FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

relevant securities this form relates:

ADRIATIC METALS PLC

(d)

If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e)

Date position held/dealing undertaken:

01 Sep 2025

(f)

In addition to the company in 1(c) above, is the discloser making

disclosures in respect of any other party to the offer?

YES:

DUNDEE PRECIOUS METALS INC

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing(if any)

Class of relevant security:

1p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

5,226,755

1.51%

23,623

0.01%

(2) Cash-settled derivatives:

23,623

0.01%

2,599,610

0.75%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

5,250,378

1.52%

2,623,233

0.76%

Class of relevant security:

CHESS Depositary Interests

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

0

0.00%

0

0.00%

(2) Cash-settled derivatives:

0

0.00%

2,627,145

0.76%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

0

0.00%

2,627,145

0.76%

(b)

Rights to subscribe for new securities (including directors and

other executive options)

Class of relevant security in relation to

which subscription right exists

Details, including nature of the rights

concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a)

Purchase and sales

Class of relevant

security

Purchase/sale

Number of

securities

Price per unit

1p ordinary

Purchase

10,763

3.2286 GBP

1p ordinary

Purchase

9,109

3.1949 GBP

1p ordinary

Purchase

1,487

3.1953 GBP

1p ordinary

Purchase

1,070

3.2192 GBP

1p ordinary

Purchase

1,004

3.1988 GBP

1p ordinary

Purchase

693

3.2000 GBP

1p ordinary

Purchase

667

3.2300 GBP

1p ordinary

Purchase

343

3.2107 GBP

1p ordinary

Sale

5,466

3.2573 GBP

1p ordinary

Sale

1,509

3.1750 GBP

1p ordinary

Sale

1,324

3.1999 GBP

1p ordinary

Sale

1,196

3.2363 GBP

1p ordinary

Sale

547

3.2099 GBP

(b)

Cash-settled derivative transactions

Class of

relevant

security

Product description

Nature of dealing

Number of

reference

securities

Price per

unit

1p ordinary

SWAP

Decreasing Short

1,324

3.1999 GBP

1p ordinary

SWAP

Decreasing Short

547

3.2099 GBP

1p ordinary

SWAP

Decreasing Short

1,196

3.2363 GBP

1p ordinary

SWAP

Increasing Short

1,531

3.1726 GBP

1p ordinary

SWAP

Increasing Short

6,785

3.1945 GBP

1p ordinary

SWAP

Increasing Short

1,004

3.1988 GBP

1p ordinary

SWAP

Increasing Short

5,745

3.2224 GBP

1p ordinary

SWAP

Increasing Short

6,032

3.2247 GBP

1p ordinary

SWAP

Increasing Short

793

3.2416 GBP

1p ordinary

CFD

Decreasing Short

5,466

3.2571 GBP

1p ordinary

CFD

Increasing Short

194

3.2002 GBP

1p ordinary

CFD

Increasing Short

1,543

3.2285 GBP

(c)

Stock-settled derivative transactions

(including options)

(i)

Writing, selling, purchasing or varying

Class

of

relevant

security

Product

description

Writing,

purchasing,

selling,

varying etc

Number

of

securities

to which

option

relates

Exercise

price

per unit

Type

Expiry

date

Option

money

paid/

received

per unit

(ii)

Exercise

Class of relevant

security

Product description

Exercising/ exercised against

Number of

securities

Exercise price per

unit

(d)

Other dealings (including subscribing for

new securities)

Class of relevant

security

Nature of Dealings

Details

Price per unit (if

applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,

formal or informal, relating to relevant securities which may be an inducement to deal

or refrain from dealing entered into by the person making the disclosure and any party

to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or

derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights of future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

02 Sep 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213