Argo Blockchai. Regulatory News (ARB)

PRESS RELEASE

17 July 2019

ARGO BLOCKCHAIN

('Argo' or 'the Company')

Board Appointment

Argo, a UK-based provider of enterprise-scale crypto mining services (LSE:ARB), announces that Matthew Shaw has been appointed an independent non-executive director, with immediate effect. Mr Shaw brings over 25 years' experience as an international banker, corporate adviser and serial entrepreneur specialising in the technology and the cryptocurrency sectors.

His current portfolio of leadership roles include Protos Asset Management, a Swiss company he founded that manages a cryptocurrency fund, which invests in early stage cryptocurrency and blockchain businesses and actively risk manages liquid tokens using advanced quantitative strategies. He is also president of a proprietary family investment company investing in digital assets, fintech and other technology sectors.

Between 2006 and 2013, he served as executive director of Carbon Trade & Finance SICAR, a joint venture between Gazprombank and Commerzbank, investing in primary carbon projects. Concurrent with this role, he was advisor to the Chairman of Gazprombank, based in Moscow, Russia, for almost a decade.

He began his career as a London-based investment banker at ANZ and Moscow Narodny Bank. He worked at UBS Ltd from 1995 to 1998, followed by an almost four-year stint as founder/ managing director of DEPFA Investment Bank/ DEPFA UK Ltd, a specialist emerging market bank specialising in public sector fixed income trading and origination.

He is a graduate of University of Manchester and a Master of Business Administration from Bradford University School of Management.

Mike Edwards, Executive Chairman of Argo, said, "After an extensive selection process, I am pleased to welcome Matthew to the board as an independent director. Matthew's broad experience in international banking and cryptocurrency will be a benefit to Argo as it implements an aggressive growth strategy."

Matthew Shaw commented: "I am delighted to be joining Argo, which has established a strong position just as institutional interest in cryptomining gathers strong momentum. I look forward to working with the board and executive team to build on this early lead."

There are no details to be disclosed under paragraph 9.6.13 (2) to (6) of the Listing Rules.

For further information please contact:

About Argo:

Argo Blockchain plc is a global data centre business that provides a purpose-built and flexible platform for mining of leading cryptocurrencies for the enterprise-scale and institutional sectors worldwide from operational centres in Canada. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB.

www.argomining.co

See Argo's largest facility in Quebec:

https://youtu.be/LDWWaZ75Zbk