2 February 2022

Duke Royalty Limited

("Duke Royalty", "Duke" or the "Company")

Directorate Changes

Duke Royalty, a provider of alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and North America, is pleased to announce that Maree Wilms will be joining the Board of Duke as a Non-Executive Director. On completion of the necessary compliance and regulatory approvals currently being undertaken by the Company's Nominated Advisor, Maree is expected to formally join the Board later this month and a further announcement will be made once the appointment is finalised.

Maree, a resident of Guernsey, brings extensive corporate governance, fund management & structuring experience to the Group. She is co-founder and CEO of Zeta Asset Management ICC Limited ("Zeta"), a Guernsey domiciled entity specialising in the creation of regulated asset management companies in Guernsey and fund structures across offshore jurisdictions. In addition to her role at Zeta, Maree is COO of South Africa Alpha Capital Management Limited, a fund advisory and structuring platform which has launched and advised more than 60 funds. Maree commenced her career at Adelphi Capital Limited, where she worked as a Hedge Fund Analyst for nine years.

The Company also announces that Mark LeTissier is stepping down as Non-Executive Director. As European Regional Managing Director of Trident Trust, Duke's administrator, this will allow a greater level of independence on the Board. Mark steps down effective upon Maree's formal appointment to the Board.    

Nigel Birrell, Chairman of Duke Royalty, said:

"We are pleased to welcome Maree to the Board of Duke during this exciting time in our development and look forward to benefitting from her extensive experience in funds, structuring and governance. This appointment will bring a greater level of independence and diversity for the Board, which will be highly valuable as we focus on further scaling our portfolio and business to benefit shareholders.

"I would like to take this opportunity to thank Mark for his five years of service on the Board of Duke Royalty. He has played a fundamental role in overseeing the Company's transition from a small business to a diversified portfolio with 13 investee companies. His contribution has been invaluable and we wish him all the best for the future."

***ENDS***

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

About Duke Royalty

Duke Royalty Limited provides alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad. Duke Royalty's experienced team provide financing solutions to private companies that are in need of capital but whose owners wish to maintain equity control of their business. Duke Royalty's royalty investments are intended to provide robust, stable, long term returns to its shareholders. Duke Royalty is listed on the AIM market under the ticker DUKE and is headquartered in Guernsey.