Contango : Result of GM

17 June 2020

Contango Holdings Plc

('Contango' or the 'Company')

Result of General Meeting

Contango Holdings Plc ("Contango" or the "Company") is pleased to announce at its General Meeting held earlier today all resolutions were duly passed.

Accordingly the Company has today authorised the issue and allotment of 128,849,961 ordinary shares of £0.01 each (the "Ordinary Shares") at a price of £0.05 each to Consolidated Growth Holdings

Limited, 28,000,000 Ordinary Shares at a placing price of £0.05 raising gross proceeds of £1,400,000 (the "Placing") and 3,333,330 Ordinary Shares at a price of £0.375 per share in lieu of a completion bonus; collectively the "New Ordinary Shares".

The full details are set out in the announcement dated 22 May 2020.

Admission to Trading on the Main Market

Further to the announcement on 22 May 2020, the London Stock Exchange has conditionally accepted the application for the existing share capital of the Company to be readmitted and for the New

Ordinary Shares to be admitted to the official list by way of a standard listing ("Readmission") and it is anticipated that Readmission will take place tomorrow, 18 June 2020. The New Ordinary Shares will rank pari passu with the existing ordinary shares. The Company confirms that, following the issue of the New Ordinary Shares, its issued share capital will comprise 203,133,278 Ordinary Shares upon Readmission. All of these Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company will therefore be 203,133,278 upon Readmission.

For further information, please visitwww.contango-holdings-plc.co.ukor contact:

Contango Holdings plc	E:[e-mail]
Brandon Hill Capital Limited	T: [phone]
Financial Adviser & Broker
Jonathan Evans
St Brides Partners Ltd	T: [phone]
Financial PR & Investor Relations
Catherine Leftley/Cosima Akerman

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.