African Potash Regulatory News (AFPO)

African Potash Limited / Index: AIM / Epic: AFPO / Sector: Mining

12 August 2015

African Potash Limited ("African Potash" or "the Company")

Directors' Dealings

African Potash, the AIM listed exploration company focused on sub-Saharan potash assets, announces that the Company's non-executive directors have agreed to accept new ordinary shares in the capital of the Company (the "Fee Shares"), in lieu of fees for the period 1 January 2015 to 31 July 2015. Details of the number of Fee Shares to be issued to each non-executive director, and their respective interests in the Company's ordinary share capital following the issue of the Fee Shares, are set out below.

The Fee Shares are being issued at 0.552 pence per share, being the average closing price of the Company's ordinary shares (the "Shares") over the 5 trading days prior to 11 August 2015.

In addition, the Company announces that the following options and warrants to subscribe for new Shares have been granted to Chris Cleverly, the Company's Executive Chairman.

Mr Cleverly has also been awarded 3,000,000 "incentive" Shares held at the discretion of the board and accordingly he now has an interest in 6,000,000 Shares (which represents 0.79% of the issued share capital following the issue of the Fee Shares).

Application has been made for the Fee Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will be effective from 17 August 2015. Following Admission, there will be a total of 755,483,946 Shares in issue. This figure may 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 FSA's Disclosure and Transparency Rules.

**ENDS**

For further information visit www.africanpotash.com or contact the following: