Director/PDMR Shareholding

1.

Name of the issuer

Atlas Mara Co-Nvest Limited

2.

State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R,

(ii) a disclosure made in accordance with LR 9.8.6R(1) or

(iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

(i) a transaction notified in accordance with DTR 3.1.2 R

3.

Name of person discharging managerial responsibilities/director

Robert E. Diamond Jr.

4.

State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

REDWM (Cayman) L.P.

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non beneficial interest 1

The notification is in respect of a holding of the person referred to in 3 above

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of no par value

7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

REDWM (Cayman) L.P.

8.

State the nature of the transaction

Exchange of shares held by REDWM (Cayman) L.P. in ADC African Development Corporation AG ("ADC") for the acquisition of ordinary shares in the Issuer pursuant to a voluntary offer made by the Issuer for 100% of ADC

9.

Number of shares, debentures or financial instruments relating to shares acquired

1,075,845 ordinary shares

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

3.76%

11.

Number of shares, debentures or financial instruments relating to shares disposed

N/A

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

13.

Price per share or value of transaction

5 shares in the Issuer were exchanged for every 4 shares held by REDWM (Cayman) L.P. in ADC

14.

Date and place of transaction

20 August 2014

United Kingdom

15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

1,675,845 ordinary shares representing 3.76%

16.

Date issuer informed of transaction

21 August 2014

17.

Date of grant

18.

Period during which or date on which exercisable

19.

Total amount paid (if any) for grant of the option

20.

Description of shares or debentures involved (class and number)

21.

Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

22.

Total number of shares or debentures over which options held following notification

23.

Any additional information

None.

24.

Name of contact and telephone number for queries

Mark WoodallInternational Administration Group (Guernsey) LimitedCompany Secretary+44 (0)1481 723450

Name of authorised official of issuer responsible for making notification:

International Administration Group (Guernsey) Limited, Company Secretary

Date of notification: 22 August 2014

(1)

An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2)

An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3)

An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4)

An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.