Result of General Meeting & Issue of Equity

Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining

24 August 2020

Keras Resources plc ('Keras' or the 'Company')

Result of General Meeting & Issue of Equity

Keras Resources plc, the AIM listed mineral resource company, is pleased to announce that at the General Meeting of the Company held today, all resolutions as set out in the Notice of General Meeting dated 30 July 2020 (the "Notice"), were passed by shareholders.  The resolutions proposed were in connection with obtaining additional share issuing authorities to complete the acquisition of a 51% interest in Falcon Isle Holdings LLC as announced on 30 July 2020.  Falcon Isle is the 100% owner of the Diamond Creek phosphate mine located in in Utah (USA) which is a fully permitted, high grade direct shipping ore, low capex organic phosphate operating mine.

As announced on 30 July 2020, 1,191,230,001 new Ordinary Shares commenced trading on the AIM market of the London Stock Exchange ("AIM") on 13 August 2020 ("First Admission"), and following the passing of all resolutions at today's General Meeting, application has been made for admission of a further 889,975,668 new Ordinary Shares to trading on the AIM market of the London Stock Exchange ("AIM") at 08:00 on 25 August 2020 ("Second Admission").  The new Ordinary Shares will rank pari passu with the existing Ordinary Shares, which are currently traded on AIM.

Following Second Admission, there will be 4,866,007,851 Ordinary Shares in issue with each share carrying the right to one vote.  There are no shares currently held in treasury.  The total number of voting rights in the Company will therefore be 4,866,007,851  and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Rules and Transparency Rules.

As disclosed in the announcement of 30 July 2020, following Second Admission, the beneficial interests of the Directors in the issued Ordinary Shares is as follows:

**ENDS**

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