PSR Framework”) with a total value of approximately £350,000.

The formal purchase order has been received and will see RC Fornax provide Project Management Office support to a UK Government client for an initial period of six months. Furthermore, the Board currently expects, subject to RC Fornax performance under the contract and PSR budget allocation, that the contract will be extended for an additional six months. Should such an extension be granted, the contract would generate the Company, in aggregate, revenue of between £650k - £700k. 0 million selection through the PSR Framework, which remains on track for delivery as planned.

The traction with the PSR Framework with such a short space of time demonstrates its effectiveness as a route to accessing new government business, and further evidences the increasing levels of demand for RC Fornax’s specialist capabilities. 1 million of secured, anticipated and selected revenue for FY27, and continues to develop a strong pipeline of opportunities with a focus on delivering sustainable, profitable growth. Funding and Capital Allocation Update As announced on 18 September 2026, the Board has commenced a process of evaluating the optimal funding structures for different parts of the Group.

Although this assessment remains ongoing, the Board can confirm that: * it is not assessing an equity fundraising for RC Fornax plc as part of this solution, in line with its focus on minimising dilution for existing shareholders; * it does not currently expect there to be a need for additional funding for the core business (being the Output-based Engineering Services and People divisions) as the Company progresses towards cash generation on a monthly basis, although a working capital debt facility remains in consideration given the pace of growth; and * any future funding for SME Procure, to be determined alongside evidence of commercial transaction, will be undertaken directly through SME Procure Ltd, a wholly owned subsidiary of RC Fornax plc.

The Company will provide further updates in due course as appropriate. 0 million selection. “This latest award demonstrates the effectiveness of PSR as a route for RC Fornax to access and win new government business, and provides further evidence of the opportunities available to the Group through this framework. 1 million of secured, anticipated and selected revenue entering FY27.

“We continue to see a meaningful pipeline of opportunities through PSR and are focused on converting that demand into sustainable, profitable growth. uk Strand Hanson Limited (Nominated Adviser) +44 (0) 20 7409 3494 Christopher Raggett Rob Patrick Harry Marshall Cavendish Capital Markets Limited (Broker) +44 (0) 20 7220 0500 Stephen Keys / George Lawson — Corporate Finance Dale Bellis / Harriet Ward — Sales and ECM (Corporate Sales) BlytheRay (Financial PR & IR) +44 (0) 20 7138 3204 Megan Ray Said Izagaren Notes to Editors RC Fornax PLC is an AIM-quoted company providing outcome-based engineering solutions to the UK defence industry.

It was founded in 2021 by RAF veterans Paul Reeves and Daniel Clark who, having also worked for a number of years as defence contractors, are passionate about improving project efficiencies and driving value for money in the sector. Web: X: @RFornax LinkedIn: RC Fornax MAR The information contained within this announcement is considered by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"), and the UK version of MAR which is part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

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