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PERSEUS MINING LIMITED Capital/Financing Update 2019

Apr 1, 2019

46513_rns_2019-04-01_396e72ca-d308-4c6f-a284-d94a7ddca620.pdf

Capital/Financing Update

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2 April 2019

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PERSEUS UK DEPOSITARY INTEREST FACILITY

On 18 April 2016 a scheme of arrangement between Perseus Mining Limited (ASX/TSX: PRU) (“Perseus”) and Amara Mining plc and its shareholders became effective pursuant to which Perseus issued ordinary shares and warrants to Amara shareholders.

Subsequent to the scheme becoming effective, Perseus arranged for the establishment of a Depositary Interest facility to facilitate settlement of share issue to shareholders that were UK residents. The initial term of the facility was 12 months from the Scheme Effective Date. The Depositary Interest facility was subsequently extended until 18 April 2019.

Shareholders are advised that the Depositary Interest facility has been extended for three further months until 18 July 2019 to allow warrant holders to exercise their warrants and then consolidate their holdings. Perseus will advise in due course whether the Depositary Interest facility will be further extended after 18 July 2019.

To discuss any aspect of this announcement, please contact:

Company Secretary: Martijn Bosboom at telephone + 61 8 61441700 or email [email protected]; or

General Manager BD & IR: Andrew Grove at telephone +61 8 6144 1700 or email [email protected]

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