Caracal Gold PLC (LON:GCAT) Update on Nairobi Securities Exchange Listing

Caracal Gold plc, the gold producer with operations in East Africa, is pleased to give an update on the proposed listing of the Company on the Nairobi Securities Exchange (‘NSE’).

The Company intends to list on the NSE via an introduction of the Company’s shares to the Growth Enterprise Market Segment (‘GEMS’) of the NSE (the ‘NSE Listing’).

The Company, with its advisers Faida and VSA, has made progress with the pre-listing requirements, with the only pending item being the updating of the latest consolidated accounts for Caracal Gold PLC, and the NSE Listing is expected to complete in the second quarter of 2022.

Following the NSE Listing, the Company plans to host a breakfast introduction for high-net-worth individuals and asset managers to Caracal Gold in Nairobi as well as a planned visit to tour the Kilimapesa mining site in Lolgorian, Trans Mara, Narok County, Kenya.

The successful listing on the Nairobi Securities Exchange will make Caracal, the first gold and related minerals mining company to be listed on the NSE. The Company believes that the NSE Listing will provide Kenyan investors with the opportunity to participate in the future growth of the Company and its activities in Kenya’s mining sector. The upcoming listing will also make Caracal Gold the second only company hold a dual listing on both the NSE and LSE.

Chief Executive Officer of Caracal Gold Plc, Robbie McCrae, said:

“The upcoming listing on the NSE is an exciting step for Caracal Gold PLC and for mining in Kenya. The support from both the Government of Kenya as well as the financial industry in Kenya has been fantastic.”

**ENDS*

For further information visit www.caracalgold.com or contact the following:

Caracal Gold plc

Gerard Kisbey-Green

Jason Brewer

[email protected]

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