Share Capital

Securities in Issue	Number
Number of ordinary shares in issue	306,222,045
Adriatic does not hold any shares in Treasury.
Unlisted Options	24,900
Unlisted Performance Rights	1,868,670
Fully diluted share capital	308,115,615

The above figure of 306,222,045 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 Adriatic under the FCA's Disclosure and Transparency Rules.

Securities not in Public Hands
The percentage of the Company's shares not in public hands is 39.2%

Major Shareholders holding more than 2% of issued share capital	Percentage
Helikon Investments	17.3%
Founders, Board & Management	14.0%
T. Rowe Price	9.6%
Orion Resource Partners	8.0%
Queen's Road Capital Investment	3.6%
Old West Investment Mgt	3.0%
Fidelity	2.7%
Global X	2.5%
Private Clients of Interactive Brokers	2.4%
European Bank of Reconstruction & Development	1.8%

Last updated 15 April 2024