Duke Capital Regulatory News (DUKE)

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF DUKE ROYALTY LIMITED.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

6 April 2021

Duke Royalty Limited

("Duke" or the "Company") (LON: DUKE)

Result of PrimaryBid Offer and Total Voting Rights

Further to its recent announcements regarding a Placing to raise £32 million and PrimaryBid Offer to raise up to an additional £3 million, Duke Royalty Limited, the AIM quoted provider of alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad, is pleased to announce that it has raised the maximum amount under the PrimaryBid Offer of £3.0 million (before expenses) following the closing of the offer on 6 April 2021.

The PrimaryBid Offer and the Placing remain conditional on the New Ordinary Shares being admitted to trading on AIM. Application will be made for 100,000,002 New Ordinary Shares (representing the 91,428,573 Placing Shares and the 8,571,429 PrimaryBid Shares) to be admitted to trading on AIM ("Admission"), which is expected to be take place at 8.00 a.m. on 19 April 2021. Following Admission, the Company will have 357,906,909 Ordinary Shares in issue carrying voting rights admitted to trading on AIM. This figure (357,906,909) 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.

Neil Johnson, CEO of Duke Royalty, said: "Duke Royalty is delighted to give existing shareholders and new individuals the chance to participate on the same terms as the institutions. It has been an extremely well supported fundraise and Duke continues to benefit from a widening breadth of shareholders and new investors."

Unless otherwise defined, capitalised terms used in this announcement have the meanings given to them in the Placing Announcement.

This announcement contains inside information.

For further information, please visit www.dukeroyalty.com or contact: