NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OF SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR A SOLICITATION TO BUY SECURITIES IN ANY JURISDICTION, INCLUDING THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU AS IT FORMS PART OF THE LAW OF ENGLAND AND WALES BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. IN ADDITION, MARKET SOUNDINGS WERE TAKEN IN RESPECT OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

Contango Holdings Plc / Index: LSE / Epic: CGO / Sector: Natural Resources

1 November 2022

Contango Holdings Plc

("Contango" or the "Company")

Publication of Prospectus

Contango Holdings Plc, the London listed natural resource company developing the Lubu Coal Project in Zimbabwe ("Lubu Project"), is pleased to announce the publication of a prospectus, as approved by the Financial Conduct Authority, (the "Prospectus") in connection with the Placing, announced on 31 October 2022. 

A total of 125,000,000 Placing Shares in connection with the Placing and 21,390,000 Performance Shares in connection with the Performance Options will be admitted to trading and admission of the Placing Shares and Performance Shares is expected to take place at 8.00 a.m. on Monday 7 November 2022 ("Admission").  The Placing, is conditional, inter alia, on Admission.

Further information is set out in the Prospectus, which can be accessed electronically from the Company's website at www.contango-holdings-plc.co.uk.

A copy of the Prospectus has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Unless otherwise defined herein, terms defined in the previous announcements have the same meanings herein.

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the FCA ("DTRs"), the Company confirms that, following Admission, and assuming issue of the Consideration Shares in respect of the Acquisition (both as defined in the previous announcements), its issued share capital will comprise 472,724,023 Ordinary Shares, each of which carries the right to vote, with no Ordinary Shares held in treasury. This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the DTRs.

**ENDS**

For further information, please visit www.contango-holdings-plc.co.uk or contact: