Holding(s) in Company

Reykjavik, May 06, 2024 (GLOBE NEWSWIRE) -- *TR-1: Standard form for notification of major holdings*

*NOTIFICATION OF MAJOR HOLDINGS*
*1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:* Amaroq Minerals Ltd.
*1b. Please indicate if the issuer is a non-UK issuer *(please mark with an “X” if appropriate)
Non-UK issuer X
*2. Reason for the notification *(please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments  
An event changing the breakdown of voting rights  
Other (please specify):  
*3. Details of person subject to the notification obligation*
Name Arion banki hf.
City and country of registered office (if applicable) Reykjavik, Iceland
*4. Full name of shareholder(s)* (if different from 3.)
Name  
City and country of registered office (if applicable)  
*5. Date on which the threshold was crossed or reached:* 04 April 2024
*6. **Date on which issuer notified (DD/MM/YYYY):* 03 May 2024
*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 held in issuer (8.A + 8.B)
Resulting situation on the date on which threshold was crossed or reached 3.17% - 3.17% 10,333,818
Position of previous notification (if applicable)        *8. Notified details of the resulting situation on the date on which the threshold was crossed or reached*
*A: Voting rights attached to shares*
*Class/type of*
*shares*

ISIN code (if possible)

*Number of voting rights* *% of voting rights*
*Direct*

(DTR5.1) *Indirect*

(DTR5.2.1) *Direct*

(DTR5.1) *Indirect*

(DTR5.2.1)
CA02312A1066 9,718,385 615,433 2.98% 0.19%
*SUBTOTAL 8. A* 10,333,818 3.17%
*B 1: Financial Instruments according to DTR5.3.1R (1) (a)*
*Type of financial instrument* *Expiration*
*date* *Exercise/Conversion Period* *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 DTR5.3.1R (1) (b)*
*Type of financial instrument* *Expiration*
*date* *Exercise/ *
*Conversion Period* *Physical or cash Settlement* *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  
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 (please add additional rows as necessary) X
*Name* *% 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*
Vörður tryggingar hf.      
Lífeyrisauki      
*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*

*Place of completion* Reykjavik, Iceland
*Date of completion* 06 May 2024