Summary

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• Indiana Serves Notice over Ntaka Hill Nickel Project Retention Licence in Tanzania
• Notice served to Tanzanian President, Attorney General and Ministry of Energy and Minerals in relation to the Ntaka Hill Nickel Project Retention Licence
• Tanzania has breached obligations it owes to Investors under the Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the United Republic of Tanzania for the Promotion and Protection of Investments and international law
• Notice formally advises Tanzania Government of intent to submit a claim to arbitration
• Indiana is taking all necessary actions to preserve its rights as a shareholder of Ntaka Hill Holdings Limited (United Kingdom)
• International arbitration counsel retained to advise and will consider any other actions necessary to ensure its rights to the Licence are protected
• All feasible legal avenues will be pursued to protect the rights of shareholders

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Nachingwea U.K. Limited (UK), Ntaka Nickel Holdings Limited (UK) and Nachingwea Nickel Limited (Tanzania) v. United Republic of Tanzania (ICSID Case No. ARB/20/38)