Holding in Company

13 April 2016

Kodal Minerals plc

("Kodal Minerals" or the "Company")

Holding in Company

Kodal Minerals, the mineral development and exploration company owning extraction and exploration licences in Norway, was notified on 11 April 2016 that Mr Paul Johnson no longer holds a notifiable interest in the ordinary shares of £0.0003125 each in the capital of the Company.

Contact details:

Kodal Minerals plcLuke Bryan, Chief Executive Officer Tel: 020 3470 0470

Allenby Capital Limited, Nominated Adviser Tel: 020 3328 5656

Jeremy Porter/Nick Harriss

SP Angel Corporate Finance LLP, Financial Adviser & Broker Tel: 020 3470 0470

John Mackay/Laura Harrison