Metals Exploration PlcLSE: MTL

Major Shareholdings

8 October 2024

Metals Exploration PLC

Major Shareholdings

Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), a gold producer in the Philippines, has been notified of the sale, at 6p per share, of 100 million ordinary shares of £0.0001 each ("Ordinary Shares") by MTL Luxembourg S.a.r.l. to existing shareholder, Drachs Investments No 3 Limited.  The trade took place on 8 October 2024.

Following this transaction, the significant shareholdings of which the Company is aware are:

Shareholder

Number of Ordinary shares

Percentage of Company's voting rights

MTL Luxembourg S.a.r.l.

651,000,000

37.67%

Drachs Investments No3 Limited

317,532,143

18.37%

Baker Steel Capital

64,838,429

3.75%

For further information, please contact or visit:

Metals Exploration PLC

Via Tavistock Communications Limited

+44 (0) 207 920 3150

Nominated & Financial Adviser:

STRAND HANSON LIMITED

James Spinney, James Dance, Rob Patrick

+44 (0) 207 409 3494

Broker:

HANNAM & PARTNERS

Matt Hasson, Franck Nganou

+44 (0) 207 907 8500

Public Relations:

TAVISTOCK COMMUNICATIONS LIMITED

Jos Simson, Nick Elwes

+44 (0) 207 920 3150

Web:

www.metalsexploration.com

X:

@MTLexploration

LinkedIn:

Metals Exploration