Holding(s) in Company

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Nyota Mineral Limited

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Frank Walmsley

4. Full name of shareholder(s)  (if different from 3.):iv

Frank Walmsley

Lynn Angela Walmsley

Leanne Claire Walmsley

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

16/03/17

6. Date on which issuer notified:

16/03/17

7. Threshold(s) that is/are crossed orreached: vi, vii

3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

A000000NTO7

56056452

56056452

56436590

56436590

3%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

56436590

3%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

Frank Walmsley 16,858,703

Lynn Angela Walmsley 26,951,384

Leanne Claire Walmsley 12,626,503

together totalling 56,436,590

14. Contact name:

Frank Walmsley

15. Contact telephone number:

N/A

Jonathan Morley-Kirk

Chairman, Nyota Minerals Limited

+44 7797 859986

Michael Cornish

James Biddle

Beaumont Cornish Limited

Nominated Advisor

+44 (0) 207 628 3396

Rupert Williams

Jeremy Woodgate

Smaller Company Capital Limited

+44 (0) 20 3651 2912