SHG.L Regulatory News (SHG)

Name of applicant:

Shanta Gold Limited

Name of scheme:

The Shanta Gold Limited Long Term Incentive Plan

Period of return:

From:

18 June 2017

To:

17 December 2017

Balance of unallotted securities under scheme(s) from previous return:

5,836,802 ordinary shares of 0.01 pence each in the Company ("Ordinary Shares")

The amount by which the block scheme(s) has been increased, if the scheme has been increased since the date of the last return:

0 Ordinary Shares

Number of securities issued/allotted under scheme(s) during period:

1,620,762 Ordinary Shares

Balance under scheme(s) not yet issued/allotted at end of period

4,216,040 Ordinary Shares

Number and class of securities originally listed and the date of admission

5,000,000 Ordinary Shares on 18 December 2014

5,000,000 Ordinary Shares on 21 January 2016

Total number of securities in issue at the end of the period

768,628,311 Ordinary Shares

Shanta Gold Limited

Eric Zurrin (CEO)

+255 (0)22 292 5148

Luke Leslie (CFO)

Nominated Adviser and Broker

Peel Hunt LLP

Ross Allister / Chris Burrows / James Bavister

+44 (0)20 7418 8900

Financial Public Relations

Tavistock

Jos Simson / Charles Vivian / Barnaby Hayward

+44 (0)20 7920 3150