Awards under Restricted Share Unit Plan and Notification of Major Holdings – The Canadian Business Journal

NOTIFICATION OF MAJOR HOLDINGS 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Amaroq Minerals Ltd. 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer X 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments   An event changing the breakdown of voting rights   Other (please specify):   3. Details of person subject to the notification obligation Name Kvika banki hf. City and country of registered office (if applicable) Reykjavík, Iceland 4. Full name of shareholder(s) (if different from 3.) Name   City and country of registered office (if applicable)   5. Date on which the threshold was crossed or reached: 11 December 2024 6. Date on which issuer notified (DD/MM/YYYY): 17 December 2024 7. Total positions of person(s) subject to the notification obligation   % of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments
(total of 8.B 1 + 8.B 2) Total of both in % (8.A + 8.B) Total number of voting rights held in issuer (8.A + 8.B) Resulting situation on the date on which threshold was crossed or reached 5.09%   5.09% 20,229,146 Position of previous notification (if applicable) 3,55%   3,55% 12,995,054 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached A: Voting rights attached to shares Class/type of
shares
ISIN code (if possible) Number of voting rights % of voting rights Direct
(DTR5.1) Indirect
(DTR5.2.1) Direct
(DTR5.1) Indirect
(DTR5.2.1) CA02312A1066 20,229,146   5,09%   SUBTOTAL 8. A 20,229,146 5,09% B 1: Financial Instruments according to DTR5.3.1R (1) (a) Type of financial instrument Expiration
date Exercise/
Conversion Period Number of voting rights that may be acquired if the instrument is exercised/converted. % of voting rights               SUBTOTAL 8. B 1     B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) Type of financial instrument Expiration
date Exercise/
Conversion Period Physical or cash
Settlement Number of voting rights % of voting rights                   SUBTOTAL 8.B.2     9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an “X”)

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer   Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) X Name % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold Kvika banki hf.     1,67% (6,660,451) Kvika Asset Management.     2,40% (9,563,129) TM TM tryggingar hf.     1,01% (4,005,566) 10. In case of proxy voting, please identify: Name of the proxy holder N/A The number and % of voting rights held   The date until which the voting rights will be held   11. Additional information