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

 Ordinary Shares

 OBT LN

 ISIN GG00B4WJSD17

b)

Nature of the transactions

Sale of ordinary shares

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

9,000,000

£720,000

e)

Date of the transaction

13/07/2018

f)

Place of the transaction

 London

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

Purchase of Argento Ltd Preference Shares which are convertible into Obtala Ltd ordinary shares on a 1 Argento to 1,797 OBT LN basis

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

 2,696 Argento Preference shares

 $350 per share

e)

Date of the transaction

13/07/2018

f)

Place of the transaction

 London

Obtala Limited

Miles Pelham - ChairmanPaul Dolan - CEOMartin Collins - Deputy Chairman

www.obtala.com

+44 (0)20 7099 1940

Northland Capital Partners Ltd (Nomad and Joint Broker)

Tom Price

Jamie Spotswood

+44 (0)20 3861 6625