Result of Retail Offer

Finseta (AIM: FIN), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, announces that, following the closing of the Retail Offer on the BookBuild platform on 16 April 2026, 799,087 Retail Offer Shares will be issued at an issue price of 8.5 pence per Retail Offer Share.

Further to the Director and PDMR Subscription announcement on 14 April 2026, James Hickman, CEO has elected to complete his subscription through the Retail Offer. Accordingly, the Subscription (as defined in the Company's announcement at 7:00 a.m. on 14 April 2026) now comprises the issue of 1,663,818 new Ordinary Shares (the "Subscription Shares") at the Issue Price, and James Hickman's subscription for 60,000 new Ordinary Shares is included within the aggregate Retail Offer Shares to be issued, set out above.

In total, the aggregate gross proceeds raised from the Retail Offer together with the Placing and Subscription announced by the Company on 14 April 2026 is £0.9 million (the "Fundraise"), comprising the issue of 10,863,185 new Ordinary Shares at the Issue Price.

Capitalised terms used in this announcement, unless otherwise defined in this announcement, have the meaning given to them in the Retail Offer launch announcement released by the Company at 7.05 a.m. on 14 April 2026. References to times are to London times unless otherwise stated.

Admission, settlement and total voting rights

Application has been made for 10,863,185 new Ordinary Shares (comprising the Retail Offer Shares, 8,400,280 new Ordinary shares issued pursuant to the Placing and 1,663,818 new Ordinary Shares issued pursuant to the Subscription) to be admitted to trading on AIM and it is expected that Admission in respect of such shares will become effective at 8:00 a.m. on or around 20 April 2026. The Fundraising Shares will rank pari passu with the existing Ordinary Shares.

Following Admission (as defined the Fundraising Announcement) in respect of the Fundraising Shares, the total number of Ordinary Shares in issue will be 70,432,918. This figure may be used by shareholders 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For the avoidance of doubt, the Retail Offer is separate from, and does not form part of, the Placing and Subscription. Completion of the Placing and Subscription is not conditional on the completion of the Retail Offer but completion of the Retail Offer is conditional, inter alia, upon the completion of the Placing and Subscription and the Fundraising Shares being admitted to trading on the AIM market ("AIM") operated by London Stock Exchange plc (the "London Stock Exchange") ("Admission").

UK Product Governance Requirements

Solely for the purposes of the product governance requirements of Chapter 3 of the FCA Handbook Product Intervention and Product Governance Sourcebook (the "UK MiFIR Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the UK MiFIR Product Governance Requirements) may otherwise have with respect thereto, the Retail Shares have been subject to a product approval process, which has determined that the Retail Shares are: (i) compatible with an end target market of investors who meet the criteria of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in paragraphs 3.5 and 3.6 of COBS; and (ii) eligible for distribution through all permitted distribution channels (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, distributors should note that: the price of the Retail Shares may decline and investors could lose all or part of their investment; the Retail Shares offer no guaranteed income and no capital protection; and an investment in the Retail Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to any contractual, legal or regulatory selling restrictions in relation to the Retail Offer.

EU Product Governance Requirements