Share Capital

Securities in Issue    Number
 Number of ordinary shares in issue  196,219,924
      Adriatic does not hold any shares in Treasury.  
Unlisted Options   16,969,779
Unlisted Performance Rights     3,560,000
Unlisted Warrants     4,128,633
Fully diluted share capital  220,878,336

The above figure of 196,219,924 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
Sandfire Resources     14.5%
Mr Paul D Cronin      9.0%
Mr Milos Bosnjakovic      8.2%
Sprott Inc      4.7%
Mr Eric de Mori      4.5%

*Last updated 13 October 2020