Issue of Equity

Issue of Equity

Armadale Capital Plc

Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company

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

Placing to raise £250,000

30 September 2013

Armadale, the AIM quoted investment company focused on natural resources projects in Africa, is pleased to announce a placing ("Placing") of 250,000,000 new ordinary shares of 0.01 pence each in the capital of the Company ("Placing Shares") at a price of 0.10 pence per share to raise £250,000 before expenses, with institutional and other investors. In line with the Company’s strategy to build a portfolio of revenue generating African resource projects, the Placing will allow the Company to further develop and accelerate its current investment in the Mpokoto Gold project, in the Katanga Province of the Democratic Republic of the Congo (‘Mpokoto’), whilst continuing to evaluate other potential opportunities.

The Placing is subject, inter alia, to admission of the Placing Shares to AIM, which is expected to occur at 8.00 a.m. on 4 October 2013. Application has been made to the London Stock Exchange for all of the Placing Shares to be admitted to trading on AIM. The Placing Shares will, when issued, rank pari passu in all respects with the Company's existing ordinary shares.

Peter Marks, Chairman of Armadale, said, “This placing to raise £250,000, which has been undertaken in response to market demand, will allow Armadale to pursue its newly approved investment policy more aggressively, as we continue to develop a highly prospective portfolio of revenue generating African resource projects. In particular, we are focussed on increasing our interest in Mpokoto, which is held through our investment in Netcom Global Inc, and advancing the project up the value development curve. Furthermore, with Mine Restoration Investment’s coal briquetting operations set to commence ramping up to full production, we are increasingly excited by the prospects for Armadale and I look forward to updating shareholders on developments in due course.”

Following admission of the Placing Shares, the Company will have 2,448,041,150 ordinary shares in issue. The Company has no shares in treasury, therefore the figure of 2,448,041,150 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 of their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

**ENDS**

Enquiries:

Company	Â
Peter Marks, Chairman		[phone]
Charles Zorab, Investor Relations
Nomad and broker: finnCap Limited
Stuart Andrews/Chris Raggett		[phone]
Press relations: St Brides Media & Finance Ltd.
Susie Geliher/Charlotte Heap		[phone]

Notes

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

Armadale currently holds approximately a 40% interest in Mine Restoration Investments Ltd, a South African listed company, which aims to develop profitable operations within the South African mining industry through its coal briquetting operation in KwaZulu Natal and acid mine drainage project in the Witwatersrand basins. It has recently taken 15% of the shares in a company which holds an 80% stake in the Mpokoto Gold project in the Democratic Republic of the Congo, with agreements which could lead to the holding increasing to 90%. This is a gold deposit with 380,000 oz of JORC defined gold resource.

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