ARGO BLOCKCHAIN PLC — Major Shareholding Notification 2018

Nov 2, 2018

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RNS Number : 2184G

Argo Blockchain PLC

02 November 2018

PRESS RELEASE

2 Nov. 2018

Argo Blockchain PLC

('Argo' or 'the Company')

Notification of Change in Holding

The Company has granted a request received from Adrian Beeston to transfer half of his shareholding in the Company to his wife, Sarah Rossi Beeston, for personal tax reasons. This transfer is conditional upon Mrs Beeston entering into a lock-in agreement with the Company.

Prior to Admission of the Company to the Official List and to trading on the Main Market of the London Stock Exchange PLC, Mr Beeston agreed with the Company that he would not, other than in certain limited circumstances, dispose of any shares in the Company (Lock-in Agreement). Mr Beeston remains subject to the Lock-in Agreement in relation to his remaining shareholding.  Mrs Beeston's lock-in agreement is on substantially similar terms to the Lock-in Agreement and is for a period of 12 months from 3 August 2018, being the same period as the Lock-in Agreement.

Prior to the transfer, Mr Beeston owned 12.6 million ordinary shares of £0.001 each in the Company (Ordinary Shares). Following the transfer, Mr Beeston will own 6.3 million Ordinary Shares, and Mrs Beeston will own 6.3 million Ordinary Shares. Mr and Mrs Beeston will therefore each hold approximately 2.14% of the Company's share capital.

For further information please contact:

Argo Blockchain
Neil Thapar Financial Communications Advisor			via Tancredi +44 207 887 7633 +44 07876 455323
Mirabaud Corporate Broker
Peter Krens			+44 203 167 7221
Tancredi Intelligent Communication Media Relations
Salamander Davoudi salamander@tancredigroup.com Georgia Hanias Georgia@tancredigroup.com			+44 7957 549 906 +44 7812 211 403

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			Argo Blockchain Plc
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			Adrian Beeston
City and country of registered office (if applicable)
4. Full name of shareholder(s) (if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			31st October 2018
6. Date on which issuer notified (DD/MM/YYYY):			31st October 2018
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	2.14%				293,750,000
Position of previous notification (if applicable)	4.29%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
		6,300,000					2.14%
SUBTOTAL 8. A		6,300,000					2.14%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1			n/a			n/a
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2			n/a	n/a

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii					X
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)
Namexv		% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Place of completion	London, UK
Date of completion	31st October 2018

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