Launch of Retail Offer

THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF AURRIGO INTERNATIONAL PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY WITH SUCH PERSONS.

Aurrigo International plc

("Aurrigo" or the "Company")

Retail Offer

Aurrigo International plc (AIM: AURR), a leading international provider of transport technology solutions, is pleased to announce a retail offer to existing retail shareholders via the BookBuild Platform (the "Retail Offer") to raise up to approximately £0.325 million through the issue of new ordinary shares of £0.002 each in the share capital of the Company ("Ordinary Shares"). Under the Retail Offer, up to 325,000 new Ordinary Shares (the "Retail Offer Shares") will be made available at a price of 100 pence per Retail Offer Share (the "Issue Price").

In addition to the Retail Offer, the Company announced on 15 November 2023 the successful placing ("Placing Announcement") of 3,840,000 new Ordinary Shares (the "Placing Shares") at the Issue Price through an accelerated bookbuild process (the "Placing" and together with the Retail Offer, the "Fundraising") .

The Placing Announcement sets out the reasons for the Fundraising and the proposed use of proceeds. The Retail Offer is not part of the Placing and completion of the Placing is not conditional on the completion of the Retail Offer.

The Retail Offer is conditional (amongst other things) upon admission of the Retail Offer Shares to trading on the AIM market of London Stock Exchange plc ("Admission") and (iii) completion of the Placing.

Admission of the Retail Offer Shares is expected to take place and dealings are expected to commence at 8.00 a.m. on or around 1 December 2023.

Expected Timetable in connection with the Retail Offer

Bookbuild Platform Retail Offer

The Company values its exiting retail shareholder base and believes that it is appropriate to provide its existing eligible retail shareholders in the United Kingdom with the opportunity to participate in the Retail Offer.

The Company is therefore making the Retail Offer available in the United Kingdom through certain financial intermediaries which will be listed, subject to certain access restrictions, on the following website: https://www.bookbuild.live/deals/EQR4GQ/authorised-intermediaries

Singer Capital Markets Securities Limited is acting as retail offer coordinator in relation to this Retail Offer (the "Retail Offer Coordinator").

Eligible retail shareholders can contact their broker or wealth manager ("Intermediary") to participate in the Retail Offer. In order to participate in the Retail Offer, each Intermediary must be on-boarded onto the BookBuild Platform and agree to the final terms and the retail offer terms and conditions, which regulate, inter alia, the conduct of the Retail Offer on market standard terms and provide for the payment of commission to any Intermediary that elects to receive a commission and/or fee (to the extent permitted by the FCA Handbook Rules) from the Retail Offer Coordinator (on behalf of the Company).

Any expenses incurred by any Intermediary are for its own account. Eligible investors should confirm separately with their Intermediary whether there are any commissions, fees or expenses that will be applied by such Intermediary in connection with any application made through that Intermediary pursuant to the Retail Offer.

The Retail Offer will open to eligible investors in the United Kingdom following release of this announcement. The Retail Offer is expected to close at 4.30 p.m. on 28 November 2023. Investors should note that Intermediaries may have earlier closing times. The Retail Offer may close early if it is oversubscribed.

No offering document, prospectus or admission document has been or will be prepared or submitted to be approved by the Financial Conduct Authority (or any other authority) in relation to the Retail Offer, and investors' commitments will be made solely on the basis of the information contained in this announcement and information that has been published by or on behalf of the Company prior to the date of this announcement by notification to a Regulatory Information Service in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules and the Market Abuse Regulation (EU Regulation No. 596/2014) ("MAR") as it forms part of the domestic law of England and Wales by virtue of the European Union (Withdrawal) Act 2018 (as amended).

There is a minimum subscription of £300 per eligible investor under the terms of the Retail Offer. There is no maximum application amount per eligible investor under the terms of the Retail Offer, though note the total size of the Retail Offer (as referenced above) and the discretion the Company has to scale back applications. The terms and conditions on which eligible investors subscribe will be provided by the relevant Intermediaries including relevant commission or fee charges.

Information to Distributors

UK Product Governance Requirements