MTR : Notification of Major Holdings

Notification of Major Holdings

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer andto the FCA in Microsoft Word

format if possible)ⁱ

1a. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attachedⁱⁱ:

Metal Tiger PLC 1b. Please indicate if the issuer is a non-UK issuer (please mark with an 'X' if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an 'X') An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)ⁱⁱⁱ: 3. Details of person subject to the notification obligation^iv Name Sprott Inc. City and country of registered office (if applicable) Toronto (Ontario), Canada 4. Full name of shareholder(s) (if different from 3.)^v Name Exploration Capital Partners 2014 LP City and country of registered office (if applicable) Carlsbad (California), United States Name Sprott Asset Management LP City and country of registered office (if applicable) Toronto (Ontario), Canada Name Sprott Asset Management USA Inc. City and country of registered office (if applicable) Carlsbad (California), United States Name Sprott Global Resource Investments Ltd. City and country of registered office (if applicable) Carlsbad (California), United States

5. Date on which the threshold was crossed or
reached^vi:

17 September 2018 6. Date on which issuer notified (DD/MM/YYYY): 20 September 2018 7. Total positions of person(s) subject to the notification obligation

% of voting rights
attached to shares
(total of 8. A)

% of voting rights
through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in %
(8.A + 8.B)

Total number of
voting rights of
issuer^vii

Resulting situation
on the date on which
threshold was
crossed or reached

12.70% Nil 12.70% 1,349,956,065

Position of previous
notification (if
applicable)

16.41% Nil 16.41%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB0030493232		171,397,942					12.70%
SUBTOTAL 8. A		171,397,942					12.70%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an 'X')
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Fullchain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)				X
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Sprott Inc.	12.70%	N/A	12.70%
Resource Capital Investment Corporation (as investment manager of Exploration Capital Partners 2014 LP)	10.18%	N/A	10.18%
Exploration Capital Partners 2014 LP	10.18%	N/A	10.18%
Sprott Inc.	12.70%	N/A	12.70%
Sprott Asset Management LP	Less than 3%	N/A	Less than 3%
Sprott Inc.	12.70%	N/A	12.70%
Sprott Asset Management USA Inc.	Less than 3%	N/A	Less than 3%
Sprott Inc.	12.70%	N/A	12.70%
Sprott Global Resource Investments Ltd.	Less than 3%	N/A	Less than 3%
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi

Place of completion	London, United Kingdom
Date of completion	20 September 2018

Metal Tiger plc

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