Allotment of Shares and Total Voting Rights.

27 June 2025

 Adriatic Metals PLC 

("Adriatic Metals" or the "Company")

Allotment of Shares and Total Voting Rights

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) announces that it has today allotted 213,898 new ordinary shares of ‎1.3355 pence each in the capital of the Company to Laura Tyler, the Company's Managing Director and CEO ("New Shares").

The New Shares allotted follow shareholder approvals passed at the Company's annual general meeting held on 18 June 2025 in relation to, and the New Shares comprise:

·      ‎the allotment of 105,450‎ shares‎, at an issue price of A$2.8764 per share, in satisfaction of ‎‎50% of Ms Tyler's pro-rated annualised fee for services as the Company's interim Managing Director and CEO; and‎

·      the allotment of 108,448 shares‎, at an issue price of A$4.3598 per share, in lieu of ‎the cash bonus amount awarded to Ms Tyler‎ as part of her interim period ‎compensation package.

Further details in relation to such allotments and the applicable issue prices are set out in the Company's Notice of Annual General Meeting and explanatory circular dated 14 May 2025.

‎Ms Tyler is considered by the Company to be a person discharging managerial responsibilities (PDMR) and regulatory notifications will be made as appropriate in respect of the above dealing of New Shares.

The New Shares allotted rank pari passu in all respects with the existing ordinary shares of the Company.

Applications will be made to the Financial Conduct Authority ("FCA") for admission of the New Shares to the Equity Shares (Transition) Category of the FCA's Official List and to the London Stock Exchange for admission of ‎the New Shares to trading on the London Stock Exchange's Main Market for listed securities ‎‎("Admission"). Admission is expected to take place on or around 4 July 2025‎.

The Company confirms that as at the date of this announcement, the Company's issued share capital comprises 345,509,191 ordinary shares of £0.013355 each, with each share carrying the right to one vote. The Company does not hold any ordinary shares in treasury. The above figure of 345,509,191 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or of a change to their interest in, the Company.

Market Abuse Regulation Disclosure

The information contained within this announcement is deemed by Adriatic (LEI: 549300OHAH2GL1DP0L61) to constitute inside ‎information as stipulated under Article 7 of the Market Abuse Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended ("UK Market Abuse Regulation").

The person ‎responsible for arranging and authorising the release of this announcement on behalf of Adriatic is Laura Tyler, Managing Director and CEO.

**ends**

For further information please visit www.adriaticmetals.com; @AdriaticMetals on X; email: info@adriaticmetals.com; or contact: