Arrow Exploration : TR1 – Notification of Major Holdings

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

CA04274P1053

Issuer Name

ARROW EXPLORATION CORP.

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of financial instruments

3. Details of person subject to the notification obligation

Name

Spreadex LTD

City of registered office (if applicable)

St. Albans

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

1. Date on which the threshold was crossed or reached 17-Jan-2022
2. Date on which Issuer notified

18-Jan-2022

7. Total positions of person(s) subject to the notification obligation

		% of voting		% of voting rights		Total of both		Total number of
				in % (8.A +		voting rights
		rights attached		through financial
				8.B)		held in issuer

		to shares (total		instruments (total
		of 8.A)		of 8.B 1 + 8.B 2)
Resulting
situation on the
date on which	4.854500	3.202900	8.057400	16890159
threshold was
crossed or
reached
Position of
previous	4.850000	1.210000	6.060000
notification (if
applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of	Number of direct	Number of indirect	% of direct voting		% of indirect
shares ISIN	voting rights	voting rights		voting rights
rights (DTR5.1)
code(if possible)	(DTR5.1)	(DTR5.2.1)		(DTR5.2.1)
CA04274P1053	10176108		4.854500
Sub Total 8.A	10176108		4.854500%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

			Number of voting
Type of financial		Exercise/conversion	rights that may be	% of voting
Expiration date	acquired if the
instrument	period	rights
	instrument is
			exercised/converted
CFD/Spreadbet			6714051	3.202900
Sub Total 8.B1			6714051	3.202900%

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of	Expiration	Exercise/conversion	Physical or cash	Number of		% of voting
financial
date	period	settlement	voting rights		rights
instrument
Sub Total 8.B2

9. Information in relation to the person subject to the notification obligation

1. 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.

		% of voting rights	% of voting rights		Total of both if it
Ultimate	Name of	if it equals or is	through financial		equals or is
controlled	higher than the	instruments if it equals		higher than the
controlling person
undertaking	notifiable	or is higher than the		notifiable
		threshold	notifiable threshold		threshold

10. In case of proxy voting 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

Matthew Allen 01727895011

1. Date of Completion
   18-Jan-2022
2. Place Of Completion
   UK