Merger Scheme Booklet

• Proposed acquisition of Adriatic Metals Plc by Dundee Precious Metals Inc.
• Cancellation of Adriatic Ordinary Shares listing on LSE and ASX
• Shareholders urged to vote in favor of the Scheme of Arrangement

Adriatic Metals Plc has published a merger scheme booklet detailing the proposed acquisition by Dundee Precious Metals Inc. The booklet explains that the proposed transaction, if implemented, will result in the cancellation of the listing of Adriatic Ordinary Shares on the Official List and of trading on the LSE's Main Market, as well as the cancellation of the listing of Adriatic on the ASX and the quotation of the Adriatic CDIs on the ASX. The booklet contains a letter from the Chairman of Adriatic recommending that shareholders vote in favor of the Scheme at the Court Meeting and the Special Resolution proposed at the General Meeting. The booklet also provides instructions on the actions to be taken by Adriatic Ordinary Shareholders and Adriatic CDI Holders, including the completion and return of the relevant Forms of Proxy or CDI Voting Instruction Forms. Shareholders are strongly encouraged to appoint the chairman of the meeting as their proxy or instruct CDN to do so. The booklet highlights the importance of as many votes as possible being cast at the Court Meeting to ensure a fair representation of Scheme Shareholder opinion. Shareholders are urged to carefully review the booklet and seek financial, tax, and legal advice if needed.