Major Institutional Shareholder TR-1 Disclosure

Vast Resources

28/07/2023 13:00

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Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

28 July 2023

Vast Resources plc
(‘Vast’ or the ‘Company’)

Major Institutional Shareholder TR-1 Disclosure

Vast Resources plc, the AIM-listed mining company, announces that it has
received the below TR-1 from Barclays Bank, which indicates a change in
shareholding from an existing Institutional Shareholder. The change in
shareholding is related to the new share issuance on 25 July 2023 and its
shareholding remains the same.

TR-1: Standard form for notification of major holdings

 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) (i)                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                    
 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):                                                          VAST RESOURCES PLC                                                                                                       
 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)                                                                                                                                                                                                      
 Non-UK issuer                                                                                                                                                                                                                                                                                      
 2. Reason for the notification (please mark the appropriate box or boxes with an “X”)                                                                                                                                                                                                              
 An acquisition or disposal of voting rights                                                                                                                                                                                                                               X                        
 An acquisition or disposal of financial instruments                                                                                                                                                                                                                                                
 An event changing the breakdown of voting rights                                                                                                                                                                                                                                                   
 Other (please specify) (iii):                                                                                                                                                                                                                                                                      
 3. Details of person subject to the notification obligation (iv)                                                                                                                                                                                                                                   
 Name                                                                                                                                                                      Barclays PLC                                                                                                             
 City and country of registered office (if applicable)                                                                                                                     London, United Kingdom                                                                                                   
 4. Full name of shareholder(s) (if different from 3.) (v)                                                                                                                                                                                                                                          
 Name                                                                                                                                                                      Barclays Capital Securities Limited                                                                                      
 City and country of registered office (if applicable)                                                                                                                     London, United Kingdom                                                                                                   
 5. Date on which the threshold was crossed or reached (vi):                                                                                                               25/07/2023                                                                                                               
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                                            27/07/2023                                                                                                               
 7. Total positions of person(s) subject to the notification obligation                                                                                                                                                                                                                             
                                                                            % of voting rights attached to shares (total of 8. A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)      Total of both in % (8.A + 8.B)  Total number of voting rights of issuer (vii)     
 Resulting situation on the date on which threshold was crossed or reached  7.03%                                                  N/A                                                                            7.03%                           240,000,033                                       
 Position of previous notification (if applicable)                          8.04%                                                  N/A                                                                            8.04%                                                                             



 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached (viii)                                                                                                                                                                                             
 A: Voting rights attached to shares                                                                                                                                                                                                                                                                         
 Class/type of shares ISIN code (if possible)           Number of voting rights (ix)                                                                                                  % of voting rights                                                                                                     
                                                        Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)      Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)                   Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)                Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)  
 Common Shares GB00BMD68046                                                                                   240,000,033                                                                                                                             7.03%                                                  
                                                                                                                                                                                                                                                                                                             
                                                                                                                                                                                                                                                                                                             
 SUBTOTAL 8. A                                          240,000,033                                                                                                                   7.03%                                                                                                                  
                                                                                                                                                                                                                                                                                                             
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))                                                                                                                                                                                                             
 Type of financial instrument                           Expiration date (x)        Exercise/ Conversion Period (xi)                                   Number of voting rights that may be acquired if the instrument is  exercised/converted.         % of voting rights                                     
 N/A                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                             
                                                                                                                                                                                                                                                                                                             
                                                                                   SUBTOTAL 8. B 1                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                             
 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))                                                                                                                                                                                
 Type of financial instrument  Expiration date (x)                                 Exercise/ Conversion Period (xi)               Physical or cash settlement (xii)                                                   Number of voting rights         % of voting rights                                     
 N/A                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                             
                                                                                                                                                                                                                                                                                                             
                                                                                                                                  SUBTOTAL 8.B. 2                                                                                                                                                            
                                                                                                                                                                                                                                                                                                             



 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)                                                                                                                                                                                                                             
 Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (xiii)                                                                                                                         
 Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (xiv)(please add additional rows as necessary)                                                                    X                                    
 Name (xv)                                                      % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher than the notifiable threshold  Total of both if it equals or is higher than the notifiable threshold                               
 Barclays PLC                                                   7.03%                                                                                                                                                                                 7.03%                                                                                               
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
 10. In case of proxy voting, please identify:                                                                                                                                                                                                                                                                                                            
 Name of the proxy holder                                                                                                                                                                                                                                                                                                                                 
 The number and % of voting rights held                                                                                                                                                                                                                                                                                                                   
 The date until which the voting rights will be held                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                                                                          
 11. Additional information (xvi)                                                                                                                                                                                                                                                                                                                         
 Barclays PLC Barclays Bank PLC (100%) Barclays Capital Securities Ltd (100%)                                                                                                                                                                                                                                                                             



 Place of completion  London                     
 Date of completion   Thursday 27 (th)July 2023