8 July 2024

The following amendment has been made to the 'Director/PDMR Shareholding' announcement released on 5 July 2024 at 3.23pm under RNS Number 3758V.

The announcement incorrectly stated that following the purchase of shares James Leahy's shareholding was 2,350,000 shares representing 0.68% of the Company's issued share capital.  The correct number is 538,333 shares representing 0.16% of the Company's issued share capital.

All other details remain unchanged.

The full amended text is shown below.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Capital Metals plc

("Capital Metals" or the "Company")

Director / PDMR Shareholding - Replacement

Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka (the "Project"), announces that James Leahy, Non-Executive Director, purchased 350,000 ordinary shares of 0.2 pence each ("Ordinary Shares") in the Company on 5 July 2024.

Following this purchase, Mr Leahy holds 538,333 Ordinary Shares representing 0.16% of the Company's issued share capital.

For further information, please visit www.capitalmetals.com or contact:

About Capital Metals

Capital Metals is a UK company listed on the London Stock Exchange (AIM: CMET). We are developing the Eastern Minerals Project in Sri Lanka, approximately 220km east of Colombo, containing industrial minerals including ilmenite, rutile, zircon, and garnet. The Project is one of the highest-grade mineral sands projects globally, with potential for further grade and resource expansion. In 2022, a third-party Preliminary Economic Assessment provided a Project NPV of US$155-235m based on existing resources, with further identified optimisation potential. We are committed to applying modern mining practices and bringing significant positive benefits to Sri Lanka and the local community. We expect over 300 direct new jobs to be created and over US$130m in direct government royalties and taxes to be paid.

Appendix - Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.