Result of Placing and Subscription

Built Cybernetics plc (AIM: BUC), the AIM-quoted Smart Buildings and PropTech group, is pleased to announce that, further to the Company’s announcement at 7.30 a.m. on 8 October 2026 (the “Launch Announcement”), it has conditionally raised gross proceeds of £2.9 million through the Placing and Subscription.

The Company has conditionally raised £2.3 million pursuant to the Placing of 155,296,526 Placing Shares, approximately £0.1 million pursuant to the Subscription of 7,253,333 Subscription Shares and £0.5 million pursuant to the CLAs, in each case at the Placing Price of 1.5 pence per new Ordinary Share.

Nick Clark and Freddie Jenner (and certain of their associated parties), who are directors of Built Cybernetics, participated in the Placing for a total of £76,000 and £39,000, respectively. Clive Carver, Chairman, and Nick Clark (and certain of their associated parties) participated in the subscription for £10,000 and £40,000, respectively.

In addition, the Company has today announced the launch of the Retail Offer to raise up to approximately £150,000 through the issue of up to 10,000,000 Retail Offer Shares at the Placing Price. As detailed in the Launch Announcement, the Company has received and provided clearance to deal for orders from its employees totalling £79,632, with a further £21,000 proposed to be invested by existing shareholders.

The New Ordinary Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends or other distributions made, paid or declared in respect of such shares after the date of issue of the new Ordinary Shares.

Canaccord Genuity Limited ("Canaccord Genuity") and Allenby Capital Limited (“Allenby”) acted as joint bookrunners (the "Bookrunners") to the Company in connection with the Placing.

The Acquisition and Fundraising are conditional and subject, among other matters, to shareholders of the Company (“Shareholders”) passing the resolutions required to implement the Acquisition and Fundraising (the “Resolutions”) at a general meeting of the Company which is expected to be held at noon on 2 November 2026 at the offices of the Company, 10 Bonhill Street, London EC2A 4PE (the “General Meeting”), and to the admission of the New Ordinary Shares to trading on AIM (“Admission”). The Retail Offer will also be conditional upon, among other matters, the passing of the Resolutions and Admission.

Unless otherwise defined herein, capitalised terms used in this announcement have the meanings given to them in the Launch Announcement.

Capital Access Window

As detailed in the Launch Announcement, the Company entered a Capital Access Window at 7.30 a.m. BST on 28 September 2026, in order to reach a broader range of investors during the Fundraising. It is intended that the Capital Access Window will remain open until after the Retail Offer has closed (expected at 4.30 p.m. on 12 October 2026), with normal trading in the Company's existing Ordinary Shares expected to resume at 8.00 a.m. on 13 October 2026.

Nick Naylor, Alex Brearley (Corporate Finance)

Jos Pinnington, Lauren Wright (Sales and Corporate Broking)

Additional Information

General Meeting

Completion and the Placing and the Subscription are conditional upon each other and, among other matters, the approval by Shareholders of the Resolutions at the General Meeting. The General Meeting is expected to be held at noon on 2 November 2026 at the offices of the Company, 10 Bonhill Street, London EC2A 4PE.

Application for Admission

Application will be made to the London Stock Exchange for the New Ordinary Shares, comprising the Consideration Shares, the Note Satisfaction Shares, the Loan Assignment Shares, the Placing Shares, the Subscription Shares, the CLA Shares and the Retail Offer Shares to be admitted to trading on AIM.

It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at 8.00 a.m. on 4 November 2026, conditional upon, among other things, the passing of the Resolutions, Completion and satisfaction of the conditions of the Placing.

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

Notes to the expected timetable

The times and dates set out above are based on the Company’s current expectations and are subject to change. If any of the above times and/or dates change, the revised times and/or dates will be notified by the Company through a regulatory information service.

The timetable assumes that there is no adjournment of the General Meeting. If the General Meeting is adjourned, the revised time and/or date will be announced through a regulatory information service and otherwise notified to Shareholders as required by applicable law and the Company’s articles of association.

All times shown are London times unless otherwise stated.

Admission of the Consideration Shares, the Note Satisfaction Shares, the Loan Assignment Shares, the Placing Shares, the Subscription Shares and the Retail Offer Shares to AIM is conditional on, among other matters, the passing of the Resolutions at the General Meeting, Completion and satisfaction of the conditions of the Placing.

Publication of the Circular

The Circular, containing further details of the Acquisition, the Note Satisfaction, the Loan Assignment, the Placing, the Subscription, the Retail Offer and the Notice of General Meeting, is expected to be published and posted to Shareholders on or around 13 October 2026.

Following publication, the Circular will be available for inspection during normal business hours on any business day at the Company’s registered office and will be available to download from the Company’s website at www.builtcybernetics.com up to and including the date of the General Meeting.