Conditional Further Investment

BSF Enterprise PLC (LSE: BSFA) ("BSF" or the "Company"), a leading innovator in tissue-engineered materials, is pleased to announce that it has conditionally placed 25,000,000 new ordinary shares in the Company ("Placing Shares") raising £500,000 before expenses at 2p per share in a placing ("Placing").

The proceeds of the Placing will be used to reinforce the Company's strategic business and growth plans, with the possibility of significant growth in shareholder value throughout 2026.

Issue of Warrants

In connection with the Placing, the Company will issue, on completion of the Placing, 1,500,000 warrants to Bowsprit Partners who arranged the Placing ("Broker Warrants"). The Broker Warrants shall be exercisable at 2p per Ordinary Share. The Broker Warrants are exercisable at any time within three years of Admission.

Any issuance of shares under the Broker Warrants will be subject to available authority to issue shares being granted by the Company's shareholders at the forthcoming General Meeting.

Admission

Completion of the Placing is conditional on, inter alia, sufficient authority being granted and the Company's forthcoming General Meeting, the Placing Shares being admitted to listing on the Equity Shares (transition) category of the Official List and to trading on the London Stock Exchange's main market for listed securities ("Admission").

Applications will be made to the FCA and to the London Stock Exchange for Admission in respect of all the Placing Shares proposed to be issued on completion of the Placing. It is expected that Admission will become effective, and that dealings in the Placing Shares are expected to commence on or around 8.00 a.m. on or around 12th June 2026.

The rights attaching to the Placing Shares will rank pari passu with the existing ordinary shares of the Company.

Total Voting Rights

Following Admission, the Company's enlarged share capital will comprise 191,874,437 ordinary shares of 1 penny each. Therefore, the total number of voting rights in the Company will be 191,874,437. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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ISIN of the Ordinary Shares is GB00BHNBDQ51. SEDOL Code is BHNBDQ5.

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