Form 8.3 - Dundee Precious

15th Aug 2025 16:32

RNS Number : 5956V

Goldman Sachs & Co. LLC

15 August 2025

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Full name of discloser:	GOLDMAN SACHS & CO. LLC
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	DUNDEE PRECIOUS METALS INC.
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	14 August 2025
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A"	NO

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	Common
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	353,307*	0.21	2,294,363*	1.37
(2) Cash-settled derivatives:	141,148	0.08	249,300	0.15
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	740,100	0.44	0	0.00
TOTAL:	1,234,555*	0.74	2,543,663*	1.52

* GOLDMAN SACHS & CO. LLC resulting position includes changes resulting from non-trade related activity.

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
Common	Purchase	100	24.1700 CAD
Common	Purchase	100	24.2000 CAD
Common	Purchase	100	24.2100 CAD
Common	Purchase	100	24.2100 CAD
Common	Purchase	100	24.2200 CAD
Common	Purchase	2	24.2200 CAD
Common	Purchase	100	24.2200 CAD
Common	Purchase	200	24.2200 CAD
Common	Purchase	100	24.2200 CAD
Common	Purchase	100	24.2200 CAD
Common	Purchase	100	24.2200 CAD
Common	Purchase	100	24.2200 CAD
Common	Purchase	100	24.2200 CAD
Common	Purchase	2	24.2200 CAD
Common	Purchase	100	24.2200 CAD
Common	Purchase	100	24.2200 CAD
Common	Purchase	100	24.2200 CAD
Common	Purchase	100	24.2300 CAD
Common	Purchase	100	24.2300 CAD
Common	Purchase	100	24.2300 CAD
Common	Purchase	100	24.2300 CAD
Common	Purchase	100	24.2300 CAD
Common	Purchase	100	24.2300 CAD
Common	Purchase	100	24.2300 CAD
Common	Purchase	100	24.2300 CAD
Common	Purchase	100	24.2300 CAD
Common	Purchase	100	24.2300 CAD
Common	Purchase	100	24.2350 CAD
Common	Purchase	100	24.2350 CAD
Common	Purchase	100	24.2350 CAD
Common	Purchase	100	24.2350 CAD
Common	Purchase	100	24.2400 CAD
Common	Purchase	100	24.2400 CAD
Common	Purchase	100	24.2400 CAD
Common	Purchase	100	24.2400 CAD
Common	Purchase	100	24.2400 CAD
Common	Purchase	100	24.2500 CAD
Common	Purchase	100	24.2500 CAD
Common	Purchase	100	24.2500 CAD
Common	Purchase	100	24.2500 CAD
Common	Purchase	100	24.2500 CAD
Common	Purchase	100	24.2500 CAD
Common	Purchase	100	24.2500 CAD
Common	Purchase	100	24.2500 CAD
Common	Purchase	100	24.2500 CAD
Common	Purchase	100	24.2500 CAD
Common	Purchase	100	24.2500 CAD
Common	Purchase	100	24.2500 CAD
Common	Purchase	100	24.2500 CAD
Common	Purchase	100	24.2550 CAD
Common	Purchase	100	24.2600 CAD
Common	Purchase	100	24.2600 CAD
Common	Purchase	100	24.2600 CAD
Common	Purchase	100	24.2600 CAD
Common	Purchase	100	24.2600 CAD
Common	Purchase	100	24.2600 CAD
Common	Purchase	100	24.2600 CAD
Common	Purchase	100	24.2600 CAD
Common	Purchase	100	24.2600 CAD
Common	Purchase	100	24.2600 CAD
Common	Purchase	100	24.2600 CAD
Common	Purchase	100	24.2600 CAD
Common	Purchase	100	24.2600 CAD
Common	Purchase	100	24.2600 CAD
Common	Purchase	100	24.2650 CAD
Common	Purchase	100	24.2700 CAD
Common	Purchase	100	24.2700 CAD
Common	Purchase	100	24.2700 CAD
Common	Purchase	100	24.2700 CAD
Common	Purchase	100	24.2700 CAD
Common	Purchase	100	24.2700 CAD
Common	Purchase	100	24.2700 CAD
Common	Purchase	100	24.2750 CAD
Common	Purchase	100	24.2750 CAD
Common	Purchase	100	24.2800 CAD
Common	Purchase	100	24.2800 CAD
Common	Purchase	100	24.2800 CAD
Common	Purchase	2,200	24.2827 CAD
Common	Purchase	3,100	24.2835 CAD
Common	Purchase	100	24.2900 CAD
Common	Purchase	100	24.2900 CAD
Common	Purchase	100	24.2900 CAD
Common	Purchase	100	24.2900 CAD
Common	Purchase	100	24.2900 CAD
Common	Purchase	100	24.2900 CAD
Common	Purchase	100	24.2900 CAD
Common	Purchase	100	24.2900 CAD
Common	Purchase	100	24.2950 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	100	24.3000 CAD
Common	Purchase	400	24.3012 CAD
Common	Purchase	100	24.3100 CAD
Common	Purchase	100	24.3100 CAD
Common	Purchase	100	24.3100 CAD
Common	Purchase	100	24.3100 CAD
Common	Purchase	100	24.3100 CAD
Common	Purchase	100	24.3100 CAD
Common	Purchase	100	24.3100 CAD
Common	Purchase	100	24.3100 CAD
Common	Purchase	100	24.3100 CAD
Common	Purchase	100	24.3100 CAD
Common	Purchase	100	24.3100 CAD
Common	Purchase	2,800	24.3120 CAD
Common	Purchase	100	24.3150 CAD
Common	Purchase	100	24.3150 CAD
Common	Purchase	100	24.3150 CAD
Common	Purchase	100	24.3150 CAD
Common	Purchase	2,300	24.3161 CAD
Common	Purchase	100	24.3200 CAD
Common	Purchase	100	24.3200 CAD
Common	Purchase	100	24.3200 CAD
Common	Purchase	100	24.3200 CAD
Common	Purchase	100	24.3200 CAD
Common	Purchase	100	24.3250 CAD
Common	Purchase	100	24.3300 CAD
Common	Purchase	100	24.3300 CAD
Common	Purchase	100	24.3300 CAD
Common	Purchase	100	24.3300 CAD
Common	Purchase	100	24.3300 CAD
Common	Purchase	100	24.3300 CAD
Common	Purchase	100	24.3300 CAD
Common	Purchase	100	24.3350 CAD
Common	Purchase	100	24.3350 CAD
Common	Purchase	100	24.3350 CAD
Common	Purchase	100	24.3350 CAD
Common	Purchase	200	24.3350 CAD
Common	Purchase	100	24.3350 CAD
Common	Purchase	6,800	24.3383 CAD
Common	Purchase	4,300	24.3388 CAD
Common	Purchase	100	24.3400 CAD
Common	Purchase	100	24.3400 CAD
Common	Purchase	200	24.3400 CAD
Common	Purchase	100	24.3400 CAD
Common	Purchase	137	24.3400 CAD
Common	Purchase	100	24.3400 CAD
Common	Purchase	100	24.3400 CAD
Common	Purchase	100	24.3400 CAD
Common	Purchase	100	24.3400 CAD
Common	Purchase	100	24.3400 CAD
Common	Purchase	37	24.3400 CAD
Common	Purchase	100	24.3400 CAD
Common	Purchase	100	24.3400 CAD
Common	Purchase	100	24.3400 CAD
Common	Purchase	100	24.3400 CAD
Common	Purchase	100	24.3400 CAD
Common	Purchase	100	24.3400 CAD
Common	Purchase	100	24.3400 CAD
Common	Purchase	100	24.3400 CAD
Common	Purchase	100	24.3450 CAD
Common	Purchase	100	24.3500 CAD
Common	Purchase	100	24.3500 CAD
Common	Purchase	100	24.3500 CAD
Common	Purchase	100	24.3500 CAD
Common	Purchase	100	24.3500 CAD
Common	Purchase	100	24.3500 CAD
Common	Purchase	100	24.3500 CAD
Common	Purchase	100	24.3500 CAD
Common	Purchase	100	24.3550 CAD
Common	Purchase	100	24.3600 CAD
Common	Purchase	100	24.3700 CAD
Common	Purchase	100	24.3700 CAD
Common	Purchase	100	24.3700 CAD
Common	Purchase	100	24.3700 CAD
Common	Purchase	100	24.3750 CAD
Common	Purchase	100	24.3750 CAD
Common	Purchase	100	24.3750 CAD
Common	Purchase	100	24.3750 CAD
Common	Purchase	100	24.3800 CAD
Common	Purchase	100	24.3800 CAD
Common	Purchase	100	24.3800 CAD
Common	Purchase	100	24.3850 CAD
Common	Purchase	100	24.3850 CAD
Common	Purchase	100	24.3850 CAD
Common	Purchase	100	24.3900 CAD
Common	Purchase	100	24.4000 CAD
Common	Purchase	100	24.4000 CAD
Common	Purchase	100	24.4000 CAD
Common	Purchase	100	24.4100 CAD
Common	Purchase	100	24.4100 CAD
Common	Purchase	100	24.4100 CAD
Common	Purchase	100	24.4100 CAD
Common	Purchase	100	24.4100 CAD
Common	Purchase	100	24.4100 CAD
Common	Purchase	100	24.4100 CAD
Common	Purchase	100	24.4100 CAD
Common	Purchase	100	24.4100 CAD
Common	Purchase	100	24.4100 CAD
Common	Purchase	100	24.4100 CAD
Common	Purchase	100	24.4150 CAD
Common	Purchase	100	24.4150 CAD
Common	Purchase	100	24.4150 CAD
Common	Purchase	100	24.4200 CAD
Common	Purchase	100	24.4200 CAD
Common	Purchase	100	24.4200 CAD
Common	Purchase	100	24.4200 CAD
Common	Purchase	100	24.4250 CAD
Common	Purchase	100	24.4250 CAD
Common	Purchase	100	24.4300 CAD
Common	Purchase	100	24.4300 CAD
Common	Purchase	100	24.4300 CAD
Common	Purchase	200	24.4300 CAD
Common	Purchase	100	24.4300 CAD
Common	Purchase	100	24.4350 CAD
Common	Purchase	100	24.4400 CAD
Common	Purchase	100	24.4400 CAD
Common	Purchase	100	24.4400 CAD
Common	Purchase	100	24.4450 CAD
Common	Purchase	100	24.4500 CAD
Common	Purchase	100	24.4500 CAD
Common	Purchase	100	24.4500 CAD
Common	Purchase	100	24.4600 CAD
Common	Purchase	100	24.4600 CAD
Common	Purchase	100	24.4650 CAD
Common	Purchase	100	24.4650 CAD
Common	Purchase	100	24.4700 CAD
Common	Purchase	100	24.4700 CAD
Common	Purchase	100	24.4700 CAD

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
Common	CFD	Reducing a long position	50	24.3008 CAD
Common	CFD	Reducing a long position	50	24.3008 CAD
Common	CFD	Reducing a long position	2,728	24.3111 CAD
Common	CFD	Reducing a long position	1,672	24.3111 CAD

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising / exercised against

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

NONE

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

NONE

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:	15 August 2025
Contact name:	Papa Lette and Andrzej Szyszka
Telephone number*:	+33(1) 4212 1459 / +48(22) 317 4817

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8(OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENT TO

PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1. KEY INFORMATION

Full name of person making disclosure:	GOLDMAN SACHS & CO. LLC
Name of offeror/offeree in relation to whose relevant securities disclosure relates:	DUNDEE PRECIOUS METALS INC.

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
Common	Call Option	Purchased	21,000	19.0000 CAD	EURO	17/10/2025
Common	Call Option	Sold	21,000	19.0000 CAD	EURO	17/10/2025
Common	Call Option	Purchased	21,000	19.0000 CAD	EURO	17/10/2025
Common	Call Option	Purchased	31,500	23.0000 CAD	EURO	20/02/2026
Common	Call Option	Sold	31,500	23.0000 CAD	EURO	20/02/2026
Common	Call Option	Purchased	31,500	23.0000 CAD	EURO	20/02/2026
Common	Call Option	Purchased	45,000	19.0000 CAD	EURO	19/12/2025
Common	Call Option	Sold	45,000	19.0000 CAD	EURO	19/12/2025
Common	Call Option	Purchased	45,000	19.0000 CAD	EURO	19/12/2025
Common	Call Option	Purchased	154,000	19.0000 CAD	EURO	17/10/2025
Common	Call Option	Sold	154,000	19.0000 CAD	EURO	17/10/2025
Common	Call Option	Purchased	154,000	19.0000 CAD	EURO	17/10/2025
Common	Call Option	Purchased	240,000	23.0000 CAD	EURO	20/02/2026
Common	Call Option	Sold	240,000	23.0000 CAD	EURO	20/02/2026
Common	Call Option	Purchased	240,000	23.0000 CAD	EURO	20/02/2026
Common	Call Option	Purchased	248,600	19.0000 CAD	EURO	19/12/2025
Common	Call Option	Purchased	248,600	19.0000 CAD	EURO	19/12/2025
Common	Call Option	Sold	248,600	19.0000 CAD	EURO	19/12/2025

3. AGREEMENTS TO PURCHASE OR SELL

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplement form (Open Positions) with regard to cash-settled derivatives.

The currency of all pieces and other monetary amounts should be stated.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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END

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