Issue of Equity

Chill Brands, the consumer packaged-goods distribution company, notifies, further to the announcement of 23 May 2025, that it is issuing 16,635,787 new ordinary shares of 1 pence ("Ordinary Shares") in settlement of the accrued interest payment due to the Company's largest shareholder, Jonathan Swann, for his 20,000,000 convertible loan notes issued in 2023 with an aggregate principal value of £1.6 million, originally announced on 3 April 2023 (the "2023 CLN"). This payment relates to outstanding accrued interest of £215,134, with the issue price of the new Ordinary Shares calculated at the volume-weighted average price ("VWAP") over the ten trading days following the lifting of the suspension of trading in the Ordinary Shares, i.e. 11-25 August 2025. The VWAP was 1.2932 pence.

Admission and Total Voting Rights

Applications will be made for the new Ordinary Shares to be admitted to trading on the Main Market of the London Stock Exchange and to listing in the Standard Segment of the FCA Official List ("Admission"). It is expected that the issue will take place, Admission will become effective and that dealings in the New Shares on the Main Market of the London Stock Exchange will commence on or around 1 October 2025.

On Admission, the Company will have 522,926,812 Ordinary Shares in issue, each with one voting right. There are no shares held in treasury. Therefore, the Company's total number of Ordinary Shares and voting rights will be 522,926,812 and this figure may be used by shareholders from Admission 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 Company under the FCA's Disclosure Guidance and Transparency Rules.