NOTIFICATION OF MAJOR HOLDINGS

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedⁱⁱ:			Stratex International 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
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights						X
Other (please specify)ⁱⁱⁱ:
3. Details of person subject to the notification obligation^iv
Name			Argyle Street Management Holdings Limited Argyle Street Management Limited
City and country of registered office (if applicable)			Road Town Tortola, British Virgin Islands
4. Full name of shareholder(s) (if different from 3.)^v
Name			Preston Road Limited ASM Connaught House (Master) Fund II LP ASM Connaught House Fund LP
City and country of registered office (if applicable)			Road Town Tortola, British Virgin Islands Grand Cayman, Cayman Islands
5. Date on which the threshold was crossed or reached^vi:			20 November 2017
6. Date on which issuer notified (DD/MM/YYYY):			20 November 2017
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	11.49%	0		11.49%	467,311,276
Position of previous notification (if applicable)	11.49%	0		11.49%

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)
GB00B0T29327		53,710,219					11.49%


SUBTOTAL 8. A		53,710,219					11.49%

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



			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



					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
ASM Connaught House General Partner Limited	6.09%	0	6.09%
ASM Connaught House Fund LP	6.09%	0	6.09%
Albany Road Limited	0	0	0
ASM Connaught House General Partner II Limited	5.40%	0	5.40%
ASM Connaught House Fund II LP	5.40%	0	5.40%
ASM Connaught House (Master) Fund II LP	5.40%	0	5.40%
Caroline Hill Limited	0	0	0
Preston Road Limited	0	0	0

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

Place of completion	Hong Kong
Date of completion	20 November 2017

** ENDS **

For further information please visit www.stratexinternational.com, @StratexPLC on Twitter, email [email protected], or contact:

Stratex International Plc	Tel: +44 (0)20 7830 9650
Dr Bob Foster / Claire Bay
Grant Thornton UK LLP	Tel: +44 (0)20 7383 5100
Samantha Harrison / Daniel Bush
Hannam & Partners	Tel: +44 (0)20 7907 8500
Neil Passmore / Andrew Chubb
Camarco	Tel: +44 (0)20 3757 4980
Gordon Poole / Nick Hennis / Monique Perks

Notes to Editors:

Since listing in 2006, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver, as well as 186,000 tonnes of copper. The Company owns 15% of a copper-gold project at feasibility stage and an exciting exploration project in Senegal. The Company also has significant interests in Thani Stratex Resources Ltd and Tembo Gold Corp. for their exploration projects in Djibouti and Egypt, and Tanzania respectively.

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