Result of oversubscribed Placing

Aurrigo International plc (AIM: AURR), a leading international provider of transport technology solutions, is pleased to announce that, further to the Company's announcement on 27 August 2025

("Placing Launch Announcement"), the Company has conditionally raised gross proceeds of approximately £4.0 million through the placing of 8,990,968 new ordinary shares of £0.002 each in the Company (the "Placing Shares") with certain existing and new institutional and other investors at the Issue Price of 45 pence per new Ordinary Share.

Combined with the £9.75 million of gross proceeds raised pursuant to the Subscription, aggregate gross proceeds of the Fundraise is currently £13.8 million. This figure does not yet include any proceeds from the WRAP Retail Offer of up to £0.5 million, which remains open for applications.

The Placing was oversubscribed and the Company, having taken into account the strong support received from existing and new investors, decided to increase the size of the Placing. The result of the Retail Offer, which launched on 27 August 2025, is expected to be announced separately on 29 August 2025.

Defined terms used in the Placing Launch Announcement shall have the same meaning when used in this announcement.

David Keene, CEO of Aurrigo International, commented: "We are delighted to welcome Next Gen as a new strategic investor in Aurrigo and grateful for the support of both our existing and new investors. The funds raised will provide additional firepower to expand our operations and team, as we focus on the successful launch and go-to-market of our leading solutions."

First Admission and Total Voting Rights

Application has been made for 2,528,746 First Tranche Placing Shares to be admitted to trading on the AIM market of London Stock Exchange plc ("AIM") ("First Admission"). Settlement of the First Tranche Placing Shares and First Admission are expected to take place on or before 8.00 a.m. on 3 September 2025.

First Admission is conditional, inter alia, upon the Placing Agreement not having been terminated and becoming unconditional in respect of the First Tranche Placing Shares.

Following First Admission, the Company's enlarged issued ordinary share capital will be 60,529,016. This figure may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Second Admission

Application has been made for 8,973,655 Second Tranche Placing Shares and the First Tranche Subscription Shares to be admitted to trading on AIM ("Second Admission"). Settlement of the Second Tranche Placing Shares and the First Tranche Subscription Shares and Second Admission are expected to take place on or before 8.00 a.m. on 4 September 2025.

Second Admission is conditional, inter alia, upon First Admission, the Subscription Letter not having been terminated and the Placing Agreement not having been terminated and becoming unconditional in respect of the Second Tranche Placing Shares.

Following Second Admission, the Company's enlarged issued ordinary share capital will be 69,502,671. This figure may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Third Admission

Application will be made for 19,155,233 Third Tranche Placing Shares and the Second Tranche Subscription Shares, in addition to the WRAP Retail Offer Shares, to be admitted to trading on AIM ("Third Admission"). Settlement of the Third Tranche Placing Shares, the Second Tranche Subscription Shares and the WRAP Retail Offer Shares and Third Admission are expected to take place on or before 8.00 a.m. on 22 September 2025.

Third Admission is conditional upon, inter alia, First Admission, Second Admission, the Subscription Letter not having been terminated, the Placing Agreement not having been terminated and becoming unconditional in respect of the Third Tranche Placing Shares and also upon the passing of the Fundraise Resolutions by Shareholders at the General Meeting.

A further announcement will be made following the General Meeting, which will include the total voting rights in the Company's share capital following admission of the Third Tranche Placing Shares, Second Tranche Subscription Shares and WRAP Retail Offer Shares.

UK Product Governance Requirements

Solely for the purposes of the product governance requirements contained within the FCA Handbook Product Intervention and Product Governance Sourcebook (the "UK Product Governance Rules"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any 'manufacturer' (for the purposes of the UK Product Governance Rules) may otherwise have with respect thereto, the Placing Shares have been subject to a product approval process, which has determined that the Placing Shares are: (i) compatible with an end target market of (a) retail clients, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of UK law by virtue of the EUWA, (b) investors who meet the criteria of professional clients as defined in Regulation (EU) No 600/2014 as it forms part of UK law by virtue of the EUWA and (c) eligible counterparties, each as defined in chapter 3 of the FCA Handbook Conduct of Business Sourcebook ("COBS"); and (ii) eligible for distribution through all distribution channels as are permitted by Directive 2014/65/EU (the "UK Target Market Assessment"). Notwithstanding the UK Target Market Assessment, distributors should note that: the price of the Placing Shares may decline and investors could lose all or part of their investment; the Placing Shares offer no guaranteed income and no capital protection; and an investment in the Placing Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The UK Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Placing. Furthermore, it is noted that, notwithstanding the UK Target Market Assessment, the Banks will only procure investors who meet the criteria of professional clients and eligible counterparties. For the avoidance of doubt, the UK Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of COBS; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Placing Shares. Each distributor is responsible for undertaking its own target market assessment in respect of the Placing Shares and determining appropriate distribution channels.

EU Product Governance Requirements

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any 'manufacturer' (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the Placing Shares have been subject to a product approval process, which has determined that the Placing Shares are: (i) compatible with an end target market of retail clients and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the "EU Target Market Assessment"). Notwithstanding the EU Target Market Assessment, distributors should note that: the price of the Placing Shares may decline and investors could lose all or part of their investment; the Placing Shares offer no guaranteed income and no capital protection; and an investment in the Placing Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The EU Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Placing. Furthermore, it is noted that, notwithstanding the EU Target Market Assessment, The Banks will only procure investors who meet the criteria of professional clients and eligible counterparties.

Basis on which information is presented