AMBR.L Regulatory News (AMBR)

7 September 2017

AMBRIAN PLC

Requisition of General Meeting

The Board of Ambrian announces that written requests have been received pursuant to section 303 of the Companies Act 2006 (the "Act") requiring the Directors of the Company to convene a general meeting of the Company's shareholders (the "Requisitions"). The Requisitions are signed by a Director of the Company, Charles Davies (as the registered holder of 27,816,339 ordinary shares of £0.01 each in the Company ("Ordinary Shares")) and by The Bank of New York (Nominees) Limited (understood to be for Kestrel Opportunities as the underlying beneficial owner) in respect of 27,812,442 Ordinary Shares (the "Requisitioning Shareholders"). Together the shareholdings of such Requisitioning Shareholders represent approximately 22.01 per cent. of the paid-up capital of the Company carrying voting rights at general meetings of the Company (excluding the paid-up capital of the Company held as treasury shares (4,500,058 Ordinary Shares) and a further aggregate 8,484,466 Ordinary Shares held by the Company and its wholly-owned subsidiary, Ambrian Metals Limited, all of which Ordinary Shares do not carry voting rights whilst so held (all together the "Non-Voting Shares")).

The Requisitions require the Directors of the Company to call a general meeting of the Company for the purposes of considering an ordinary resolution to remove Mr Jean-Pierre Conrad from office as a Director of the Company with immediate effect (the "Requisitioned Resolution").

The Requisitioning Shareholders have also received letters of support from parties who are registered holders or beneficial owners or who otherwise control an aggregate of 67,616,884 Ordinary Shares, confirming that they will vote in favour of the Requisitioned Resolution in respect of such Ordinary Shares. Together with the shareholdings of the Requisitioning Shareholders themselves, such Ordinary Shares represent approximately 48.77 per cent. of the issued share capital of the Company carrying voting rights at general meetings of the Company (excluding the Non-Voting Shares).

The Board of Directors intends, in accordance with section 304 of the Act, to call such a general meeting as soon as practicable (and in any event, within 21 days of the date of receipt of the Requisitions) and to hold such general meeting on a date not more than 28 days after the date of the notice convening such general meeting.

Shareholders are advised to take no action at this time. Further announcements will be made in due course.

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This announcement contains inside information.