ADRIATIC METALS PLC(ADT)

delisted at entity's request under Listing Rule 17.11

we understand delisting from ASX (and LSE) followed the acquisition by Dundee Precious Metals Inc. (DPM) of all of the issued share capital of ADT by means of a scheme of arrangement under Part 26 the Companies Act 2006 (UK) - ADT shareholders were entitled to receive 0.1590 new DPM shares plus 93 pence in cash for each ADT share, subject to mix and match elections made by ADT shareholders

The company's listing and admission to trading of its Ordinary Shares on the LSE will be cancelled effective September 4, 2025, at 8:00 a.m. BST, following the Acquisition by DPM becoming effective on September 3, 2025. The company is also expected to be delisted from the ASX effective September 4, 2025, at 4:00 p.m. AEST.

Adriatic Board and DPM Board approved a court-sanctioned acquisition of its entire share capital, effective now. The acquisition will re-register Adriatic as a private limited company, and trading in Adriatic CDIs will be suspended.

Adriatic Board and DPM Board have agreed on a court-sanctioned scheme to acquire Adriatic's share capital, approved by shareholders. The scheme, effective September 3, 2025, will be granted ASX Foreign Exempt Listing approval.

The securities of Adriatic Metals Plc will be suspended from quotation at the close of trading on 28 August 2025 under Listing Rule 17.2, to facilitate the proposed acquisition by Dundee Precious Metals Inc. of all of the issued share capital of ADT by means of a scheme of arrangement under Part 26 the Companies Act 2006 (UK).

The suspension of trading in the securities of Adriatic Metals Plc will be lifted from the commencement of trading today, Tuesday, 20 November 2018, following the release by ADT of an announcement regarding a capital raising.

Completion of a A$10 million Institutional Placement at an issue price of A$0.55 with Sandfire Resources NL subscribing for a further $0.8 million. Ashanti Capital was lead manager to the Placement which was strongly supported by a number of high quality new and existing, domestic and international institutional investors. Sandfire Resources NL participated in the Institutional Placement to maintain its 7.7% stake via its anti-dilution rights. Placement positions Adriatic with a strong balance sheet to continue its accelerated exploration program at both Rupice and regional prospects, make additional land acquisitions and progress technical studies.

The details of a capital raising shall be the subject of an announcement that the Company expects to make on or before Wednesday 21 November 2018. The Company requests that the voluntary suspension remains in place until an announcement is made by the Company in relation to the capital raising.

The company is now in receipt of the signed Concession Annexe agreement from the Premier and the Ministry of Economy of Zenica-Doboj Canton. This process has also paved the way for Adriatic to further enlarge its concession area in the future, as required.

The securities of Adriatic Metals plc will be suspended from quotation immediately under Listing Rule 17.2, at the request of ADT, pending the release of an announcement regarding a capital raising.

listed entity carried for record purposes only