KEFI Minerals Plc

27-28 Eastcastle Street London W1W 8DH United Kingdom

Tel: +90 232 381 9431

Fax: +90 232 381 9071

Email: [email protected]

27 July 2015

KEFI Minerals plc

("KEFI" or the "Company")

Director Dealing

KEFI Minerals (KEFI), the gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Democratic Republic of Ethiopia, was notified on 24 July 2015 by the Executive Chairman, Mr. Harry Anagnostaras-Adams, that he transferred 8,125,000 ordinary shares of 1p each ("Ordinary Shares") beneficially held by him and his wife to his brother Michael Anagnostaras-Adams on 24 July 2015 at a price of 0.9p per Ordinary Share as part of a family trust restructuring.
Semarang Enterprises Ltd (a company of which Harry Anagnostaras-Adams is the sole director and sole shareholder) holds 50,841,667 Ordinary Shares and the Adams Superannuation Fund (of which Michael Anagnostaras-Adams is sole trustee) holds 36,695,000 Ordinary Shares in KEFI - a total of 87,536,667
Ordinary Shares. Of this total, prior to the transfer, Harry Anagnostaras-Adams and his wife beneficially held
81,966,667 Ordinary Shares representing 4.70% of the issued share capital of the Company and Michael
Anagnostaras-Adams beneficially held 5,570,000 Ordinary Shares representing 0.32% of the issued share capital of the Company.
Following the transfer of 8,125,000 Ordinary Shares, Harry Anagnostaras-Adams and his wife beneficially hold 73,841,667 Ordinary Shares representing 4.23% of the issued share capital of the Company and Michael Anagnostaras-Adams beneficially holds 13,695,000 Ordinary Shares representing 0.79% of the issued share capital of the Company.
Mr. Harry Anagnostaras-Adams also holds 16,000,000 incentive options which have exercise prices ranging from 1.32p to 4p per Ordinary Share.

ENQUIRIES

KEFI Minerals plc

Harry Anagnostaras-Adams (Executive Chairman) +357 9945 7843
Jeff Rayner (Exploration Director) +905 3 3928 1913

SP Angel Corporate Finance LLP (Nominated Adviser)

Ewan Leggat, Katy Birkin +44 203 470 0470

Brandon Hill Capital Ltd (Joint Broker)

Oliver Stansfield, Alex Walker, Jonathan Evans +44 207 936 5200

Beaufort Securities Ltd (Joint Broker)

Elliot Hance +44 207 382 8300

Luther Pendragon Ltd (Financial PR)

Harry Chathli, Claire Norbury, Oliver Hibberd +44 207 618 9100

NOTES TO EDITOR

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KEFI Minerals plc

KEFI is the operator of two advanced gold development projects within the highly prospective Arabian-Nubian Shield, with an attributable 1.93Moz (100% of Tulu Kapi's 1.72Moz and 40% of Jibal Qutman's 0.73Moz) Au Mineral Resources (JORC 2012) plus significant resource growth potential. KEFI targets that production at these projects generate cash flows for further exploration and expansion as warranted, recoupment of development costs and, when appropriate, dividends to shareholders.
Expected milestones for the remainder of 2015 at Tulu Kapi include:
 Formalisation of senior secured financing, agreement of final terms for project finance; and
 Full development funding and commencement of construction.
In addition, during 2015 KEFI anticipates triggering a Preliminary Feasibility Study to underpin the submission of a Mining Licence Application for Jibal Qutman in Saudi Arabia through its joint venture company, Gold & Minerals Ltd ("G&M"). The development of Jibal Qutman is targeted to follow the start-up of Tulu Kapi.

KEFI Minerals in Ethiopia

The Tulu Kapi gold project in Western Ethiopia is being rapidly progressed towards development. In October
2014, KEFI Minerals reactivated the Mining Licence Application and assembled indicative project finance terms. The Mining Licence was granted in April 2015 and the secured lenders' independent technical
consultants have now commenced their due diligence.
The 2015 Definitive Feasibility Study focused on construction of a 1.2Mtpa processing plant with estimated annual steady-state gold production 95,000oz and All-in Sustaining Costs (including operating, sustaining capital and closure) averaging US$780/oz (excluding initial investment).

KEFI Minerals in the Kingdom of Saudi Arabia

In 2009, KEFI formed G&M in Saudi Arabia with local Saudi partner Abdul Rahman Saad Al-Rashid & Sons
Company Limited ("ARTAR"), to explore for gold and associated metals in the Arabian Shield. KEFI has a
40% interest in G&M and is the operating partner. To date, G&M has conducted preliminary regional reconnaissance and has had five exploration licences ("EL") granted, including Jibal Qutman and the recently
granted Hawiah exploration licence that contains over 6km strike length of outcropping gossans developed on
VMS altered and mineralised rocks.
At Jibal Qutman, G&M's flagship project, the total Indicated and Inferred category Mineral Resources, JORC (2012) compliant, are now estimated at 28.4Mt at 0.80g/t Au for 733,045 contained gold ounces compared with 22.0Mt at 0.90g/t Au for 633,461 contained gold ounces previously estimated in March 2014, both at a cut-off grade of 0.2g/t Au.
ARTAR, on behalf of G&M, holds 24 exploration licence applications that cover an area of approximately
1,484km2. ELs are renewable for up to three years and bestow the exclusive right to explore and to obtain a
30-year exploitation (mining) lease within the area.
The Kingdom of Saudi Arabia has instituted policies to encourage minerals exploration and development and KEFI Minerals supports this priority by serving as the technical partner within G&M. ARTAR also serves this government policy as the major partner in G&M, which is one of the early movers in the modern resurgence of the Kingdom's minerals sector.

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