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Fox Marble Holdings

Fox Marble Holdings plc Resumption of production and new sales

Fox Marble Holdings (LON:FOX) has today announced the resumption of production after the usual winter shut down in our Prilep quarry in Northern Macedonia. The quarry, which contains white marble marketed as Alexandrian White, is now also producing substantial quantities of Alexandrian Blue from a newly developed section on the east side of the site. The quarry is expected to benefit from the deployment of additional equipment to significantly increase production levels to satisfy growing demand.

· Commercial extraction resumed of Alexandrian marble from Prilep Quarry.

· 400 tonne order of Alexandrian White completed and paid for in February 2019.

· New equipment deployed in quarry to increase production.

In February Fox Marble sold, and received payment for, 400 tonnes of Alexandrian White blocks to a new customer. The customer is shipping these blocks to their facility in Drama in Northern Greece for processing. This customer was responsible for supplying similar material to the Sheik Zayed Grand Mosque in Abu Dhabi and has indicated their intention to purchase additional quantities of this marble on a regular basis throughout the year.

Chris Gilbert, Fox Marble Holdings plc CEO, commented

“This large volume block order to a new customer so early in the year following the winter break is an encouraging sign for the upcoming year. The customer, who has a long history of selling material from the Prilep area throughout the world, has indicated an intent to buy further quantities of this material throughout 2019. The increase in monthly production at this quarry, following the investment made in equipment and resourcing, gives us the ability to supply more significant orders having developed robust markets for our stone worldwide.”