Retail Offer to raise up to £200,000

Blackbird plc (AIM:BIRD), the technology licensor, developer and seller of the market-leading cloud video editing platform, Blackbird®, and developer of the online collaborative video editing and content creation platform, elevate.io, is pleased to announce a retail offer via the BookBuild platform (the "Retail Offer") of new ordinary shares of 0.8 pence each ("Ordinary Shares") in the capital of the Company (the "Retail Offer Shares") at an issue price of 3p per New Ordinary Share (as defined below) (the "Issue Price").

In addition to the Retail Offer, the Company also announced earlier today that it has conditionally raised £2.0 million before expenses through a placing and subscription of new Ordinary Shares (the "Placing and Subscription Shares" and together with the Retail Offer Shares, the "New Ordinary Shares") at the Issue Price (the "Placing and Subscription" and, together with the Retail Offer, the "Fundraising").

A separate announcement has been made earlier today with details of the Placing and Subscription and their respective terms and conditions and setting out the background to the Fundraising and use of proceeds. The net proceeds of the Retail Offer will be utilised in the same way as the proceeds of the Placing and Subscription.

The Issue Price represents a discount of approximately 29.4 per cent. to the closing share price of 4.25p per existing Ordinary Share on 2 July 2025.

The Retail Offer is not part of the Placing and Subscription. Completion of the Placing and Subscription is not conditional on the completion of the Retail Offer. The Retail Offer is conditional, inter alia, upon (i) the passing of a resolution to authorise the issue , inter alia, of the Retail Offer Shares and disapply pre-emption rights (the "Resolution") to be put to shareholders of the Company at a general meeting of the Company (the "General Meeting"); (ii) completion of the Placing and Subscription in accordance with their respective terms; and (iii) Admission (as defined below) occurring on or before 8.00 a.m. on 28 July 2025 (or such later time and/or date as the Company and Allenby Capital may agree, but in any event by no later than 8.00 a.m. on 11 August 2025).

The General Meeting is proposed to be held at 10.00 a.m. on 24 July 2025. A circular which will provide further details of the Fundraising and include a notice convening the General Meeting, will be sent to shareholders (or, where permitted, notified to shareholders as available on the Company's website) following the close of the Retail Offer. A further announcement will be made to confirm this in due course.

Application will be made to London Stock Exchange plc for the Retail Offer Shares to be admitted to trading on AIM ("Admission"). It is currently anticipated that Admission will become effective and that dealings in the Retail Offer Shares will commence on AIM at 8.00 a.m. on or around 28 July 2025.

Investor Presentation via Investor Meet Company

The Company is pleased to announce that Ian McDonough, Executive Chair, Steve White Chief Operating and Financial Officer, Sumit Rai, Chief Product Officer, and Kell Lowinsky, Head of Marketing, will provide a live Investor Presentation relating to the Retail Offer via Investor Meet Company on 3 July 2025, 1.00 p.m.

Questions can be submitted pre-event via your Investor Meet Company dashboard up until 3 July 2025, 11.30 a.m., or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Blackbird plc via:

Expected Timetable in relation to the Retail Offer

Retail Offer

The Company values its retail shareholder base which has supported the Company alongside institutional investors. Given the support of its existing retail shareholders, the Company believes that it is appropriate to provide its existing retail shareholders in the United Kingdom the opportunity to participate in the Retail Offer.

The Company is therefore making the Retail Offer available in the United Kingdom through the financial intermediaries which will be listed, subject to certain access restrictions, on the following website: https://www.bookbuild.live/deals/076NG7/authorised-intermediaries

Allenby Capital Limited will be acting as retail offer coordinator in relation to this Retail Offer (the "Retail Offer Coordinator").

The Retail Offer will be open to eligible shareholders in the United Kingdom at 7.05 a.m. on 03/07/2025. The Retail Offer is expected to close at 9.00 a.m. on 07/07/2025. Investors should note that financial intermediaries may have earlier closing times. The Retail Offer may close early if it is oversubscribed.

There is a minimum subscription of £100 per investor under the terms of the Retail Offer which is open to investors in the United Kingdom subscribing via the intermediaries which will be listed, subject to certain access restrictions, on the following website: https://www.bookbuild.live/deals/076NG7/authorised-intermediaries

The Company's LEI is 2138006DWRVTIAVW3415.

UK Product Governance Requirements

EU Product Governance Requirements