Share Capital

Securities in Issue    Number
 Number of ordinary shares in issue  179,840,987
      Adriatic does not hold any shares in Treasury.  
Unlisted Options   19,600,000
Unlisted Performance Rights     5,310,000
Fully diluted share capital  204,750,987

The above figure of 179,840,987 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 18.8%
Major Shareholders holding more than 3% of issued share capital* Percentage
Sandfire Resources     15.8%
Mr Paul D Cronin      9.8%
Mr Milos Bosnjakovic      8.9%
Mr Eric de Mori      5.2%
Datt Capital      5.0%
RBC Capital Markets      4.7%
Mr Charles W Morgan      3.1%

*Last updated 17 April 2020