Primorus Investments plc

("Primorus" or the "Company")

Update on Alteration Earth PLC Investment

Further to the RNS announcements of 24 December 2021 and 31 January 2022 in relation to the Company's (AIM: PRIM) investment into Alteration Earth PLC ("ALTE"), Primorus provides a brief update as set out below.

Primorus has signed a deed of amendment which extends the time for ALTE to complete its prospectus and obtain its listing on the Standard Segment of the Main Market of the London Stock Exchange.

The date has been extended to 4 April 2022. 

Primorus has been informed that there are a few minor points of clarification remaining and the board of ALTE are optimistic that the process is nearing its conclusion.  Following this, and assuming no material issues are raised, ALTE is expecting to obtain its listing without any further amendments to the timeframe.

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Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company's ability to execute and implement future plans, and the occurrence of unexpected events. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.