15 January 2024

The following amendments have been made to the 'Director/PDMR Shareholdings' announcement released on 12 January 2024 at 07:00 under RNS No 4466Z:

Following this purchase John Fitzgerlad, together with his spouse, holds 1,271,211 ordinary shares representing 0.36% of the Company's issued share capital.

All other details remain unchanged.

The full amended text is shown below.

Mercantile Ports & Logistics Limited

("MPL" or the "Company" and, together with its subsidiaries, the "Group")

Director/PDMR Shareholdings

Mercantile Ports & Logistics Limited, which is operating and continuing to develop a port and logistics facility in Navi Mumbai, Maharashtra, India, announces that it has been notified that on 11 January 2024, John Fitzgerald, Non-Executive Director of the Company, purchased 624,419 ordinary shares of nil par value each in the capital of the Company ("Ordinary Shares") at a price of 1.5725 pence per Ordinary Share.

As a result, John Fitzgerald, together with his spouse, is now interested in a total of 1,271,211 Ordinary Shares, representing 0.36% of the Company's issued share capital.

The information below, set out in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.

- Ends -

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

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