European Metals : 15 Mar 2021Change in Major Holding

European Metals Holdings Limited

ARBN 154 618 989

15 March 2021

Suite 2

Change in Major Holdings

11 Ventnor Avenue

West Perth WA 6005

PO Box 1240

West Perth WA 6872

Phone + 61 8 6245 2050

Fax + 61 8 6245 2055 Website:www.europeanmet.com

European Metalsthe Company(ASX & AIM: EMH, NASDAQ: ERPNF) announces that the Company has lodged the following TR-1 Notification with the UK regulators notifying of a change in major holdings. Cadence Minerals Plc voting rights now sit at 10.84% of the issued capital of the Company.

For the purpose of ASX Listing Rule 15.5, the Company Secretary has authorised this announcement.

Directors & Management

Dennis Wilkins COMPANY SECRETARY

Keith Coughlan Executive Chairman

Richard Pavlik Executive Director

Kiran Morzaria Non-Executive Director

Lincoln P. Bloomfield Non-Executive Director

Dennis Wilkins Company Secretary

Corporate Information

ASX: EMH

AIM: EMH

NASDAQ: ERPNF

Pink: EMHLF

Frankfurt: E861.F

CDIs on Issue: 174.9

For immediate release

15 March 2021

EUROPEAN METALS HOLDINGS LIMITED

Holding(s) in Company

European MetalstheCompanyNASDAQ: ERPNF) announces that the Company has received the following TR-1 Notification:

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to 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:

European Metals Holdings Limited

1b. Please indicate if the issuer is a non-UK issuer

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes)

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

x

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

1

threshold was crossed or reached
Position of previous notification (if applicable)	11.92%	0.00%	11.92%

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 Di-rective 2004/109/EC) (DTR5.2.1)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Di-rective 2004/109/EC) (DTR5.2.1)
VGG3191T1021	18,958,583	10.84%
SUBTOTAL 8. A

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Number of voting rights

Type of financial in-strumentExpiration datexExercise/ Conversion Periodxithat may be acquired if the instrument is exercised/converted.

% of voting rights

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an)
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	x
Full chain 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)
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial in-struments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold

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

On 23/10/2020 and as a result of the issue of 723,323 shares in European Metals Holdings Limited, Cadence Minerals PLC voting rights decreased to 11.76%.

On 13/11/2020 and as a result of the issue of 719,821 shares in European Metals Holdings Limited, Cadence Minerals PLC voting rights decreased to 11.71%.

On 25/11/2020 and as a result of the issue of 289,375 shares in European Metals Holdings Limited, Cadence Minerals PLC voting rights decreased to 11.69%.

On 21/12/2020 and as a result of the issue of 400,000 shares in European Metals Holdings Limited, Cadence Minerals PLC voting rights decreased to 11.66%.

On 6/01/2021 and as a result of the issue of 1,463,734 shares in European Metals Holdings Limited, Ca-dence Minerals PLC voting rights decreased to 11.55%.