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2017-10-18

Beowulf: Sales of Shares

The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations ("MAR") (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in the
public domain.

For the purposes of MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055, this announcement is being made on behalf
of Kurt Budge, Chief Executive Officer.

17 October 2017

Beowulf Mining plc

("Beowulf" or the "Company")

Beowulf (AIM: BEM; AktieTorget: BEO), the mineral exploration and
development company, focused on the Kallak magnetite iron ore project
and the Åtvidaberg polymetallic exploration licence in Sweden, and
its graphite portfolio in Finland, announces that Bevan Metcalf
(Non-Executive Chairman), a person discharging managerial
responsibilities ("PDMR"), sold 8,500,000 shares on 16 October 2017,
following the exercise of options notified on 10 October 2017. After
the sale of shares, Mr Metcalf has 2,165,841 ordinary shares
remaining in the Company representing approximately 0.405 per cent of
the issued share capital of the Company.

The notification below, made in accordance with the requirements of
the EU Market Abuse Regulation, provides additional detail.

Enquiries:

Beowulf Mining plc

Kurt Budge, Chief Executive Officer Tel: +44 (0) 20 3771 6993

Cantor Fitzgerald Europe

(Nominated Advisor & Broker)

David Porter Tel: +44 (0) 20 7894 7000

Blytheweigh

Tim Blythe/Megan Ray Tel: +44 (0) 20 7138 3204

+---+-----------------------------------+-----+--------------+
|1 |Details of the person discharging |
| |managerial responsibilities / person |
| |closely associated |
+---+-----------------------------------+-----+--------------+
|a) |Name |Bevan Metcalf |
+---+-----------------------------------+-----+--------------+
|2 |Reason for the notification |
| | |
+---+-----------------------------------+-----+--------------+
|a) |Position/status |PDMR - Non-executive|
| | |Chairman |
+---+-----------------------------------+-----+--------------+
|b) |Initial notification /Amendment |Initial Notification|
+---+-----------------------------------+-----+--------------+
|3 |Details of the issuer, emission |
| |allowance market participant, auction |
| |platform, auctioneer or auction monitor |
| | |
+---+-----------------------------------+-----+--------------+
|a) |Name |Beowulf Mining plc |
+---+-----------------------------------+-----+--------------+
|b) |LEI |213800MV3XGAOASPT433|
+---+-----------------------------------+-----+--------------+
|4 |Details of the transaction(s): section |
| |to be repeated for (i) each type of |
| |instrument; (ii) each type of |
| |transaction; (iii) each date; and (iv) |
| |each place where transactions have been |
| |conducted |
+---+-----------------------------------+-----+--------------+
|a) |Description of the financial |Ordinary shares of |
| |instrument, type of instrument |1p eachGB0033163287 |
| |Identification code | |
+---+-----------------------------------+-----+--------------+
|b) |Nature of the transaction |Sale of shares |
+---+-----------------------------------+-----+--------------+
|c) |Price(s) and volume(s) |Price|Volume |
+---+-----------------------------------+-----+--------------+
| | |6.25p|8,500,000 |
+---+-----------------------------------+-----+--------------+
|d) |Aggregated information - Aggregated|Not applicable |
| |volume - Price | |
+---+-----------------------------------+-----+--------------+
|e) |Date of the transaction |16 October 2017 |
+---+-----------------------------------+-----+--------------+
|f) |Place of the transaction |AIM of the London |
| | |Stock Exchange |
+---+-----------------------------------+-----+--------------+

-----------------------------------------------------------
http://news.cision.com/se/beowulf/r/sales-of-shares,c2369756
http://mb.cision.com/Main/11673/2369756/737928.pdf

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