Offer Update Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, announced on 18 March 2021 a recommended pre-conditional mandatory cash offer (the Offer ) to be made by Horvik Limited ( Horvik ) for the Company and that Horvik had agreed to acquire 44,558,918 ordinary shares of TSG, representing approximately 51.2 per cent. of TSG s issued share capital (excluding any shares held in treasury), in two tranches from a group of TSG s shareholders (the Selling Shareholders ) (the Acquisition ). Horvik completed the acquisition of 21,437,000 ordinary shares of TSG, representing approximately 24.7 per cent. of TSG s issued share capital (excluding any shares held in treasury) in the first stage of the Acquisition on 18 March 2021. Horvik announced on 19 May 2021 that it had received regulatory approval from the Russian Federal Antimonopoly Service in respect of its acquisition of the remaining 2