Exercise of Warrants - replacement

The following amendment has been made to the Exercise of Warrants announcement released on 8 January 2021 at 3.00 p.m. under RNS No 1238L.

The enlarged issued share capital was incorrectly stated as 294,216,611 and should have read 240,216,611.

All other details remain unchanged.

The full amended text is shown below.

Contango Holdings Plc / Index: LSE / Epic: CGO / Sector: Natural Resources

8 January 2021

Contango Holdings Plc

('Contango' or the 'Company')

Exercise of Warrants

Contango Holdings Plc, the London listed natural resource development company, announces that it has received a notice to exercise warrants for 583,333 ordinary shares ("Ordinary Shares") for which funds of £29,166 have been received (the "New Shares").

An application has been made for the New Shares to be admitted to trading on the London Stock Exchange with effect from 14 January 2021 ("Admission").

In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, the Company's enlarged issued ordinary share capital will comprise 240,216,611 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please visit www.contango-holdings-plc.co.uk or contact:

**ENDS**

For further information, please visit www.contango-holdings-plc.co.uk or contact: