Chariot Ltd Regulatory News (CHAR)

Chariot Limited 

("Chariot", the "Company")

Issue of Fundraising Shares and Total Voting Rights

Chariot (AIM: CHAR), the Africa focused transitional energy company, announces the issuance of new Ordinary Shares pursuant to the Fundraising announced on 24 May 2021.

On 28 June 2021, the Company will issue 238,512,856 new Ordinary Shares (the "Fundraising Shares"). This equates to:

· 199,646,892 Ordinary Shares to be issued pursuant to the Placing and Subscription;

· 29,231,953 Ordinary Shares to be issued pursuant to the Open Offer; and

· 9,634,011 Ordinary Shares to be issued pursuant to the Underwriting Commitment and fees.

The Company has yet to receive £0.7 million of the funds committed pursuant to the Subscription (the "Additional Subscription Funds") and accordingly will not on 28 June 2021 issue 12,907,037 new Ordinary Shares (the "Additional Subscription Shares") to the subscriber concerned. The Company is assured that the Additional Subscription Funds will be transmitted over the coming days and the Company will issue the Additional Subscription Shares and apply for their admission to trading on AIM as soon as such funds are received.

In the unlikely event that the Additional Subscription Funds are not received within the next two weeks, Adonis Pouroulis has confirmed to the Company that Magna will add such funds to the Underwriting Commitment on the terms set out in the announcement of 28 May 2021.

The Company has applied for admission of the Fundraising Shares to trading on AIM ("Admission"). Admission will occur at 8.00 a.m. on Monday, 28 June 2021. On Admission the Company will have 636,077,728 Ordinary Shares in issue and there are no shares held in treasury. 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 FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms in this announcement shall have the same meaning ascribed in the announcement made on 24 May 2021 unless the context requires otherwise.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, as retained in the UK pursuant to S3 of the European Union (Withdrawal) Act 2018.

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NOTES FOR EDITORS:

About Chariot

Chariot is an African focused transitional energy group with two business streams, Transitional Gas and Power.

Chariot Transitional Gas, is a high value, low risk gas development project with strong ESG credentials in a fast-growing emerging economy with a clear route to early monetisation, delivery of free cashflow and material exploration upside. Chariot Transitional Power, looking to transform the energy market for mining operations in Africa, providing a giant largely untapped market with cleaner, sustainable, and more reliable power.

The ordinary shares of Chariot Limited are admitted to trading on the AIM under the symbol 'CHAR'.