Afcon Holdings Ltd.

AGM Information • Oct 20, 2021

National Storage Mechanism | Additional information

RNS Number : 7147P

Fortiana Holdings Limited

20 October 2021

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"), WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS

20 October 2021

FORTIANA HOLDINGS LIMITED ("FORTIANA")

Rule 19.6(c) confirmation in respect of post-offer intention statements made in relation to Highland Gold Mining Limited ("Highland Gold").

Fortiana announces that, further to the completion of its recommended mandatory cash offer for the entire issued and to be issued share capital of Highland Gold (other than the Highland Gold shares already held or agreed to be held by Fortiana), which was declared wholly unconditional on 20 October 2020, it has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that as of the date of this announcement it has complied with its post-offer intention statements made pursuant to Rules 2.7(c)(iv) and 24.2 of the Code, as originally detailed in the announcement issued on 31 July 2020 and the offer document published on 21 September 2020.

Enquiries

EM (PR adviser to Fortiana)

Denis Denisov                         Tel: +7 985 410 3544

Samuel Vanderlip                    Tel: +44 207 002 7859

VTB Capital (Financial adviser to Fortiana)

Alex Metherell                         Tel: +44 20 3334 8000

Giles Coffey                            Tel: +44 20 3334 8000

Vadim Astapovich                   Tel: +44 20 3334 8000

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