Announcements

Lydia Knyvett 09/03/2022 Lydia Knyvett 09/03/2022

Update on processed marble

Fox Marble Holdings plc
("Fox Marble" or the "Company")

Fox Marble, the AIM listed company focused on marble quarrying and processing in Kosovo and the Balkans region is pleased to announce that it has signed a contract to supply BA Engineering & Consulting Sh.p.K ("BA Engineering") with an initial 8,000 square metres of cut and polished tiles for an approximate value of €200,000. Fox Marble will process blocks from its quarries through its 100% owned processing facility, with first deliveries expected to take place in March 2022, with the full value of the contract expected to be recognised in the current financial year.

BA Engineering is a local Kosovan construction company with multiple developments in Kosovo. Given BA Engineering is also engaged in developing a number of large prestigious projects in Kosovo, the Company believes this will be the first of a series of orders that BA Engineering will place.

In addition, the Company has signed a non-binding agreement to supply Unik Construction LLC with up to 30,000 square metres of material for ongoing projects they are planning across Europe. The Company expects the first orders under this agreement in Q2 2022. There are no minimum order levels associated with the agreement.

Chris Gilbert, CEO, commented

"These contracts to supply cut and polished tiles reaffirms our position as a leading provider of dimension stone within Kosovo. We look forward to working with BA Engineering and Unik going forward and establishing an ongoing relationship.
"With the winter now behind us, we are once again able to access our quarries and recommence extracting block marble. This will not only enable us to meet existing orders of cut and polished stone, but also enable us to capitalise on the increased interest we are seeing for block marble purchases following the COVID-19 pandemic.
"Following our capital raise in December 2021, we are purchasing additional machinery. With this expanded capacity in place, we will look to complete on additional contracts for cut and polished stone."

This announcement contains inside information for the purposes of Regulation 11 of the Market Abuse (amendment) (EU exit) Regulations 2019/310. The Directors of the Company take responsibility for this announcement.

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer

Tel: +44 (0) 20 7380 0999

Fiona Hadfield, Finance Director

Tel: +44 (0) 20 7380 0999

Tavira Securities (Joint Broker)

Oliver Stansfield

Allenby Capital (Joint Broker)

Amrit Nihal/Nick Naylor

Tel: +44 (0) 20 3192 1739

Tel: +44 (0) 20 3394 2973

Cairn Financial Advisers LLP (Nomad)

Liam Murray / Sandy Jamieson

Tel: +44 (0) 20 7213 0880

Notes to Editors

Fox Marble (AIM: FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Its marble products, which includes Alexandrian Blue, Alexandrian White, Breccia Paradisea, Etruscan gold and Grigio Argento and are gaining sales globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George's Homes and Capital and Counties Plc's Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia's most expensive residential property. These sales serve to demonstrate the desirability of Fox's premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identiﬁed by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reﬂect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

Lydia Knyvett 01/11/2021 Lydia Knyvett 01/11/2021

New Sale Agreement

Fox Marble, the AIM listed marble production company with operations in Kosovo and the Balkans, announces that it has signed an agreement to sell €200k of its Alexandrian White material from its quarry in Prilep, Macedonia. The buyer is wholesale supplier of material to building projects across Europe…

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

The first shipment, of 300 tonnes, has been successfully completed and payment has been received.

Chris Gilbert, CEO, commented

“The market for block marble has been subject to significant disruption due to Covid-19. However, with this agreement and others that are being negotiated and are expected to be announced in due course we are seeing signs of recovery. We expect to see the benefit of these agreements primarily in 2022.”

This announcement contains inside information for the purposes of Regulation 11 of the Market Abuse (amendment) (EU exit) Regulations 2019/310. The Directors of the Company are responsible for the release of this announcement.

Ends

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer

Tel: +44 (0)20 7380 0999

Fiona Hadfield, Finance Director

Tel: +44 (0)20 7380 0999

Quatro PR

Gary Pleasants

Tel: +44 (0)207 566 7963/+44 (0)7966 487 739

Mark Herbert

Tel: +44 (0)7770 381608

Brandon Hill (Joint Broker)

Oliver Stansfield

Tel: +44 (0)20 3463 5000

Allenby Capital (Joint Broker)

Nick Naylor/Nick Athanas/Liz Kirchner (Corporate Finance)

Amrit Nahal (Sales and Corporate Broking)

Tel: +44 (0)20 3394 2973

Cairn Financial Advisers (Nomad)

Sandy Jamieson/Liam Murray/Ludovico Lazzaretti

Tel: +44 (0)20 7213 0880

Notes to Editors

Fox Marble (AIM: FOX) is a marble production, processing and distribution company with operations in Kosovo and the Balkans.

Its marble products, which include Alexandrian Blue, Alexandrian White, Breccia Paradisea, Etruscan gold and Grigio Argent, are gaining sales globally to wholesale companies and directly to luxury residential properties. In the UK these include St George’s Homes and Capital and Counties Plc’s Lillie Square development. In Sydney, Australia, Rosso Cait, Alexandrian White and Breccia Paradisea have been used in what is expected to be Australia’s most expensive residential property. These sales serve to demonstrate the desirability of Fox Marble’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.

Caution regarding forward looking statements

Lydia Knyvett 24/03/2021 Lydia Knyvett 24/03/2021

New order of processed marble confirmed

Fox Marble, the AIM listed company focused on marble quarrying and processing in Kosovo and the Balkans region is pleased to announce that it has signed its fourth contract in less than a year to supply a major municipal construction project in Kosovo. The contract, valued in excess of €190,000, is to deliver cut and finished paving tiles for installation in the first stage of the redevelopment of the town square in Kamenica, eastern Kosovo…

Fox Marble Holdings plc
("Fox Marble" or the "Company")

The 6,500sq metres of cut and finished paving tiles will be supplied over the course of 2021 using material from Fox Marble’s quarries processed in its factory in Lipjan, Kosovo. This contract has been entered into with the developers charged with restoring the town square, which will be paved with material exclusively supplied by Fox Marble.

Chris Gilbert, CEO, commented

“This contract to supply paving tiles to a Municipality is the fourth such large contract Fox Marble has won since May 2020 and the second one this year alone.
“Our marble comes from our quarries in Kosovo and North Macedonia and we are proud to supply locally quarried and processed stone to another important municipal development. These contracts provide a visible example of the quality of both the material and the Company’s finished stone product.
“We are grateful to our dedicated workforce who have contributed so fully to improving the rate of production in our factory allowing us to fulfil these substantial contracts within our existing operating setup and look forward to updating the market as we continue to win more new business in 2021.”

This announcement contains inside information for the purposes of Regulation 11 of the Market Abuse (amendment) (EU exit) Regulations 2019/310.

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer

Tel: +44 (0) 20 7380 0999

Fiona Hadfield, Finance Director

Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Joint Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Allenby Capital (Joint Broker)

Nick Naylor/Nick Athanas/Liz Kirchner (Corporate Finance)

Amrit Nahal (Sales and Corporate Broking)

Tel: +44 (0) 20 3394 2973

Cairn Financial Advisers LLP (Nomad)

Liam Murray / Sandy Jamieson

Tel: +44 (0) 20 7213 0880

Notes to Editors

Fox Marble (AIM: FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Its marble products, which includes Alexandrian Blue, Alexandrian White, Breccia Paradisea, Etruscan gold and Grigio Argento and are gaining sales globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George’s Homes and Capital and Counties Plc’s Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia’s most expensive residential property. These sales serve to demonstrate the desirability of Fox’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identiﬁed by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reﬂect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

Lydia Knyvett 16/02/2021 Lydia Knyvett 16/02/2021

Operating Update, Issue of Equity and Notice of Results

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to provide the following operational update ahead of the publication of its preliminary results for the year ended 31 December 2020 which are anticipated to be notified in May 2021…

Fox Marble Holdings plc
("Fox Marble" or the "Company")

Highlights

· Sales for the year ended 31 December 2020 of €0.7 million (2019 - €1.4million).

· Sales of processed marble increased to €0.6 million from €0.2 million in 2019 reflecting the success of winning large contracts to the Kosovo market. Sales of block marble fell to €0.1 million from €1.2 million in 2019 as a result of Covid-19 restrictions.

· Production for the year ended 31 December 2020 of 6,060 tonnes (2019 – 14,515 tonnes) due to planned stoppages as a result of Covid-19.

· Processing volumes increased 300% through the factory, as a result of increased demand for material, as well as process improvements made.

· Fundraising completed raising £1.0 million in December 2020 together with litigation funding committed of £0.5 million to fund arbitration case. Dentons Europe CS LLP engaged as counsel in December 2020.

Sales

Sales of processed marble have increased to €0.6 million from €0.2 million in 2019, of which €0.45 million occurred in H2 2020. A number of new contracts were signed for processing services and processed marble which formed the backbone of sales through the end of 2020 and are expected to continue into 2021.

· The Suhareka square in Kosovo contract, announced on 14 April 2020, to supply up to 20,000 square metres of paving. Material already specified and contracted under the first two stages of the project has a total value in excess of €400,000, and once all 20,000 square metres have been supplied the project is expected to be worth in excess of €750,000, as announced on 13 May 2020. Fox Marble has supplied over 10,000 sqm of material since June 2020.

· A contract to supply 20,000 square metres of cut and finished paving tiles for installation in the town square for the Municipality of Poduyeva in Kosovo, announced on 30 July 2020. Fox Marble began supplying material for this project in August 2020 and has supplied over 4,000 square metres of material to date. The Company received confirmation of Phase II of the project in January 2021, and the total value of this contract is around €700,000 over 2020 and 2021, as announced on 30 July 2020 and a further update announcement released by the Company on 4 February 2021.

· A contract to supply 35,000 square metres of cut and polished tiles to CC Apartments LLC, announced on 23 June 2020. CC Apartments LLC is engaged in developing several prestigious projects including apartments in Kosovo, as well as Albania and surrounding countries. Fox Marble will be processing blocks of a range of marble from its own quarries for this project and supplying this material from its factory in Kosovo over the course of 2021 starting next month. The total value of the contract is in excess of €700,000.

Sales of block marble have fallen significantly in 2020 from €1.2 million in 2019 to €0.1 million in 2020 due to the impact of COVID-19 on block marble sales. From January 2020, COVID-19’s impact on the Chinese market had an immediate effect. As the pandemic spread, global travel restrictions severely impeded the international trade in blocks. As travel restrictions lift in 2021, the Company expects to see growth in block sales.

Quarry Production

The Group elected to significantly scale back quarry production in order to keep operational cash flow neutral in the face of the fall in demand for block marble caused by COVID-19. As a result, production fell from 14,515 tonnes in 2019 to 6,060 tonnes in 2020. Production at Prilep was re-started in August 2020, though production levels continued to be closely monitored. The Prilep quarry continues to supply block material to the factory in Kosovo.

Cervenillë quarry was the first of our sites opened in November 2012. It is open across three separate locations (Cervenillë A, B & C) from which red (Rosso Cait), red tinged grey (Flora) light and darker grey (Grigio Argento) marble can be accessed. The quarry was re-opened in September 2020 to address the demand for Argento Grigio from existing and future processed marble contracts.

The Syriganë quarry in Kosovo – sources of Breccia marbles, is in good condition, with machinery on site and ready for deployment. At present we do not have quarry teams on site, as we have a significant reserve of stock of materials, however the quarries can be staffed at short notice.

The foundation of a successful and growing natural stone company is its reserves base. Fox Marble's strategy is to seek to grow this over the medium term, should the appropriate opportunities be available and subject to detailed drilling and exploration. Opening new quarries over the medium term will provide the opportunity to increase both block sales and processed marble from the factory. The Company continues to keep new sites for development under review.

Factory

Fox Marble’s processing facility is a 5,400 square metre double skinned steel factory for the cutting and processing of blocks into polished slabs and tiles which was erected on a 10-hectare site that the Company acquired in Lipjan in 2013, close to Pristina airport in Kosovo.

In June 2020, the Company announced that it had acquired two additional automatic CNC cutting machines to be installed in its factory in Kosovo. The two machines were manufactured by Simec Srl and Garcia Ramos SA and with the existing Gravellona Machine Marmo CNC machine have doubled the capacity to cut tiles. The machines have been installed and are now fully operational.

The machines, and procedural improvements implemented have helped drive an increase in processing volumes 300% from 2019 to 2020. We continue to examine ways to increase levels of production and operating efficiency through 2021.

Dispute and Arbitration Claim

Fox Marble has engaged the services of Dentons Europe CS LLP (“Dentons”) to act on the Company’s behalf in its circa €195 million claim against the Republic of Kosovo (“the Arbitration”). Dentons have agreed a fee arrangement which enables Fox Marble to bring the Arbitration through to its conclusion.

To complement this arrangement with Dentons, the Company announced on 16 December 2020 that it had secured firm commitments of £0.5 million (“Litigation Fund”) in the form of litigation funding from private investors.

This funding, plus a pre-agreed return on investment, will only be repaid if the Arbitration proceedings are successful.

The Company also conducted a placing raising £1.05 million before expenses, which along with the Litigation Fund and the fee arrangement with Dentons are collectively expected to cover all costs throughout the Arbitration process and has allowed Fox Marble to commence preparations for the formal proceedings against the Republic of Kosovo.

Issue of shares

The Company has issued a total of 5,000,000 new ordinary shares in the Company to five individuals in lieu of cash payments. The issue of shares reflects the contributions made to the Company by these individuals.

Application will be made for 5,000,000 ordinary shares issued to be admitted to trading on AIM, which is expected to occur on or around 19 February 2021 at 8.00am (“Admission”) and will rank equally in all respects with the Company's existing ordinary shares.

Total Voting Rights

In accordance with Rule 5.6.1 of the Disclosure and Transparency Rules (“DTRs”), the Company’s issued share capital following Admission will consist of 378,872,214 ordinary shares of 1 pence each. The Company does not hold any ordinary shares in treasury. Therefore, the total number of voting rights in the Company following Admission is 378,872,214.

The above figure of 378,872,214 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the DTRs.

Chris Gilbert, CEO of Fox Marble, commented:

“2020 was a year dominated by the impact of COVID-19, both on the market in which Fox Marble operates and directly on Fox Marble’s operations. Despite a turbulent year, the Company has made significant progress in several areas. Sales of processed marble have increased significantly, driven by the large contracts signed in 2020 within Kosovo, supported by targeted capital expenditure and a focus on process improvements. Funding has been secured for our Arbitration case, and we can now expect to see progress on this matter. While the block marble market was very disappointing in 2020, we are starting to see some green shoots of recovery and are confident that 2021 will see a gradual return to normal sales volumes.”

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer
Tel: +44 (0) 20 7380 0999

Fiona Hadfield, Finance Director
Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Joint Broker)

Oliver Stansfield
Tel: +44 (0) 20 3463 5000

Allenby Capital (Joint Broker)

Nick Naylor/Nick Athanas/Liz Kirchner (Corporate Finance)
Amrit Nahal (Sales and Corporate Broking)
Tel: +44 (0) 20 3394 2973

Cairn Financial Advisers LLP (Nomad)

Liam Murray / Sandy Jamieson
Tel: +44 (0) 20 7213 0880

Notes to Editors

Fox Marble (AIM: FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Its marble products, which includes Alexandrian Blue, Alexandrian White, Breccia Paradisea, Etruscan gold and Grigio Argento and are gaining sales globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George’s Homes and Capital and Counties Plc’s Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia’s most expensive residential property. These sales serve to demonstrate the desirability of Fox’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.

Caution regarding forward looking statements

Lydia Knyvett 04/02/2021 Lydia Knyvett 04/02/2021

New order - Phase II of Poduyeva announced

Fox Marble, the AIM listed company focused on marble quarrying and processing in Kosovo and the Balkans region is pleased to announce that it has received a new order for the supply of cut and polished paving tiles as part of Phase II of the contract for the Municipality of Poduyeva in Kosovo (the “Project”)…

Fox Marble Holdings plc
("Fox Marble" or the "Company")

Phase II consists of the delivery of 6,600 square metres of processed material. The Company will supply the block marble from its quarries before cutting and finishing in its factory in Kosovo. Work is expected to commence on the project in March 2020 and is expected to generate circa €250,000 to the Company.

This is the second order with respect to Poduyeva for Fox Marble. Fox Marble began supplying material under the Poduyeva contract, details of which were previously announced on 30 July 2020, and has supplied 4,000 square metres of material to date. The total contract is expected to be for approximately 20,000 sqm of material.

Chris Gilbert, CEO, commented

“This new order to supply paving tiles to the Poduyeva Municipality is a testament to the value of our stone, the quality of our processed material and the efficiency with which we have supplied the stone for Phase I of the development in this town square.
We continue to be the leading provider of dimension stone within Kosovo. Our marble comes from our quarries in Kosovo and North Macedonia and we look forward to reopening our quarries following the winter shutdown.
We are proud of our workforce who have contributed so fully to improving the rate of production in our factory allowing us to fulfil these substantial contracts within our existing operating setup. I look forward to updating the market on additional contracts, which we expect will be formalised in the current quarter.”

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer
Tel: +44 (0) 20 7380 0999
Fiona Hadfield, Finance Director
Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Joint Broker)
Oliver Stansfield
Tel: +44 (0) 20 3463 5000

Allenby Capital (Joint Broker)
Nick Naylor/Nick Athanas/Liz Kirchner (Corporate Finance)
Amrit Nahal (Sales and Corporate Broking)
Tel: +44 (0) 20 3394 2973

Cairn Financial Advisers LLP (Nomad)
Liam Murray / Sandy Jamieson
Tel: +44 (0) 20 7213 0880

Notes to Editors

Fox Marble (AIM: FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Its marble products, which includes Alexandrian Blue, Alexandrian White, Breccia Paradisea, Etruscan gold and Grigio Argento and are gaining sales globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George’s Homes and Capital and Counties Plc’s Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia’s most expensive residential property. These sales serve to demonstrate the desirability of Fox’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.

Lydia Knyvett 30/07/2020 Lydia Knyvett 30/07/2020

New order of processed marble confirmed

Fox Marble, the AIM listed company focused on marble quarrying and processing in Kosovo and the Balkans region is pleased to announce that it has signed a new contract to supply 20,000 sq metres of cut and polished paving tiles for installation in the town square for the Municipality of Poduyeva in Kosovo…

Fox Marble Holdings plc
("Fox Marble" or the "Company")

This contract has been entered into with the contractors charged with developing and completing the town square which will be paved with material exclusively supplied by Fox Marble.

Fox Marble will be processing blocks of a range of marble from its own quarries for this project and supplying this material from its factory in Kosovo over the course of 2020/2021. The total value of the contract is in excess of €700,000.

The factory in Pristine has seen an increase in activity in June 2020 and July 2020. The rate of production in the tile cutting area in July 2020 increased by 100% compared to May 2020, with an equivalent number of working days on the machine. This improvement has occurred prior to the commissioning of the two new CNC tile-cutting machines (RNS: 20 July 2020) which have now been delivered to the factory and are being installed.

Chris Gilbert, CEO, commented

"This contract to supply paving tiles to a municipality is the second such large contract Fox Marble has won this year. Our marble comes from our quarries in Kosovo and North Macedonia and we look forward to reopening our quarries as soon as the lockdown provisions ease. We are proud of our workforce who have contributed so fully to improving the rate of production in our factory allowing us to fulfil these substantial contracts within our existing operating setup and look forward to updating the market as we continue to win new business"

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer
Fiona Hadfield, Finance Director
Tel: +44 (0) 20 7380 0999

Allenby Capital (Joint Broker)
Nick Naylor/Nick Athanas/Liz Kirchner (Corporate Finance)
Amrit Nahal (Sales)
Tel: +44 (0) 20 3394 2973

Brandon Hill Capital (Joint Broker)
Oliver Stansfield
Tel: +44 (0) 20 3463 5000

Cairn Financial Advisers LLP (Nomad)
Liam Murray
Sandy Jamieson
Tel: +44 (0) 20 7213 0880

Notes to Editors

Fox Marble (AIM: FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Lydia Knyvett 23/06/2020 Lydia Knyvett 23/06/2020

Large volume order of processed marble confirmed

Fox Marble, the AIM quoted company focused on marble quarrying and processing in Kosovo and the Balkans region, is pleased to announce that it has signed a contract to supply 15,000 square metres of cut and polished tiles and 19,000 metres of bespoke cut to size products to CC Apartments LLC…

Fox Marble Holdings plc
("Fox Marble" or the "Company")

CC Apartments LLC is engaged in developing several prestigious projects including apartments in Kosovo, as well as Albania and surrounding countries. Fox Marble will be processing blocks of a range of marble from its own quarries for this project and supplying this material from its factory in Kosovo. The total value of the contract is circa €600,000. Delivery is expected to commence in January 2021, with all revenues expected to be realised by December 2021.

Chris Gilbert, CEO, commented

“This contract to supply cut and polished tiles is the largest single contract by volume yet won by Fox Marble. This further confirms Fox Marble’s position as the leading provider of dimension stone within Kosovo and is a testament to the efficiency of the factory and the quality of locally sourced marble for such prestigious projects. Our factory, as a designated industry, is able to continue to operate to meet demand.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer
Fiona Hadfield, Finance Director
Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Joint Broker)
Oliver Stansfield
Tel: +44 (0) 20 3463 5000

Allenby Capital (Joint Broker)
Amrit Nahal/Nick Naylor
Tel: +44 (0) 20 3394 2973

Cairn Financial Advisers LLP (Nomad)
Liam Murray
Sandy Jamieson
Tel: +44 (0) 20 7213 0880

Notes to Editors

Fox Marble (AIM: FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Its marble products, which includes Alexandrian Blue, Alexandrian White, Breccia Paradisea, Etruscan gold and Grigio Argento and are gaining sales globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George’s Homes and Capital and Counties Plc’s Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia’s most expensive residential property. These sales serve to demonstrate the desirability of Fox’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.

Lydia Knyvett 13/05/2020 Lydia Knyvett 13/05/2020

Contract Update

Fox Marble, the AIM listed company focused on marble quarrying and processing in Kosovo and the Balkans region is pleased to announce that it has commenced processing the contract announced on 14 April 2020 to supply up to 20,000 square metres of paving for Suhareka town square, Kosovo. Fox Marble is now processing the paving slabs in order to supply its material in time for its customer to start the installation as soon as the current lockdown provisions in Kosovo are eased…

Fox Marble Holdings plc
("Fox Marble" or the "Company")

The material for this contract will be supplied from Fox Marble’s factory in Kosovo, with the first 8,000 square metres to be delivered by 30 September 2020. The stone will be processed from existing blocks of Grigio Argento, Flora and Alexandrian white, already extracted and awaiting processing.

Material already specified and contracted under the first two stages of the project has a total value in excess of €400,000 and, once all 20,000 square metres has been supplied, the project is expected to be worth in excess of €750,000.

Chris Gilbert, CEO, commented

“This contract to supply a local municipality to pave a large open public space confirms Fox Marble’s position as a leading provider of dimension stone within Kosovo and the Balkans wider region. Our factory is able to proceed with this order as a designated industrial facility and we anticipate further similar sales in the near future.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer
Fiona Hadfield, Finance Director
Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Joint Broker)
Oliver Stansfield Tel: +44 (0) 20 3463 5000

Optiva Securities (Joint Broker)
Christian Dennis/Jeremy King
Tel:+44 (0) 20 3137 1902

Cairn Financial Advisers LLP (Nomad)
Liam Murray/ Sandy Jamieson
Tel: +44 (0) 20 7213 0880

Notes to Editors

Fox Marble (AIM: FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Its marble products, which includes Alexandrian Blue, Alexandrian White, Breccia Paradisea, Etruscan gold and Grigio Argento and are gaining sales globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George’s Homes and Capital and Counties Plc’s Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White
and Breccia Paradisea marble have been used in what is expected to be Australia’s most expensive residential property. These sales serve to demonstrate the desirability of Fox’s premium marble products
as the stone of choice in some of the most prestigious and expensive residential developments around the world.

Caution regarding forward looking statements

Lydia Knyvett 14/04/2020 Lydia Knyvett 14/04/2020

New Contract

Fox Marble, the AIM listed company focused on marble quarrying and processing in Kosovo and the Balkans region is pleased to announce that it has been awarded a contract to supply up to 20,000 sq metres of paving to a local municipality for the town square in the town of Suhareka in Kosovo. Fox Marble has been selected to supply its material after a competitive tender process as is usual for local authority contracts…

Fox Marble Holdings plc
("Fox Marble" or the "Company")

This stone is to be supplied from Fox Marble’s factory in Kosovo over the course of a year with the first 8,000 square metres to be delivered by September 2020. The stone will be processed from existing blocks of Grigio Argento, Flora and Alexandrian White already extracted and awaiting processing.

Material already specified and contracted under the first two stages of the project has a total value in excess of €400,000, and once all 20,000 square metres has been supplied is the project is expected to be worth in excess of €750,000.

As a result of the lockdown in place in Kosovo due to the Coronavirus, the supply of the material will be delayed until the local contractor installing the paving is allowed to resume work on this municipal project. However Fox Marble anticipates that work will resume on this project by the end of Q3 2020.

Chris Gilbert, CEO, commented

“This contract to supply a local municipality to pave a large open public space confirms Fox Marble’s position as a leading provider of dimension stone within Kosovo and is a testament to the efficiency of the factory and the quality of locally sourced marble for such a prestigious project. Our factory which as a designated industry is able to continue to operate to meet demand.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer
Fiona Hadfield, Finance Director
Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Joint Broker)
Oliver Stansfield
Tel: +44 (0) 20 3463 5000

Optiva Securities (Joint Broker)
Christian Dennis/Jeremy King
Tel:+44 (0) 20 3137 1902

Cairn Financial Advisers LLP (Nomad)
Liam Murray / Sandy Jamieson
Tel: +44 (0) 20 7213 0880

Notes to Editors

Fox Marble (AIM: FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Its marble products, which includes Alexandrian Blue, Alexandrian White, Breccia Paradisea, Etruscan gold and Grigio Argento and are gaining sales globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George’s Homes and Capital and Counties Plc’s Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia’s most expensive residential property. These sales serve to demonstrate the desirability of Fox’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.

Lydia Knyvett 17/02/2020 Lydia Knyvett 17/02/2020

New processing agreements signed

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region is pleased to announce that it is has signed two new agreements for the processing of third-party blocks with Egzoni Sh.p.k (“Egzoni”) and Skifteri Sh.p.k (“Skifteri”)…

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Under these new agreements, Fox Marble will process stone on behalf of Egzoni and Skifteri at the Company’s factory at Lipjan in Kosovo. The agreements are for two years with an expected volume of 325 tons per month, generating approximately €300,000 per year in expected revenues.

These agreements represent further development of this new revenue stream for the Company, whereby Fox Marble provides marble cutting and polishing services to other companies quarrying in the wider Balkan region. These agreements have allowed Fox Marble to expand capacity at the factory whilst maximising operating efficiencies and continuing to process Fox Marble’s own material for sale. Fox Marble’s ability to enter into such agreements has been driven by the adoption of a new flexible multi-shift system and is part of an overall factory improvement programme achieved since the recent non-Board appointments of Francisco Espinosa (COO and Head of Sales) and Secundino Costas da Villa (Technical Factory Manager).

Chris Gilbert, CEO, commented

“These new agreements demonstrate the validity of the decision to introduce this new revenue stream. It allows Fox Marble to utilise more of its factory capacity and increase operating efficiency, whilst still processing its own marble for sale globally as well as in the wider Balkan market. We look forward to our ongoing partnership with Skifteri and Ezgoni.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer
Fiona Hadfield, Finance Director
Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Joint Broker)
Oliver Stansfield
Tel: +44 (0) 20 3463 5000

Optiva Securities (Joint Broker)
Christian Dennis/Jeremy King
Tel:+44 (0) 20 3137 1902

Cairn Financial Advisers LLP (Nomad)
Liam Murray / Sandy Jamieson
Tel: +44 (0) 20 7213 0880

Woodstock Leasor (Media)
Stuart Leasor
Tel: +44 (0) 7703 537721

Notes to Editors

Fox Marble (AIM: FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Its marble products, which includes Alexandrian Blue, Alexandrian White, Breccia Paradisea, Etruscan gold and Grigio Argento and are gaining sales globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George’s Homes and Capital and Counties Plc’s Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia’s most expensive residential property. These sales serve to demonstrate the desirability of Fox’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.

Caution regarding forward looking statements

Lydia Knyvett 12/02/2020 Lydia Knyvett 12/02/2020

Fox Marble signs new agreement for sale of processed marble

Fox Marble, the AIM listed company focused on marble quarrying and processing in Kosovo and the Balkans region announces that it has entered into an agreement with EBA Sh.p.K with the intention to provide processed marble in the form of tiles, stair treads and window lintels…

(“Fox Marble” or the “Company”)
Fox Marble Holdings plc

EBA Sh.p.K is a local architect and construction firm based in Kosovo, and the products are destined for use in construction projects within Kosovo. The material selected for these items is Flora, Alexandrian White and Illirico Bianco.

The stone will be processed at Fox Marble’s Lipjan factory, from existing blocks of Illirico Bianco, Flora and Alexandrian White. The agreement has no minimum order value, but pricing is based on a minimum volume of 2,000 square metres, which the Company expects to supply over the course of this financial year.

Chris Gilbert, CEO, commented

“This agreement confirms Fox’s position as a trusted provider of processed marble within Kosovo and is a testament to the ability of our factory in Lipjan to supply not only marble slabs, but bespoke finished products for installation directly into building projects.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer
Fiona Hadfield, Finance Director
Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Joint Broker)
Oliver Stansfield
Tel: +44 (0) 20 3463 5000

Optiva Securities (Joint Broker)
Christian Dennis/Jeremy King
Tel:+44 (0) 20 3137 1902

Cairn Financial Advisers LLP (Nomad)
Liam Murray/Sandy Jamieson
Tel: +44 (0) 20 7213 0880

Notes to Editors

Fox Marble (AIM: FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Its marble products, which includes Alexandrian Blue, Alexandrian White, Breccia Paradisea, Etruscan gold and Grigio Argento and are gaining sales globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George’s Homes and Capital and Counties Plc’s Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia’s most expensive residential property. These sales serve to demonstrate the desirability of Fox’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identiﬁed by their use of terms and phrases such as ''believe'', ''could'',
"should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those,
variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such forward looking statements reﬂect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

Lydia Knyvett 05/12/2019 Lydia Knyvett 05/12/2019

Commencement of New Revenue Stream

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region is pleased to announce that it is has signed its first contract for the processing of third party blocks, which represents an additional revenue stream for the Company…

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Fox Marble now has three principal sources of revenue from three separate activities, those of block sales from its Prilep quarry in North Macedonia; sale of processed material from blocks of its own material quarried in Kosovo and Macedonia and block processing for third parties.

Under this new third-party agreement, Fox Marble will process stone on behalf of Inter Stone LLC at the Company’s factory at Lipjan in Kosovo. The contract is for twelve months and it is expected that Fox Marble will continue to process blocks of material each month. The blocks due to be processed within the first monthly batch of material have been delivered to the factory site and production has begun. The first order under this contract, expected to be fulfilled in December 2019, will generate around €100k in revenues for the Company. The level of production will be up to a maximum of 1,000 tons per month, depending on the capacity that Fox Marble requires for its production of its own material.

This arrangement will allow Fox Marble to expand capacity at the factory, driving performance improvements, whilst maximising operating efficiencies.

This optimisation performance and efficiency comes in part from the adoption of a new flexible multi-shift system and is part of an overall factory improvement programme achieved since the recent appointments of Francisco Espinosa (COO and Head of Sales) and Secundino Costas da Villa (Technical Factory Manager),who bring with them a wealth of natural stone experience.

Working capital continues to be carefully managed as we implement our plans for growth.

Chris Gilbert, CEO, commented

“This new revenue stream will allow Fox Marble to utilise more of its factory capacity and increase operating efficiency, whilst still processing its own marble for sale globally as well as in the wider Balkan market. We look forward to our ongoing partnership with Inter Stone LLC. I look forward to updating the market in the New Year on our strategy and future growth plans.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer
Fiona Hadfield, Finance Director
Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Joint Broker)
Oliver Stansfield
Tel: +44 (0) 20 3463 5000

Optiva Securities (Joint Broker)
Christian Dennis / Jeremy King
Tel: +44 (0) 20 3981 4173

Cairn Financial Advisers LLP (Nominated Adviser)
Liam Murray / Sandy Jamieson / Ludovico Lazzaretti
Tel: +44 (0) 20 7213 0880

Notes to Editors

Fox Marble (AIM:FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Its marble products include Alexandrian White, Alexandrian Blue, produced from the Company’s Prilep quarry in Macedonia, and Breccia Paridisea and Rosso Cait and Grigio Argento, produced from its quarries in Kosovo, are gaining traction globally both to international wholesale companies as well as being supplied directly into luxury residential properties.

In the UK these include among others St George’s Homes and Capital and Counties Plc’s Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia’s most expensive residential property. These sales serve to demonstrate the desirability of Fox Marble’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.

Marble demand continues to grow with stable pricing and Fox Marble is capitalising on this growth internationally.

Lydia Knyvett 04/07/2019 Lydia Knyvett 04/07/2019

New Sales Agreement

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region is pleased to announce it has entered into a new sales agreement with a customer based in China…

04 July 2019

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

The Sales Agreement is for a minimum of 10,000 tonnes of Illirico Selene marble over the next year, and includes a range of grades of marble blocks. The buyer will be granted priority seller status in China.

Chris Gilbert, CEO, commented

“This buyer has been a recurring customer of Fox Marble over the last year, however this sales agreement formalises the relationship between us, ahead of an expected increase in volume of sales. We look forward to a long ongoing relationship. “

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer

Tel: +44 (0) 20 7380 0999

Fiona Hadfield, Finance Director

Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Joint Broker)

Oliver Stansfield

Optiva Securities (Joint Broker)

Christian Dennis/Jeremy King

Tel: +44 (0) 20 3463 5000

Tel:+44 (0) 20 3137 1903

Cairn Financial Advisers LLP (Nomad)

Liam Murray / Sandy Jamieson

Ludovico Lazzaretti

Tel: +44 (0) 20 7213 0880

Notes to Editors

Fox Marble (AIM: FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Its marble products, which includes Illirico Bianco, Illirico Selene, Grigio Argento and are gaining traction globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George’s Homes and Capital and Counties Plc’s Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia’s most expensive residential property. These sales serve to demonstrate the desirability of Fox’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.

Fox Marble holds 40 year mining licences for marble quarries in Kosovo and Macedonia. Fox has taken four sites into production (Maleshevë, Syriganë and Cervenillë quarries, in Kosovo and from the Prilep Quarry in Macedonia) and continues to increase production.

Marble demand continues to grow with stable pricing, predominantly driven by the construction and real-estate industries, on which Fox is looking to capitalise.

Lydia Knyvett 26/06/2019 Lydia Knyvett 26/06/2019

Update and AGM statement

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region is pleased to provide the market with an operational and financial update ahead of its Annual General Meeting being held this morning at 11 am at CMS’s offices at 78 Cannon St London EC4N 6AF. Additionally, the Company provides an update to the announcement dated 4 April 2019 regarding the conditional acquisition of Green Power Sh.p.k ("Green Power") and Scope Sh.p.k. ("Scope")…

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Sales and Marketing update:

As previously announced on 17 June 2019, Fox Marble has received an order for 1,850 tons of Illirico Selene (the silver grey marble) from an existing customer. The order is notable because it consists not only of the higher quality large blocks of stone but also large quantities of small and semi blocks which constitute a lesser grade of block. This has the additional effect of clearing out old stock extracted some years ago and freeing up space in the quarry to further extend the quarrying area and reach additional resources of good quality stone.
On 5 June 2019, Fox Marble announced the confirmation of its biggest single order for its prized Alexandrian White marble. This order has been placed by the Swaminarayan Hindu religious order who are building a temple in Abu Dhabi on land donated by the Royal family of the UAE. Construction of this monument is due to commence shortly. Fox Marble will be providing bespoke, cut-to-size marble, varying in size from small blocks to large beams which will be shipped by the temple to India to first be hand carved and then shipped to the temple site. The schedule for the first of these shipments has been received. Fox Marble has received a minimum firm commitment for this material to be supplied during 2019 and 2020. The minimum value of this order will be $2.4m and Fox has received the first good faith deposit of $100,000 by way of confirmation.

Financial:

Sales for the period to 30 May 2019 are €791k (2018: €413k) Production for the period to 30 May was 7,532 tonnes (2018: 4,079 tonnes).
The cash balance as at 26 June 2019 is €0.8 million.

Updated on on Acquisition of Green Power and Scope:

On 4 April 2019 the Company announced the conditional acquisitions of Green Power, the licence holder of the Maleshevë quarry, and Scope, a company through which Fox Marble has entered into two hire purchase agreements (the “Acquisitions”).
As previously stated, the Acquisitions are conditional, inter alia, on shareholders approving certain resolutions at the forthcoming Annual General Meeting (“AGM”) of the Company on 26 June 2019, relating to authorities to issue new ordinary shares in the Company (the “Resolutions”).
The Company announces that it has now received notification from the legal representatives of Green Power and Scope, challenging the enforceability of the acquisition agreements relating to the proposed Acquisitions.
The Company is seeking advice from its legal advisers in respect of these claims, which they believe to be wholly unfounded. An update will be made to the market in due course, and the Company will seek shareholder approval of the Resolutions at the forthcoming AGM.

Other:

On 11 June 2019 Fox Marble announced the appointment of Optiva Securities as Joint Broker to the Company with immediate effect.

Chris Gilbert, CEO, commented:

“We have had a positive start for the year with sales developing well, and a number of major contracts being signed. We look forward to providing a half year update in July. A major focus for the year is to expand our sales base beyond our most popular materials, Illirico Selene and Alexandrian White, to encompass all the Fox products, and to further develop our market for material processed at our factory.”

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer

Tel: +44 (0) 20 7380 0999

Fiona Hadfield, Finance Director

Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Joint Broker)

Oliver Stansfield

Optiva Securities (Joint Broker)

Christian Dennis/Jeremy King

Tel: +44 (0) 20 3463 5000

Tel:+44 (0) 20 3137 1903

Cairn Financial Advisers LLP (Nomad)

Liam Murray / Sandy Jamieson

Ludovico Lazzaretti

Tel: +44 (0) 20 7213 0880

Notes to Editors

Fox Marble (AIM: FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Fox Marble holds 40 year mining licences for six separate marble quarries with a maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 billion. Fox has taken three of the six sites into production (the Drini and Maleshevë quarries, both in Kosovo and from the Prilep Quarry in Macedonia) and continues to increase production. Notably, Fox has access to over 300 million cubic metres (over 1bn tons) of premium quality marble.

Marble demand continues to grow with stable pricing, predominantly driven by the construction and real-estate industries, on which Fox is looking to capitalise.

Lydia Knyvett 17/06/2019 Lydia Knyvett 17/06/2019

New Order

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region is pleased to announce the largest single order of its highly prized Illirico Selene marble from the Maleshevë quarry in Kosovo…

17 June 2019

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Fox Marble has received an order for 1,850 tons of Illirico Selene (the silver grey marble) from an existing customer. Loading of the material has begun, and the order will only be recognised as revenue as the material is despatched from the quarry over the next few weeks.

The order is notable because it consists not only of the higher quality large blocks of stone but also large quantities of small and semi blocks which constitute a lesser grade of block. This has the additional effect of clearing out old stock extracted some years ago and freeing up space in the quarry to further extend the quarrying area and reach additional resources of good quality stone.

This has taken place in part because the demand for this material is expanding with the increased penetration in various markets and the competition for this material from our quarry is growing.

Fox Marble is now focussing on penetrating these markets with material from Fox Marble’s other quarries including Grigio Argento, Rosso Cait and Flora from the Cervenilla quarry and the Breccia Paradisea and Etrusco Dorato from its Syriganë quarry.

Chris Gilbert, CEO, commented

“Demand for Illirico Selene is high, with sales being constrained by our ability to extract sufficient quantities to sell into these growing markets and our success in selling our lesser grades of blocks is a consequence of this demand. As a result, we expect to see growth in our sales in 2019 and look forward to updating the market accordingly”.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer

Tel: +44 (0) 20 7380 0999

Fiona Hadfield, Finance Director

Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Joint Broker)

Oliver Stansfield

Optiva Securities (Joint Broker)

Christian Dennis/Jeremy King

Tel: +44 (0) 20 3463 5000

Tel:+44 (0) 20 3137 1903

Cairn Financial Advisers LLP (Nomad)

Liam Murray / Sandy Jamieson

Ludovico Lazzaretti

Tel: +44 (0) 20 7213 0880

Notes to Editors

Fox Marble (AIM: FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Marble demand continues to grow with stable pricing, predominantly driven by the construction and real-estate industries, on which Fox is looking to capitalise.

Caution regarding forward looking statements

Lydia Knyvett 05/06/2019 Lydia Knyvett 05/06/2019

Temple in Abu Dhabi

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region is pleased to announce the confirmation of its biggest single order for its prized Alexandrian White marble. This order has been placed by the Swaminarayan Hindu religious order who are building a temple in Abu Dhabi on land donated by the Royal family of the UAE. Construction of this monument will commence shortly now that the Foundation ceremony has taken place on the 20 April 2019…

05 June 2019

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Fox Marble will be providing bespoke cut to size marble varying in size from small blocks to large beams which will be shipped by the temple to India to be hand carved and shipped to the temple site and has received the schedule for the first shipment to be shaped and sent to India.

Fox Marble has received a minimum firm commitment for this material to be supplied during 2019 and 2020. The minimum value of this order will be $2.4m and Fox has received the first good faith deposit of $100,000 by way of confirmation.

The final timing of the delivery of this material will be subject to the construction schedule of the temple which is subject to change. Further announcements will be made in due course as to the progress of this project as material is actually shipped and paid for.

The marble that Fox is supplying is the same type that was used in the construction of the Sheik Zayad Grand Mosque in Abu Dhabi extracted from the neighbouring quarry in Prilep and reflects the enduring appeal of this material.

Brahmavihari Swami commented

“We have been working hard to establish the BAPS Hindu Mandir temple in Abu Dhabi which is an iconic and historic temple which is a spiritual oasis of global harmony. While every acre and inch is being designed elegantly and meaningfully, the heart of the entire project will be done in your beautiful white marble. The entire interior of the stone temple will be intricately sculpted from your Alexandrian White and is the epicentre for our temple”

Chris Gilbert, CEO, commented

“We are privileged to be in partnership with the Swaminarayan religious order who have built over 1000 temples around the world. This temple will be the first such place of worship in the UAE and will be a monument for many generations to come.”

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer

Tel: +44 (0) 20 7380 0999

Fiona Hadfield, Finance Director

Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Cairn Financial Advisers LLP (Nomad)

Liam Murray, Sandy Jamieson

Tel: +44 (0) 20 7213 0880

Notes to Editors

Fox Marble (AIM:FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Marble demand continues to grow with stable pricing, predominantly driven by the construction and real-estate industries, on which Fox is looking to capitalise.

Caution regarding forward looking statements

Lydia Knyvett 05/03/2019 Lydia Knyvett 05/03/2019

Resumption of production in Northern Macedonia and new sales

Fox Marble is pleased to announce the resumption of production after the usual winter shut down in our Prilep quarry in Northern Macedonia. The quarry, which contains white marble marketed as Alexandrian White, is now also producing substantial quantities of Alexandrian Blue from a newly developed section on the east side of the site. The quarry is expected to benefit from the deployment of additional equipment to significantly increase production levels to satisfy growing demand…

5 March 2019

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Commercial extraction resumed of Alexandrian marble from Prilep Quarry.
400 tonne order of Alexandrian white completed and paid for in February 2019.
New equipment deployed in quarry to increase production.

In February Fox Marble sold, and received payment for, 400 tonnes of Alexandrian White blocks to a new customer. The customer is shipping these blocks to their facility in Drama in Northern Greece for processing. This customer was responsible for supplying similar material to the Sheik Zayed Grand Mosque in Abu Dhabi and has indicated their intention to purchase additional quantities of this marble on a regular basis throughout the year.

Chris Gilbert, CEO, commented

“This large volume block order to a new customer so early in the year following the winter break is an encouraging sign for the upcoming year. The customer, who has a long history of selling material from the Prilep area throughout the world, has indicated an intent to buy further quantities of this material throughout 2019. The increase in monthly production at this quarry, following the investment made in equipment and resourcing, gives us the ability to supply more significant orders having developed robust markets for our stone worldwide”.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer

Tel: +44 (0) 20 7380 0999

Fiona Hadfield, Finance Director

Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Cairn Financial Advisers LLP (Nomad)

Liam Murray

Tel: +44 (0) 20 7213 0880

Notes to Editors

Fox Marble (AIM:FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Marble demand continues to grow with stable pricing, predominantly driven by the construction and real-estate industries, on which Fox is looking to capitalise.

Lydia Knyvett 17/01/2019 Lydia Knyvett 17/01/2019

New Material and Order

Fox Marble announces the start of commercial extraction of Alexandrian Blue from our Prilep quarry in Northern Macedonia. Alexandrian Blue has dense blue grey banding with smaller bands of white which produce a marked blue tone and is akin to the highly desirable Zebrino marble from Northern Italy. The quarry, which is already producing the highly sought after white marble marketed as Alexandrian White, is now also producing substantial quantities of Alexandrian Blue from a newly developed section on the East side of the quarry…

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

Commercial extraction commenced of Alexandrian Blue marble from Prilep Quarry.
441 tonne order of Alexandrian Blue completed and paid in December 2018.
Sales agreement entered into with an indicative value in excess of €1 million.

Fox Marble sold, and received payment for, 441 tonnes of Alexandrian Blue extracted in December 2018 to a single customer. This material compliments the Alexandrian White from the same quarry, as well as the highly popular Illirico Selene from the Maleshevë quarry in Kosovo.

Following this order, the Company entered into a sales agreement with this customer to purchase Alexandrian Blue with an expected value in excess of €1 million over the next twelve months.

Under this sale and purchase deed the Company agrees to supply a minimum monthly quantity of Alexandrian Blue blocks for a 12 month period, commencing 16 January 2019. The indicative value of the agreement is dependent upon the company making available sufficient material to the client to meet the minimum monthly commitment.

Fox Marble is now focussing on penetrating the markets in Italy, India, China, Turkey and Dubai where it has established a base with its most popular marbles, the Alexandrian White and Illirico Selene, with material from the Cervenilla quarry including Argento Grey, Rosso Cait and Flora, and Syriganë quarry which contains Breccia Paradisea and Etrusco Dorato.

Chris Gilbert, CEO, commented

“Orders of our premium material are gaining traction and we expect to see growth in our sales in 2019. This will produce a corresponding increase in our revenues during the year as a result, and l look forward to updating the market accordingly”.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer

Tel: +44 (0) 20 7380 0999

Fiona Hadfield, Finance Director

Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Cairn Financial Advisers LLP (Nomad)

Liam Murray / Sandy Jamieson

Tel: +44 (0) 20 7213 0880

Notes to Editors

Fox Marble (AIM:FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Marble demand continues to grow with stable pricing, predominantly driven by the construction and real-estate industries, on which Fox is looking to capitalise.

Lydia Knyvett 23/11/2017 Lydia Knyvett 23/11/2017

Further sales under the previously announced agreement with Simsekler Mermer and first entry into the USA market

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to announce that it has made further shipments under its Agreement with Simsekler. To date, Fox has shipped more than €200,000 of marble to the company, as part of the sales Agreement for a minimum of €400,000, signed in April 2017…

23 November 2017

Fox Marble Holdings plc
(“Fox Marble”, “Fox” or the “Company”)

HIGHLIGHTS

Further sales under the previously announced Agreement with Simsekler Mermer Company (“Simsekler”), a premier natural stone group based in Turkey
First entry this year into the USA market for material processed in the Fox Marble factory

Furthermore, the Company also announces today that it has shipped and received payment on an order from Granite Planet LLC (“Granite Planet”). Granite Planet, a company specialising in the wholesale, fabrication and installation of marble and granite, based in Michigan, USA., selected 230 sqm of marble slabs across Fox’s entire collection following an inspection of the Company’s newly operational factory and processing capabilities. The company, which is in the process of ordering two further containers this month, has indicated their intention to purchase a further six containers of marble prior to the end of 2017.

Fox Marble, CEO Chris Gilbert, commented:

“We believe that the recent purchase of marble made by Simsekler clearly demonstrates and reinforces Fox’s ability to satisfy large volume block agreements. In addition, the order placed by Granite Planet LLC is not only testament to the quality of marble products we are able to produce, but it also represents an important new sales channel for the Company into the United States, from which we anticipate future orders.”

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer

Tel: +44 (0) 20 7380 0999

Fiona Hadfield, Finance Director

Tel: +44 (0) 20 7380 0999

Brandon Hill Capital (Joint Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Cairn Financial Advisers LLP (Nomad)

Liam Murray

Tel: +44 (0) 20 7213 0880

Beaufort Securities Limited (Joint Broker)

Elliott Hance

Tel: +44 (0) 207 382 8300

Yellow Jersey

Georgia Colkin

Katie Bairsto

Tel: +44 (0) 7825 916 715

Tel: +44 (0) 7946 424 651

Notes to Editors

Fox Marble (AIM:FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Its marble products, which includes Illyric White, Illirico Selene, Grigio Argento and are gaining traction globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George’s Homes and Capital and Counties Plc’s Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia’s most expensive property. These sales serve to demonstrate the desirability of Fox’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.

Marble demand continues to grow with stable pricing, predominantly driven by the construction and real-estate industries, on which Fox is looking to capitalise.

Lydia Knyvett 16/10/2017 Lydia Knyvett 16/10/2017

US$500,000 Received – Marble Sales Agreement with OM Enterprises, India

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region is pleased to confirm that is has received the advance payment of US$500,000 from OM Enterprises (“OM”), a leading tile manufacturer and distributor based in Kolkata, India…

AIM: FOX
16 October 2017

Fox Marble Holdings plc
(“Fox Marble” or the “Company”)

As announced on the 28 September 2017, Fox Marble signed a sales agreement with OM Enterprises, to purchase 5,000 tonnes of material over three years. As part of the agreement, OM committed to a US$500,000 advance payment.

OM has selected its first order of 411 tonnes of marble blocks, which is currently being shipped to Mundra in India. OM’s first order comprises a range of Fox Marble stone, including Argento Grigio, Illirico Selene, Breccia Paradisea and Bianco Illirico.

OM was founded by Mr Mahawar, a Kolkata based entrepreneur, as part of his multi-sector business group. The company started as a wholesaler for ceramic tiles in West Bengal for one of the leading ceramic companies, specialising in the largest tiles by size, available domestically in India. In 2013, the company was appointed as a distributor of another fast growing ceramic company and it is now the largest tile distributor by sales volume in West Bengal. Recently, the company ventured into the retail segment and opened a 4,000 square foot showroom at a prime location of Kolkata.

Commenting on the recent agreement with Fox Marble, OM’s Chairman Mr Mahawar said:

“We are very excited to be part of the Fox Marble family. With its varied and exciting product portfolio, we expect great success in our market.”

Chris Gilbert, Chief Executive of Fox Marble, said:

“This latest sales agreement underpins the progress Fox Marble is making in increasing its global footprint as we continue to build ourselves into a fully integrated production, processing and distribution company of pre-eminent quality marble. We are delighted to have received this first advance payment of US$500,000 from OM and look forward to supplying to them over the next three years. We are looking to continue our sales penetration into major marble markets such as India and thereby enhancing revenues and shareholder returns.”

For more information on Fox Marble please visit www.foxmarble.net or contact:

Fox Marble Holdings plc

Chris Gilbert, Chief Executive Officer

Tel: +44 (0) 20 7380 0999

Fiona Hadfield, Finance Director

Tel: +44 (0) 20 7380 0999

Cairn Financial Advisers LLP (Nomad)

Liam Murray

Tel: +44 (0) 20 7213 0880

Brandon Hill Capital (Joint Broker)

Oliver Stansfield

Tel: +44 (0) 20 3463 5000

Beaufort Securities Limited (Joint Broker)

Elliott Hance

Tel: +44 (0) 207 382 8300

Yellow Jersey

Felicity Winkles

Georgia Colkin

Katie Bairsto

Tel: +44 (0) 7748 843 871

Tel: +44 (0) 7825 916 715

Tel: +44 (0) 7946 424 651

Notes to Editors

Fox Marble (AIM:FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Its marble products, which includes Illyric White, Illirico Selene, Grigio Argento and are gaining traction globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George’s Homes and Capital and Counties Plc.’s Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia’s most expensive property. These sales serve to demonstrate the desirability of Fox’s premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.

Marble demand continues to grow with stable pricing, predominantly driven by the construction and real-estate industries, on which Fox is looking to capitalise.