Appointment of Non-executive Director

Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company

11 March 2019

Armadale Capital Plc (‘Armadale’ or ‘the Company’)

Appointment of Non-executive Director

Armadale Capital plc (LON:ACP), the AIM quoted investment company focused on natural resource projects in Africa, is pleased to announce that, further to the announcement of 27 February 2019, Paul Johnson has been appointed to the Board as a Non-executive Director with immediate effect.

Mr. Johnson is an experienced public company director and is a former Chief Executive Officer of natural resource investing company Metal Tiger plc (LON:MTR). He has also previously held the roles of Chairman at ECR Minerals plc (LON:ECR); Chief Executive Officer at China Africa Resources plc (now Pembridge Resources plc (LON:PERE) and Metal NRG plc (LON:MNRG); and Non-executive Director at Greatland Gold plc (LON:GGP), Papua Mining plc (now Rockfire Resources plc LON:ROCK) and Thor Mining plc (LON:THR).

Mr. Johnson is the Chief Executive Officer of Value Generation Limited, a family investment and advisory company focused on the natural resource and related fintech sectors. He is also Executive Director of African Battery Metals plc (LON:ABM) an AIM quoted exploration and development company focused on battery metal projects in Africa.

Mr. Johnson holds a degree in Management Science from the University of Manchester Institute of Science and Technology and is a Chartered Accountant, Chartered Loss Adjuster and Associate of the Chartered Insurance Institute.

Nick Johansen, Director of Armadale, said, “We are delighted to welcome Paul Johnson to the Board at such an exciting time as we look to deliver the Definitive Feasibility Study for our high-grade Mahenge Liandu Graphite project in Tanzania.

“Paul’s participation in the recent strategic financing, along with certain directors, management and key stakeholders, is testament to our shared belief in the potential of Mahenge Liandu and we look forward to providing further updates on its development over the coming months.”

The information required by Schedule 2 Paragraph (g) of the AIM Rules for Companies in relation to the appointment of Paul Johnson (aged 49) as Chief Executive Officer is as follows:

Current Directorships		Past Directorships
African Battery Metals PLC Loncad Limited Value Generation Limited Tomas Capital Limited Glenpani Capital Limited GPC 101 Limited Catalyst Information Services Limited		Thor Mining Plc Metal NRG Plc Pembridge Resources Plc (formerly China Africa Resources Plc) Rockfire Resources Plc (formerly Papua Mining Plc ) NTZ Resources Limited Metal Capital Limited Metal Tiger Plc Open 2 Barter Limited Greatland Gold Plc Catalyst Strategies Limited Strathmore Accountants Limited Commercial Assure Limited ECR Minerals Plc

Value Generation Limited a company beneficially owned by Paul Johnson and his wife Michelle Louise Johnson acquired 2,272,727 shares in the Company in the Strategic Financing announced on 27 February 2019 and which are due to be admitted on or around 12 March 2019.

PDMR Disclosure

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.

1.		Details of the person discharging managerial responsibilities/person closely associated
a)		Name:		Paul Johnson
2.		Reason for the notification
a)		Position/status:		Non-Executive Director
b)		Initial notification/Amendment:		Initial notification
3.		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name:		Armadale Capital Plc
b)		LEI:		213800495EK876JETD10
4.		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)		Description of the financial instrument, type of instrument: Identification code:		Ordinary Shares of 0.1 pence each   ISIN: GB00BYMSY631
b)		Nature of the transaction:		Share Options
c)		Price(s) and volume(s):		Price(s) 2.2 pence   Volume(s) 7,500,000
d)		Aggregated information: Aggregated volume: Price:		Single transaction as in 4 c) above Price(s) 2.2 pence   Volume(s) 7,500,000
e)		Date of the transaction:		07 March 2019
f)		Place of the transaction:		Outside a trading venue

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

**ENDS**

For further information, please visit the Company’s website www.armadalecapitalplc.com, follow Armadale on Twitter @ArmadaleCapital or contact:

Enquiries:
Armadale Capital Plc Tim Jones, Company Secretary		+44 20 7236 1177
Nomad and broker: finnCap Ltd Christopher Raggett / Max Bullen-Smith		+44 20 7220 0500
Joint Broker: SVS Securities Tom Curran / Ben Tadd		+44 20 3700 0093
Press Relations: St Brides Partners Ltd Isabel de Salis / Juliet Earl		+44 20 7236 1177

Notes

Armadale Capital Plc is focused on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors in Africa. The Company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth businesses where it can take an active role in their advancement. Its current key focus is the Mahenge Liandu graphite project in south-east Tanzania, located in a highly prospective region with a high-grade JORC compliant inferred mineral resource estimate of 51.1Mt @ 9.3% TGC. Marking the project one of the largest high-grade resources in Tanzania, and work to date has demonstrated Mahenge Liandu’s potential as a commercially viable deposit with significant tonnage, high-grade coarse flake and near surface mineralisation (implying a low strip ratio) contained within one contiguous ore body.

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