Primorus Investments plc

("Primorus" or the "Company")

Update on Alteration Earth PLC Investment

Further to the announcement of 5 May 2022 in relation to the Company's (AIM: PRIM) investment into Alteration Earth PLC ("ALTE"), Primorus provides a brief update as set out below.

Primorus is pleased to announce that it has been informed by ALTE that it has cleared the comments and eligibility stages of the listing process. ALTE has advised that it expects to obtain a confirmed listing date within the next three weeks, upon which ALTE will shortly thereafter commence trading on the Standard Segment of the Main Market of the London Stock Exchange.

Primorus has signed a deed of amendment which extends the time for ALTE to obtain its listing on the Standard Segment of the Main Market of the London Stock Exchange.

The date has been extended from 6 June 2022 to 1 July 2022. 

The Company is looking forward to ALTE commencing trading and progressing with its published strategy. 

ALTE has informed the Company that it is expecting to obtain its listing without any further amendments to the timeframe.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation.

For further information please contact:

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company's ability to execute and implement future plans, and the occurrence of unexpected events. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.