Equity Issue

28 January 2022

EQUITY ISSUE

European Metals Holdings Limited (EMH, Company) (ASX & AIM: EMH, OTC - Nasdaq Intl ADS: EMHXY) is pleased to advise that it has today completed the issue of 10,285,000 new ordinary shares (represented by Depository Interests or "DI's") to institutional investors as announced on 19 January 2022 at AUD1.40 per DI to raise AUD14.4 million.

Application will be made for the admission to trading on AIM and ASX of the new DI Shares ("Admission"). Admission is expected to occur on or around 3 February 2022. The new DIs Shares will rank pari passu in all respects with the existing ordinary shares in European Metals.

Total Voting Rights

Following Admission, the Company will have 185,642,485 Ordinary Shares on issue. There are no shares held in treasury. The total voting rights in the Company are therefore 185,642,485 and shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

CONTACT

For further information on this update or the Company generally, please visit our website at www.europeanmet.com or see full contact details at the end of this release.

WEBSITE

A copy of this announcement is available from the Company's website at www.europeanmet.com.

ENQUIRIES: