Conversion of Loan Notes & Total Voting Rights

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

26 January 2018

Cradle Arc plc

("Cradle Arc" or the "Company")

Conversion of Loan Notes & Total Voting Rights

Cradle Arc, the African focused base and precious metals exploration and production company, announces that a holder (the "Noteholder") of certain of the convertible loan notes issued by the Company on 2 June 2017 (the "Notes") has elected to convert its Notes into new ordinary shares of £0.0001 each in the capital of the Company ("Ordinary Shares").

Accordingly, 3,260,869 new Ordinary Shares (the "Conversion Shares") have been issued to the Noteholder at a price of 9.20 pence per share in accordance with the terms of the Notes.

Admission and Total Voting Rights

Application has been made for admission of the Conversion Shares to trading on AIM, with such admission expected to become effective at 8.00 a.m. on 1 February 2018. Following admission, the issued share capital of the Company will comprise 204,590,351 Ordinary Shares and, accordingly, the total number of voting rights will be 204,590,351.

The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Cradle Arc under the FCA's Disclosure Guidance and Transparency Rules.

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

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