REG-Marechale Capital Plc: Investment Update

Marechale CapitalAnnouncement

11/05/2023 11:45

11 May 2023

Marechale Capital plc

(“Marechale” or the “Company”)

Investment Update

The Directors of Marechale Capital plc (AIM: MAC) are pleased to note the
announcements by Burgh Island Hotel (“Burgh Island”) and Weardale Lithium
Limited (“Weardale”), companies in which it holds investments.

In 2018, Marechale acted as adviser on the acquisition of Burgh Island.  The
Company notes that, on 10 May 2023, Burgh Island announced its proposed sale.
In the event that its sale concludes, the Directors of Marechale anticipate
there will likely be an opportunity to realise its investment.  Marechale
holds an interest in 4.9 per cent. of the equity of Burgh Island and the
quantum of any realisation will depend on the completion terms of the sale.
The Company will provide a further update to the market in the event of the
completion of the sale.

Further, the Company also notes the announcement by Weardale on 11 May 2023
advising that Weardale, a lithium exploration and development business based
in the Weardale Valley, County Durham in the north of England, has
successfully extracted lithium carbonate from geothermal brines and that these
positive tests results are amenable for lithium production.  Weardale further
states that it now intends to accelerate and scale-up of its testing of
increased volumes of lithium carbonate towards demonstrating commercial scale
production. The Directors of Marechale are pleased to note the positive
developments at Weardale, a company in which it holds an 8.5 per cent.
interest.

When the Company’s half-yearly results were reported on the 2 December 2022,
the Company’s balance sheet showed net assets of approximately £3.48
million, representing approximately 3.6 pence of value per share in issue.

For further information please contact:

 Marechale Capital plc Mark Warde-Norbury / Patrick Booth-Clibborn                                   Tel: +44 (0)20 7628 5582 
 Cairn Financial Advisers LLP (Nomad) Jo Turner / Sandy Jamieson                                     Tel: +44 (0)20 7213 0880 
 BlytheRay (Financial PR) Tim Blythe / Megan Ray                     Tel: + 44 (0)78 7574 4070 marechalecapital@blytheray.com 

About Marechale Capital

Marechale is an established City of London based corporate finance house, with
a long-term track record and a strong reputation in advising & financing high
growth consumer brands, leisure, clean energy, and technology companies. The
Company uses its balance sheet to co-invest in its client companies, along
with warrants and founder equity, in order to create shareholder value.

Cautionary statement
Certain statements made in this announcement are forward-looking statements.
Such statements are based on current expectations and assumptions and are
subject to a number of risks and uncertainties that could cause actual events
or results to differ materially from any expected future events or results
expressed or implied in these forward-looking statements. Persons receiving
this announcement should not place undue reliance on forward-looking
statements. Unless otherwise required by applicable law, regulation or
accounting standard, the Company does not undertake to update or revise any
forward-looking statements, whether as a result of new information, future
developments or otherwise.



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