Share Capital

Securities in Issue    Number
 Number of ordinary shares in issue  263,734,882
      Adriatic does not hold any shares in Treasury.  
Unlisted Options   12,287,179
Unlisted Performance Rights     3,753,659
Warrants     2,651,020
Convertible debentures*     9,452,387
Fully diluted share capital  291,879,127

*Based on an exchange rate of 1USD : 1.3222 AUD

The above figure of 263,734,882 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 44.84%
Major Shareholders holding more than 3% of issued share capital* Percentage
Helikon Investments      10.0%
Orion Resource Partners      9.2%
Fidelity      6.0%
Mr Paul D Cronin*      5.5%
Mr Milos Bosnjakovic      5.4%
Datt Capital       3.3%
Sprott Asset Management       3.3%

*Includes 14,351,132 Ordinary Shares held by Dwellstone Limited, a company wholly-owned and controlled by Mr Paul Cronin.

Last updated 4 November 2021