Arc Minerals Regulatory News (ARCM)

21 September 2020

Arc Minerals Ltd

('Arc' or the 'Company')

Block Listing

The Company is pleased to announce that an application has been made to the London Stock Exchange for a block admission of up to 54,571,854 ordinary shares of no par value in the Company (the "New Ordinary Shares") to be admitted to trading on AIM ("Admission") in connection with certain existing warrants over ordinary shares granted by the Company according to the below table. It is expected that Admission will occur on or around 25 September 2020.

The New Ordinary Shares may be issued from time-to-time pursuant to the exercise of existing warrants. If and when issued, the New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of the Company.

The total number of ordinary shares of no par value in the Company as at the date of this announcement is 980,628,507. There are currently no shares held in treasury. The total number of voting rights in the Company is therefore 980,628,507. 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 Disclosure Guidance and Transparency Rules.

The Company will make six-monthly announcements regarding the utilisation of the block admission.

The total number of warrants over ordinary shares of the Company that are outstanding as at the date of this announcement, including the warrants listed in the table above, is 243,538,235.

For more information visit www.arcminerals.com.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

**ENDS**

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