Director/PDMR Shareholding

Armstrong Ventures Plc

("Armstrong" or the "Company")

Grant of Options

The Board of Armstrong announces that it has established a new unapproved share option scheme to enable the Company to issue options to employees and directors of the Company ("Option Scheme") up to a maximum amount of 15% of the issued share capital of the Company at the date of grant.

In addition, the Company has agreed to grant 147,077,405 options to Haresh Kanabar (Chairman of the Company) and 63,033,173 options to Manish Kotecha (a director of the Company) pursuant to the Option Scheme ("Options"). Each Option will entitle the holder to subscribe for new ordinary shares of 0.01p each in the Company ("Shares") at an exercise price of 0.025 pence per Share (being the mid market price of the Shares immediately prior to the date of grant). The Options will vest when the mid market closing price of the Shares is at or above 0.04p at close of business on 5 consecutive trading days and are exercisable at any time within ten years from the date of grant. Haresh Kanabar currently holds 26,007,802 Shares in the Company. The Directors have no other interests in the share capital of the Company.

The grant of the Options is considered to be a related party transaction under AIM Rules for Companies. In the absence of any independent directors, Cairn Financial Advisers LLP, the Company's nominated adviser, considers that the terms of the transaction are fair and reasonable as far as the Company's shareholders are concerned.

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