Redemption of Deferred Shares

Ambrian plc

Redemption of Deferred Shares and Special Deferred Shares

Ambrian plc ("Ambrian" or the "Company") confirms that, on 18 November 2015, it redeemed (i) all of the 111,361,208 deferred shares of £0.09 each in the Company in issue (created as a result of the sub-division in March 2015 of each of the Company's former ordinary shares of £0.10 each into one ordinary share of £0.01 and one deferred share of £0.09) and (ii) all of the 19,414,205 special deferred shares of £0.01 each in the Company in issue (created as a result of the conversion of the First Tranche Deferred Convertible Securities of £0.01 each in the Company due to the Beira cement plant in Mozambique not achieving 'mechanical completion' on or before 15 May 2015), for £0.02 in aggregate, in accordance with the rights attaching to both such classes of shares.

The redemption was funded out of the proceeds of the subscription by Lea Yeat Limited (a company connected with the Company Secretary (MSP Secretaries Limited)) for 1 new ordinary share of £0.01 in the Company for £0.05 in cash, made for the purpose of such redemption. Such ordinary share was issued today.

Application has been made to the London Stock Exchange for such 1 new ordinary share to be admitted to trading on AIM and it is expected that such admission will take place at 8.00 a.m. on 20 November 2015.

Total voting rights

Following the redemption, the total issued share capital of the Company now comprises 276,381,948 ordinary shares of £0.01 each ("Ordinary Shares") and 9,707,102 Second Tranche Deferred Convertible Securities of £0.01 each (which Second Tranche Deferred Convertible Securities carry no voting rights).

Of the 276,381,948 Ordinary Shares in issue, 4,500,058 Ordinary Shares are held by the Company in treasury and a further aggregate 28,812,191 Ordinary Shares are held by the Company and its wholly-owned subsidiary, Ambrian Metals Limited, all of which Ordinary Shares do not carry voting rights whilst so held.

Accordingly, the total number of Ordinary Shares in Ambrian with voting rights is 243,069,699. This figure of 243,069,699 may be used by Ambrian shareholders as the denominator for calculations to determine if they have a notifiable interest in Ambrian under the Disclosure and Transparency Rules, or if such interest has changed.

For further information, please contact:-