Exercise of Warrants, Issue of Equity & TVR

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), announces that it has received notice for the exercise of warrants to subscribe for 767,500 new ordinary shares of 0.1 pence each in the Company (the "Ordinary Shares"). The exercise price of the warrants is 55 pence per new Ordinary Share and will generate proceeds of £422,125.00 for the Company.

The warrants were issued to subscribers of new Ordinary Shares in the placing announced by the Company on 14 December 2023 and following today's exercise of warrants, there are 3,125,000 of these warrants outstanding.

Admission to AIM

Application has been made to London Stock Exchange plc for the 767,500 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the new Ordinary Shares will commence on AIM at 8.00 a.m. on or around 19 March 2024.

Total Voting Rights

Upon Admission, the Company's issued share capital will consist of 82,775,158 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 82,775,158. With effect from Admission, this figure may be used by shareholders in the Company 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.