Equity Subscription and Total Voting Rights

Acceler8 Ventures Plc (LSE: AC8, "AC8", the "Group" or the "Company") is pleased to announce that it has raised £5 million from funds managed by Feoh Investments UK LLP ("Feoh"), a UK-based investment manager, with up to a further £30 million of equity capital available by Feoh to invest on a primary basis (together, the "Feoh Investment").

Highlights

• Initial £5 million raised immediately through a subscription at a price of 74.25 pence per ordinary share[1] (the "Initial Subscription")
• Up to a further £30 million available for Feoh to invest, at Feoh's election, across two tranches:

o Up to £5 million on any date, from 30 days after the Initial Subscription and up to the delivery of Milestone 2 under the previously announced Helikon Agreement (the "Milestone 2 Subscription"); and

o On the basis a minimum investment of £3 million is made under the Milestone 2 Subscription, up to a further £25 million on any date coincidental with or subsequent to the Milestone 2 Subscription and up to the delivery of Milestone 3 under the Helikon Agreement (the "Milestone 3 Subscription").

• Proceeds raised to be used to accelerate growth options for the Group, in addition to existing cash resources.

Daniel Levine, Chief Executive Officer of AC8 commented:

"I am delighted with the response we have had upon joining the ESCC category of the Official List of the FCA and the main market. While we remain well capitalised with sufficient liquidity to deliver our plans, this is a fantastic opportunity to have another institution increase their position on our register. Feoh understands the significant potential for the Group and is looking to support us as we deliver our ambitious long-term growth strategy."

Ola Malm, Managing Member of Feoh commented:

"We are thrilled to be partnering with the AC8 team and to have the opportunity to support the Group at a pivotal stage in its journey."

Feoh has today entered into a subscription agreement with the Company in relation to the Feoh Investment (the "Subscription Agreement").

The Initial Subscription

Pursuant to the Subscription Agreement, Feoh has agreed (in its capacity as investment manager on behalf of its underlying funds) to make the Initial Investment under which it has agreed to invest £5 million through the issue of 6,734,006 ordinary shares of £0.01 par value each in the capital of the Company ("Ordinary Shares") (the "New Shares") at a subscription price of 74.25 pence per New Share (the "Initial Subscription Price"). The New Shares represent 0.9% of the current issued share capital of AC8. The Initial Subscription will raise net proceeds of £5.0 million after minimal transaction costs.

Pursuant to the Subscription Agreement, Feoh and the Company have given certain customary representations, warranties, and undertakings to each other.

The New Shares are being issued under existing shareholder authorities provided at the Company's recently held General Meeting, and application will be made to the London Stock Exchange for the New Shares to be admitted to trading on the main market ("Admission"). It is expected that Admission will become effective and that dealings in the New Shares will commence at 8.00 a.m. on 10 September 2026.

The New Shares will be issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares.

The Milestone 2 and Milestone 3 Subscriptions

Milestone 2 is sight of the official communication from the Ministry of Finance to the General Administration of Sport of China ("GAS") instructing the GAS to commence the sports lottery "paperless" trial and publication of the applicable London Stock Exchange Regulatory News Service ("RNS") announcement by the Company. Milestone 3 is sight of the official communication from the GAS confirming go-ahead of a national roll-out of "paperless" lottery to sports lottery shops in China and publication of the applicable RNS announcement by the Company.

In the event Feoh do not elect to invest at least £3 million under Milestone 2, their option to invest further funds under the Feoh Investment agreement shall lapse.

Any Milestone 2 Subscription and any Milestone 3 Subscription will be at a price calculated as the lower of the Initial Subscription Price and a 10 per cent. discount to the closing middle market price of an Ordinary Share immediately preceding the date Feoh elects to invest under the Milestone 2 Subscription or the Milestone 3 Subscription (as applicable) or the date of the regulatory announcement of the relevant milestone.

Total Voting Rights

Following the issue of the New Shares, the issued share capital of the Company will be 758,912,252 Ordinary Shares each carrying one vote.

The above figure of 758,912,252 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.