Result of Significantly Oversubscribed Placing

Audioboom (AIM: BOOM), the leading global podcast company, is pleased to announce that further to the announcement made on 16 July 2025 (the "Launch Announcement"), the Accelerated Bookbuild has now closed, and the Company has raised gross proceeds of approximately £3.0 million (before expenses), through the successful Placing of 1,111,112 Placing Shares to new and existing investors, which will be used to part-finance the Acquisition of Adelicious.

The Issue Price of 270 pence per share, represents a discount of approximately 3.9 per cent. to the closing mid-market price of 281 pence on 15 July 2025, being the last business day prior to the announcement of the Placing.

The Placing has been carried out pursuant to the Company's existing shareholder authorities granted at the Company's 2024 Annual General Meeting.

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Admission and Total Voting Rights

Application will be made for the 1,111,112 Placing Shares and the 405,405 Initial Consideration Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00 a.m. on or around 22 July 2025.

Following Admission, the issued ordinary share capital of the Company will comprise 17,956,158 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company is 17,956,158. This figure 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined herein or the context requires, capitalised terms used in this announcement have the meanings given to them in the Launch Announcement released earlier today under RNS number 3604R.