Conversion of Loan Notes & Total Voting Rights

Cradle Arc Plc / EPIC: CRA.L / Market: AIM / Sector: Mining

11 October 2018

Cradle Arc plc

("Cradle Arc" or the "Company")

Conversion of Loan Notes & Total Voting Rights

Cradle Arc (AIM:CRA), the African focused base and precious metals exploration and production company, announces that a holder (the "Noteholder") of certain of the outstanding convertible loan notes issued by the Company on 16 January 2017 (the "Notes") has elected to convert its Notes into new ordinary shares of £0.0001 each in the capital of the Company ("Ordinary Shares") under the terms of such Notes.

Accordingly, in aggregate, 21,846,846 new Ordinary Shares (the "Conversion Shares") have been issued to the Noteholder in two tranches. The first tranche of 13,513,513 Ordinary Shares has been issued at a price of £0.0074 per share and the second tranche of 8,333,333 Ordinary Shares has been issued at a price of £0.009 per share, in accordance with the terms of the Notes and dates of the conversion notices received by Company.

Total Voting Rights

Application has been made for admission of the Conversion Shares to trading on AIM, with such admission expected to become effective at 8.00 a.m. on 16 October 2018. Following admission, the share capital of the Company will comprise 298,238,845 Ordinary Shares and, accordingly, the total number of voting rights will be 298,238,845.

The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Cradle Arc under the FCA's Disclosure Guidance and Transparency Rules.

**ENDS**

For further information on the Company, please visit www.cradlearc.com or contact:

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

About Cradle Arc

AIM-quoted Cradle Arc plc is the 60 per cent. owner of the Mowana copper mine in Botswana, an operational open pit mine and processing facility located in the north-east of the country, approximately 120 km northwest of Francistown.

The Company has an independent open pit ore reserve estimate (Proved and Probable JORC 2012) of 31.8 Mt at 1.17% Cu for 370,800 tonnes contained copper, based on a Dense Media Separation (DMS) mine plan.