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 2015

To:

17 December 2015

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

5,000,000 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:

776,974 Ordinary Shares

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

836,802 Ordinary Shares

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

5,000,000 Ordinary Shares on 18 December 2014

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

468,777,483 Ordinary Shares

Shanta Gold Limited

Toby Bradbury (CEO)

Eric Zurrin (CFO)

+255 (0)22 2925 148

Nominated Adviser and Joint Broker

Peel Hunt LLP

Matthew Armitt / Ross Allister

+ 44 (0)20 7418 8900

Joint Broker

GMP Securities Europe LLP

Richard Greenfield / Mitch Limb

+ 44 (0)20 7647 2800

Financial Public Relations

Tavistock

Emily Fenton / Nuala Gallagher

+44 (0)20 7920 3150