Exercise of Warrants

Exercise of Warrants

Armadale Capital Plc

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

Exercise of Warrants

Armadale, the AIM quoted investment company focused on natural resource projects in Africa, announces that it has received notice of exercise in respect of 583,333 warrants at a price of 3.375p per ordinary share. Accordingly the Company has today issued 583,333 ordinary shares arising from the exercise.

The Company has applied for admission of the 583,333 new shares to trading on AIM. Dealings are expected to become effective on 2 July 2015 (‘Admission’). Following Admission, the Company will have 42,843,866 shares in issue with each share carrying the right to one vote. There are no shares currently held in treasury. The total number of voting rights in the Company therefore will be 42,843,866 and this figure may be used by shareholders as the denominator for the calculation by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure Rules and Transparency Rules.

**ENDS**

Enquiries:

Armadale Capital

Charles Zorab, Company Secretary [phone]

Nomad: finnCap Limited

Stuart Andrews [phone]

Christopher Raggett

Press relations: St Brides Media & Finance Ltd.

Hugo de Salis [phone]

Charlotte Heap

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

View source version on businesswire.com: http://www.businesswire.com/news/home/20150626005211/en/