27 March 2024

(EPIC: SRC / Market: AIM / Sector: Construction Materials)

SIGMAROC PLC

 ('SigmaRoc', the 'Group' or the 'Company')

Completion of acquisition of CRH's UK Lime operations

SigmaRoc, the Northern European quoted lime and limestone group, is pleased to announce that, further to its announcement on 4 March 2024, it has today completed the acquisition of the UK lime operations of CRH plc (the 'UK Target')  for a total consideration of €155 million (approximately £133 million).

The UK Target comprises CRH's UK lime operations, the leading producer of lime products in the UK. Founded in 1891 and headquartered in Buxton, Derbyshire, the business operates from sites in Tunstead and Hindlow, with a total of 5 permitted lime kilns. In the year ending 31 December 2022, the UK Target generated revenue of €105.4 million and operating profit of €19.5 million. The consideration payable for the UK Target will be satisfied by a draw down under the New Facilities.

Defined terms used throughout this announcement have the meanings set out in the admission document published by the Company on 23 November 2023 unless the context requires otherwise.

Information on the Company is available on its website, www.sigmaroc.com.

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About SigmaRoc plc:

SigmaRoc is a quoted lime and limestone group, targeting quarried materials assets in the UK and Northern Europe.

Lime and limestone are key resources in the transition to a more sustainable economy. New applications for lime and limestone products as part of a drive for sustainability include the production and recycling of lithium batteries, the decarbonisation of construction including through substitution of cementitious material and new building materials, and environmental applications including lake liming, air pollution and direct air capture.

SigmaRoc seeks to create value by purchasing assets in fragmented materials markets and extracting efficiencies through active management and by forming the assets into larger groups. It seeks to de- risk its investments through the selection of projects with strong asset backing.