Investor Presentaiton

> Disclaimer This document ("Presentation") has been prepared by First Tin plc a public limited company incorporated and registered in England and Wales under company number 07931518 "Company"). This Presentation (along with the accompanying verbal presentation) and the information contained in it is solely the responsibility of the Company. This Presentation and its contents are confidential. This Presentation is being supplied to you solely for your information and may not be copied, reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose. This Presentation does not comprise an admission document, listing particulars or a prospectus relating to the Company and the information contained in, and communicated to you during, this Presentation does not constitute, or form part of, and should not be construed as, an offer or invitation or other solicitation or recommendation to purchase or subscribe for Ordinary Shares. Each recipient of the Presentation should make its own independent investigation and assessment of the merits or otherwise of the Company, the Presentation and the Ordinary Shares and should take its own independent professional advice. The information set out herein may be subject to updating, completion, revision and amendment and such information may change materially. None of the Company, Arlington Group Asset Management Limited ("AGAM"), or any of their respective advisers nor any other person, representative or employee undertakes any obligation to update any of the information contained herein. No reliance may be placed for any purpose whatsoever on the information, representations or opinions contained in this Presentation or on the completeness, accuracy or fairness of it. This Presentation has not been independently verified. No undertaking, representation, warranty or other assurance, express or implied, is made or given by or on behalf of the Company, AGAM or any of their respective directors, officers, partners, employees, agents or advisers or any other person as to the accuracy or completeness or correctness of the information, representations or opinions contained in this Presentation and no responsibility or liability whatsoever is accepted by any of them for any such information, representations or opinions (including in the case of negligence, but excluding any liability for fraud). This Presentation may contain forward-looking statements, which relate, inter-alia, to the Company's proposed strategy, plans and objectives. Such forward- thinking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and neither the Company nor AGAM accepts any obligation to disseminate any updates or revisions to such forward- looking statements The contents of this Presentation have not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 ("FSMA") for the purposes of section 21 of FSMA. Reliance on this Presentation for the purpose of engaging in any investment activity may expose a prospective investor to a significant risk of losing all of their investment. This Presentation is exempt from the general restriction set out in section 21 of the Financial Services and Markets Act 2000 on the communication of invitations or inducements to engage in investment activity on the grounds that the communication is made only to persons who fall within the exemptions contained in Articles 19 and 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (being persons who are authorised or exempt persons within the meaning of the Financial Services and Markets Act 2000 and certain other persons having professional experience relating to investments, high net worth companies and persons to whom distribution may otherwise lawfully be made (an "Exempt Person") and may also be distributed to and directed at: (i) persons in member states of the European Economic Area who are "qualified investors" within the meaning of Article 1(4)(a) of the Prospectus Regulation (Regulation (EU) 2017/1129) ("Qualified Investors"). Any investment, investment activity or controlled activity to which this Presentation relates is available only to Exempt Persons and Qualified Investors and will be engaged in only with Exempt Persons and Qualified Investors. By either accepting the Presentation and not immediately returning it or attending the accompanying verbal Presentation, you are deemed to represent, warrant and undertake that: (i) you are an Exempt Person (as defined above) or, in any member state of the EEA, a Qualified Investor; (ii) you have read and agree to comply with the contents of this disclaimer; (iii) you are able to receive this Presentation without contravention of any applicable legal or regulatory restrictions; and (iv) you will not at any time have any discussion, correspondence or contact concerning the information in the Presentation or the accompanying verbal Presentation with any of the directors or employees of the Company or its subsidiaries or with any of its suppliers, customers, sub-contractors or any governmental or regulatory body without the prior written consent of the Company. Any individual who is in any doubt about the investment to which the Presentation relates should consult an authorised person specialising in advising on investments of the kind referred to in the Presentation. Australian Disclosure If you are in Australia, this document is provided to you on the basis that you are, and you represent and warrant that you are, a person who does not require a disclosure document in connection with any offer under Chapter 6D of the Corporations Act because of subsection 708 (8) ("sophisticated investors") or subsection 708(11) ("professional investors") of the Corporations Act. If you are not such a person, please do not read this document. Please return it immediately to the Company and destroy or delete any copies. Neither this document, nor any copies of this document, may be circulated or disclosed (electronically or otherwise) to any persons who do not receive this document directly from the Company or its advisers. This Presentation (including its contents) is confidential and is for distribution only to a limited number of companies or persons and their professional advisers selected by the Company and AGAM for that purpose. It is not intended to be distributed or passed on, directly, or indirectly, to, and may not be read by, any other persons without the express written consent of the Company. This Presentation is being supplied to you solely for your information and may not be copied, reproduced, further distributed to any other person or published, in whole or in part, for any purpose. The distribution of this Presentation in certain non-UK jurisdictions may be restricted by law and therefore persons into whose possession this document comes should inform themselves about and observe any such restrictions. Any such distribution could result in a violation of the law of such jurisdictions. Neither this Presentation, nor any copy of it may, be taken or transmitted into Canada, Japan, South Africa, Singapore, or the US or distributed to these countries or to any national, citizen or resident thereof or any corporation, partnership or other entity created or organised under the laws thereof. This Presentation does not constitute or form any part of an offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe or otherwise acquire, any ordinary shares in the Company in any jurisdiction AGAM is authorised and regulated by the Financial Conduct Authority in the United Kingdom. Persons receiving this Presentation should note that, in connection with this Presentation, AGAM are acting exclusively for the Company and no one else. AGAM will not be responsible to anyone other than the Company for providing the protections afforded to their respective customers nor for advising any other person on the transactions and arrangements described in this Presentation and the accompanying verbal Presentation. Any other person attending the Presentation should seek their own independent legal, investment and tax advice as they see fit. No representation or warranty, express or implied, is made by AGAM as to any of the contents of this Presentation and the accompanying verbal Presentation. Apart from the liabilities and responsibilities, if any, which may be imposed on AGAM by FSMA or the regulatory regime established thereunder, AGAM accepts no responsibility whatsoever for the contents of this Presentation and the accompanying verbal Presentation or for any other statement made or purported to be made by AGAM or on their behalf in connection with any matters referred to in this Presentation and/or the accompanying verbal Presentation. AGAM and the Company accordingly disclaim all and any liability whatsoever whether arising in tort or contract or otherwise (save as referred to above) which they might otherwise have in respect of this Presentation and the accompanying verbal Presentation or any such statement. FIRST TIN INVESTOR PRESENTATION | Q4 2023 1