Result of Annual General Meeting

Result of Annual General Meeting

Armadale Capital Plc

Armadale Capital Plc (‘Armadale’ or ‘the Company’)

Result of Annual General Meeting

Armadale, the AIM quoted investment company focused on natural resource projects in Africa, is pleased to announce that all resolutions were duly passed at the Company’s Annual General Meeting held earlier today.

Consolidation of issued share capital

Following approval by shareholders of a 1 for 150 consolidation exercise, the entire issued share capital in the Company will commence trading on AIM on the consolidated basis with effect from commencement of business on Tuesday 23 June 2015. The total number of shares in issue is now 42,260,533 Ordinary shares of 0.1 pence each.

The above figure of 42,260,533 should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

**ENDS**

Enquiries:

Armadale Capital	Â	Â	Â		Â	Â
Charles Zorab, Company Secretary				[phone]
Nomad and broker: finnCap Limited
Stuart Andrews				[phone]
Christopher Raggett
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Joint broker: VSA Capital Limited
Bhavesh Patel/Richard Buckle				[phone]
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Press relations: St Brides Media & Finance Ltd.
Susie Geliher				[phone]
Charlotte Heap

Notes

Armadale Capital Plc is focussed on investing in and developing a portfolio of investments, targeting the natural resources sector in Africa. The Company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth businesses where it can take an active role in their advancement.

Armadale is focused on the development of the Mpokoto Gold project in the Democratic Republic of the Congo, in which it owns an 80% interest. Mpokoto has a current Total Mineral Resource of 678,000 oz gold (‘Au’) from 14.58 million tonnes (‘Mt’) @ 1.45g/t Au at a cut-off grade of 0.5g/t. The Company has recently announced the results of an Expanded Scoping Study for Mpokoto which demonstrated a post-tax net present value of US$55.3m based upon a discount rate of 8% and a gold price of US$1,250/oz. The Project is subject to four Mining Licences which are valid for an initial term of 30 years from 30 September 2014.

Armadale also currently holds approximately a 30% interest in Mine Restoration Investments Ltd, a South African listed company, which aims to develop profitable operations in South Africa through the briquetting and sale of coal fines in KwaZulu Natal, as well as a number of other quoted investments.

More information can be found on the website www.armadalecapitalplc.com.

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