Issue of Shares

01/07/16
Highlands, the London listed natural resources company, announces that it has issued an additional
5,000,000 ordinary shares in the Company (the ‘New Ordinary Shares’) pursuant to the exercise of
warrants. The warrants exercised are part of those acquired by an institutional investor from
Diversion Technologies, LLC, as announced on 15 June 2016, and which are exercisable into ordinary
shares in Highlands at 25 pence per share. Accordingly, as anticipated following that sale, this
exercise is a significant event for Highlands and has resulted in the receipt of new funds of £1.25
million.