Shareholder Loan

The Board of the Company has entered into a further loan agreement for Euros 350,000 with a DCI shareholder to provide additional working capital to the Company. When combined with the shareholder loans announced previously, all of the Shareholder Loans are expected to total up to €3.0 million in aggregate (the "Shareholder Loans" or "Shareholder Loan Agreements"). Four previous loans amounted to €350,000 each and two loans from funds managed by the same shareholder amounted to US$330,000 in aggregate. All of the previous Shareholder Loans have identical terms to one another (other than their date of initiation and currency of denomination) and are for a 12-month term bearing an interest rate of 12 per cent. p.a., with no fees payable on disbursement or repayment. The Company's intention is to repay the previous Shareholder Loans from the proceeds of the sale of Company assets. However, the new Shareholder Loan has identical terms except that there is no right of prepayment by the Company and it will therefore last 12 months. As the Shareholder Loans have not been repaid by 30 September 2023, collateral in the form of security over certain Company assets is being put in place using normal commercial terms which will exceed the aggregate value of each of the loans.