CRA.L Regulatory News (CRA)

Cradle Arc Plc / EPIC: CRA.L / Market: AIM / Sector: Mining

5 June 2018

Cradle Arc plc

("Cradle Arc", the "Company" or, together with its subsidiaries, the "Group")

Notice of Annual General Meeting and Update re Warrant Issue

Cradle Arc (AIM: CRA), the African focused base and precious metals exploration and production company, announces that its Annual General Meeting will be held at 11.00 a.m. on Thursday 28 June 2018 at the offices of Stephenson Harwood LLP, 1 Finsbury Circus, London EC2M 7SH.

A Circular, including the Notice of Annual General Meeting, and a Form of Proxy will today be posted to shareholders and will be made available to view shortly on the Company's website at www.cradlearc.com.

Update re Warrant Issue

As announced on 3 April 2018, the Company issued to a consortium of lenders (the "Financing Parties"), in aggregate, US$10 million secured loan notes pursuant to the terms of a loan note instrument (the "New Debt Funding"). In connection with the New Debt Funding, the Company agreed to grant to the Financing Parties, in aggregate, 71,336,852 warrants to subscribe for new ordinary shares in the Company (the "Warrants"). The Warrants were to be exercisable at a price of 5 pence per share during the exercise period of twelve months from 2 April 2018.

However, as the Company had insufficient share capital authorities to issue all of the abovementioned Warrants by the original deadline of 30 May 2018, on 28 May 2018, the Company issued an initial tranche of 35,668,432 Warrants (being approximately 50 per cent. of the Warrants) to the Financing Parties, utilising the Company's existing share capital authorities. The Company has agreed with the Financing Parties that the remaining 35,668,420 Warrants (the "New Warrants") will be issued pursuant to the terms and conditions of a new warrant instrument (the "New Warrant Instrument"), subject to the receipt of shareholder approval at the forthcoming Annual General Meeting. The New Warrants will have the same rights and restrictions as the Warrants save as to the exercise period which shall be at any time until 2 August 2019.

**ENDS**

For further information on the Company, please visit www.cradlearc.com or contact:

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.