Exercise of Warrants

Contango Holdings Plc

Exercise of Warrants

16 February 2021

Contango Holdings Plc

("Contango Holdings" or the "Company")

Exercise of Warrants

Contango Holdings Plc ("Contango" or the "Company"), announces that it has received a notice to exercise warrants for 1,250,000 ordinary shares ("Ordinary Shares") for which funds of £52,500 have been received (the "New Shares").

An application has been made for the New Shares to be admitted to trading on the official list and the London Stock Exchange with effect from 22 February 2021 ("Admission").

In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, the Company's enlarged issued ordinary share capital will comprise 241,466,611 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure Guidance and Transparency Rules.

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