Financial Conduct Authority Approves Registration Document

Anglo African Agriculture PLC

As announced on 9 June 2019, AAA signed conditional share purchase agreements to acquire the entire issued share capital of Comarco Group, a Kenyan port and marine logistics group (the "Proposed Acquisition"). The Proposed Acquisition is conditional, inter alia, the completion of a Fundraising and Vendor Placing of approximately $22m, the publication of a Share Registration Document (SRD) and Prospectus, shareholder approval in general meeting and Admission of the enlarged share capital to trading on the Main Market of the London Stock Exchange (the “Re-Admission”).

Anglo African Agriculture PLC Confirmation of Intention to Float on the London Stock Exchange

Anglo African Agriculture PLC

Following the announcement by the Company on 4 November 2019 regarding the publication of a registration document, the Company today confirms its intention to proceed with the Proposed Acquisition of Comarco Group by means of an RTO. In connection with the Proposed Acquisition, the Company intends to undertake a fundraising of $16 million in a placing at 10p per new ordinary share together with a proposed vendor placing of $6 million on behalf of certain shareholders of Comarco Group (the “Fundraise”).

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