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

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

a)

Name

 Obtala Limited

b)

LEI

 2138001U7SLCSRKV3P06

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

Share purchase

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

 500,000

 £32,500

e)

Date of the transaction

 31/10/2018

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

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

a)

Name

 Obtala Limited

b)

LEI

 2138001U7SLCSRKV3P06

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 1,786 OBT LN basis

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

300 Argento Preference Shares

$350 per share

e)

Date of the transaction

31/10/2018

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 & Broker)

David Hignell/Dugald J. Carlean/Domile Andruskeviciute

+44 (0)20 3861 6625