Share Capital

Securities in Issue    Number
 Number of ordinary shares in issue  214,244,843
      Adriatic does not hold any shares in Treasury.  
Unlisted Options   12,287,179
Unlisted Performance Rights     3,853,659
Warrants     2,651,020
Convertible debentures*     9,452,387
Fully diluted share capital  242,489,088

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

The above figure of 213,933,369 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     16.08%
Mr Paul D Cronin      8.48%
Mr Milos Bosnjakovic      6.89%
Datt Capital       4.33%
Mr Eric de Mori      4.21%
RBC Capital Markets      4.00%

*Last updated 26 March 2021