Retail Offer by PrimaryBid

• The Retail Offer is available to both existing shareholders and new investors;
• The new Ordinary Shares to be issued pursuant to the Retail Offer and the Placing will be sold at the Issue Price;
• There is a minimum subscription of £250 per investor in the Retail Offer;
• No commission will be charged by PrimaryBid on applications to the Retail Offer; and
• The Retail Offer will be to raise a maximum of £1 million.

The Retail Offer

Frontier IP Group plc (AIM: FIPP), a specialist in commercialising intellectual property, is pleased to announce a conditional offer for subscription of new ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") via PrimaryBid (the "Retail Offer") at an issue price of 28 pence per new Ordinary Share (the "Issue Price"). The Company is also conducting a placing of new Ordinary Shares at the Issue Price by way of an accelerated bookbuilding process (the "Placing") as well as a subscription (the "Subscription", together with the Retail Offer and the Placing, the "Fundraising") for a minimum of 10,822,968 new Ordinary Shares at the Issue Price raising a minimum of £3.0 million as announced earlier today.

The Retail Offer is conditional on approval by the Shareholders at the AGM to be held at Mantle Space Offices, Nine Hills Road, Cambridge, CB2 1GE at 11.00 a.m. on 19 December 2024. The Fundraising is further conditional on the new Ordinary Shares to be issued pursuant to the Fundraise being admitted to trading on AIM ("Admission"). Admission is expected to take place at 8.00 a.m. on 23 December 2024. The Retail Offer will not be completed without the Placing also being completed. The Placing and the Subscription are also conditional on approval by shareholders at the AGM to be held on 19 December 2024.

The Company's audited full year results to 30 June 2024 announced today contained a material uncertainty related to going concern as the Company currently have insufficient cash to cover its operating expenses for the twelve months from signing the accounts, without the receipt of the net proceeds of the Fundraising.

The Company therefore intends to use the net proceeds of the Fundraising to support the ongoing working capital requirements of the business to provide enough headroom for the Company to be able to deliver on the portfolio realisations it anticipates achieving in the near term. The Company will also use the net proceeds of the Fundraise to selectively support its portfolio companies.

Reason for the Retail Offer

While the Placing has been structured as a non-pre-emptive offer to certain investors, the Company values its retail investor base and is therefore pleased to provide retail investors with the opportunity to participate in the Retail Offer.

Some partners may only accept applications from existing shareholders and/or existing customers.

The Retail Offer will open to investors resident and physically located in the United Kingdom following the release of this Announcement. The Retail Offer is expected to close at 17:00 p.m. on 25 November 2024 and may close early if it is oversubscribed.

There is a minimum subscription amount of £250 per investor in the Retail Offer. The Retail Offer is intended to raise up to £1 million.

The new Ordinary Shares to be issued pursuant to the Retail Offer will be issued free of all liens, charges and encumbrances and will, when issued and fully paid, rank pari passuin all respects with the new Ordinary Shares to be issued pursuant to the Placing, the Subscription and the Company's existing Ordinary Shares.