28 January 2022

STRANGER HOLDINGS PLC

("Stranger" or the "Company")

Interim Results for the Six-Month Period Ended 30 September 2021

Stranger is an investment company with the original primary objective of undertaking a single acquisition of a target company, business, or asset in the industrial or service sector.

Chairman's Report

On 26 September 2021 the directors were pleased to announce that the company had entered into a Memorandum of Understanding with Mayflower Capital Investments Pty Limited ("Mayflower") for the acquisition of certain mineral rights in Africa, to include commodities such as Tin and Uranium. It is a very exciting opportunity for the Company; however, we are still currently unable to disclose any further details at this stage due to confidentiality reasons, but we will update the market as soon as we are able. The directors have already completed a Reverse Take-Over transaction with Mayflower via Caracal Gold PLC (formerly Papillon Holdings PLC), which they still act as directors for, and we have enjoyed an excellent working relationship with the Mayflower team and look forward to progressing this transaction with them.

Post 30 September, the Company provided an update on the transaction with Mayflower Capital to acquire an advance and near-term production uranium project (the 'Project') located in South Africa (the 'Acquisition'). The Project is located in the Northern Cape and close to the Namibian border and is an established uranium production jurisdiction.

High grade uranium mineralisation was first discovered by Anglo American in 1975 and extensive exploration programs, resource definition drilling, metallurgical test work and feasibility studies have been completed since then. The Project extends over a total area of 74,151 hectares and is covered by a granted Prospecting Right and all necessary permits and approvals are in place to allow the Company to commence exploration and update the feasibility study work.

The Board and its consultants are of the opinion that the Project has the potential to be developed as a near term, low cost uranium project, which benefits from excellent infrastructure with road, power and water within 2km of deposit, and which is likely to receive strong market support when the Company is re-admitted to the Official List and to trading on the main market for listed securities of the London Stock Exchange, given the strength of the uranium market.

In accordance with the  announced Heads of Terms, the Company appointed a new non-executive director, Ms Jackline Muchai, to the Board, in December 2021 as a representative of the Project vendors, and a further a representative is to be appointed as a non-executive director on completion of its legal, financial and technical due diligence. The Company is pleased with the process that its consultants and Mayflower are making with the Acquisition and looks forward to concluding it in 2022. As part of the transaction the Company is commencing a balance sheet restructuring and is being advised by Mazars LLP.

Acquisitions are subject, inter alia, to the completion of due diligence, documentation and compliance with all regulatory requirements, including the Listing and Prospectus Rules and, as required, the Takeover Code. The Company will, in due course, be making an application for the enlarged Company to have its Ordinary Shares admitted to the Official List and to trading on the main market for listed securities of the London Stock Exchange.

The previously contemplated and announced transactions to acquire The Recyclus Group were terminated with immediate effect and we have appointed solicitors to recover monies owed to us of in the region of £390,000 plus interest and costs. The Company had received substantial further advances from the bond, which have been onward advanced to Recyclus, for which they had assumed responsibility for the servicing and ultimate repayment of the bond. There is no guarantee that we will be successful in the claim, but we are advised our claims are strong.

The Future

The directors look forward to completing this RTO as soon as practicable as we believe the acquisition represents an exciting and profitable opportunity for the shareholders of the Company.

Risks and uncertainties

The Company is a relatively new entity, with only a brief operating history, and therefore, investors have no basis on which to evaluate the Company's ability to achieve its objective of identifying, acquiring, and operating one or more companies or businesses.

Going Concern

As stated in the notes to the condensed financial statements, the directors are satisfied that the Company has sufficient resources to continue in operation for the foreseeable future, a period of not less than 12 months from the date of this report. Accordingly, they continue to adopt the going concern basis in preparing the condensed financial statements.

Responsibility Statement

We confirm that to the best of our knowledge:

(a)  the condensed set of financial statements has been prepared in accordance with IAS 34 'Interim Financial Reporting';

(b)  the interim management report includes a fair review of the information required by DTR 4.2.7R (indication of important events during the first six months and description of principal risks and uncertainties for the remaining six months of the year; and

(c)   the interim management report includes a fair review of the information required by DTR 4.2.8R (disclosure of related parties' transactions and changes therein).

Cautionary statement

This Interim Management Report (IMR) has been prepared solely to provide additional information to shareholders to assess the Company's strategies and the potential for those strategies to succeed. The IMR should not be relied on by any other party or for any other purpose.

James Longley

Director

27 January 2022