Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 Miles Christian Pelham

2

Reason for the notification

a)

Position/status

 Chairman

b)

Initial notification/ Amendment

 Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 Obtala Limited

b)

LEI

 2138001U7SLCSRKV3P06

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

Unquoted preference shares in Argento Limited - a subsidiary of Obtala Limited

N/A

b)

Nature of the transactions

Sale of 54,358 Argento Ltd Preference Shares which are convertible into Obtala Ltd ordinary shares on a 1 Argento to 2,275 OBT LN basis from a personal holding into his pension scheme.

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

54,358 Argento Preference Shares

$19,025,300

e)

Date of the transaction

17 January 2019

f)

Place of the transaction

London

Obtala Limited

Miles Pelham - ChairmanPaul Dolan - CEO

www.obtala.com

+44 (0)20 7099 1940

Arden Partners Plc (Nominated adviser and broker)

Tom Price

Maria Gomez de Olea

+44 (0)20 7614 5900