Contango Holdings Plc / Index: LSE / Epic: CGO / Sector: Natural Resources

29 September 2022

Contango Holdings Plc

('Contango' or the 'Company')

2022 Excellence in Community, Empowerment & Social Impact Award

Contango Holdings Plc ("Contango"), the London listed natural resource company developing the Lubu Coking Coal Project in Zimbabwe ("Lubu Project") is delighted to advise that its subsidiary Monaf Investments ("Monaf"), the operating company for the Lubu Project, has been declared the winner of the 2022 Excellence in Community, Empowerment & Social Impact Award.

Monaf was selected as winner by Corporate Social Responsibility Network Zimbabwe (CSRNZ), together with the Minister of Provincial Affairs and Devolution for Matabeleland North Province, with Monaf's efforts in supporting issues of sustainability in the Province of Matabeleland North receiving specific commendation, along with the positive impact Monaf is playing in developing and promoting the Government's Vision 2030 and Sustainable Development Goals.

Carl Esprey, CEO of Contango, commented:

"On behalf of Monaf Investments, I would like to publicly thank CSRNZ, the Minister for Provincial Affairs and Devolution for Matabeleland North Province for this award. The fact that this support is drawn from the central government, rural council and village chiefs combined is truly a great honour for Monaf and acknowledges the hard work being done for the community and environment as part of the development of Lubu.

"This unilateral support is heartening and comes at a time when we are nearing first sales of coking coal this year at Lubu under our offtake agreement with AtoZ. We will continue to work diligently at Contango and its subsidiaries to ensure all operations are undertaken with the strictest ESG principles for the betterment of the region and Zimbabwe.

"I look forward to updating the market next quarter, in what we expect to be a hallmark period for the Company."

**ENDS**

For further information, please visit www.contango-holdings-plc.co.uk or contact: