Result of Retail Offer and Total Voting Rights

Result of Retail Offer

and

Total Voting Rights

The Board of Gelion announces that the Retail Offer, launched on 18 December 2024 has now closed, raising in aggregate approximately £0.06 million through the issuance of 394,529 Retail Offer Shares at the Issue Price of 15 pence each.

In addition, due to additional demand the Company has raised an additional £0.08 million via the Subscription and therefore an additional 533,333 Subscription Shares will be issued by the Company.

Consequently, the Company will issue 6,906,642 Placing Shares, 4,096,666 Subscription Shares and 394,529 Retail Offer Shares (being an aggregate of 11.397,837 New Ordinary Shares) to raise total gross proceeds of approximately £1.7 million as part of the Fundraising.

Admission and Total Voting Rights

It is expected that Admission of the New Ordinary Shares will take place at 8.00 a.m. on 24 December 2024 and that dealings in the New Ordinary Shares on AIM will commence at the same time.

On Admission, the total number of Ordinary Shares in issue will be 147,408,440 with the Company holding no Ordinary Shares in treasury. Therefore, the total number of voting rights will also be 147,408,440. 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 FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used in this announcement and not separately defined shall have the same meanings as defined in the Company's announcement dated 18 December 2024.

Corporate Finance Neil McDonald Seamus Fricker Adam Rae ECM/Sales Louise Talbot Graham Hall ​

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 Offer Shares have been subject to a product approval process, which has determined that the Retail Offer Shares are: (i) compatible with an end target market 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 "UK Target Market Assessment"). Notwithstanding the UK Target Market Assessment, distributors should note that: the price of the Retail Offer Shares may decline and investors could lose all or part of their investment; the Retail Offer Shares offer no guaranteed income and no capital protection; and an investment in the Retail Offer 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 UK Target Market Assessment is without prejudice to any contractual, legal or regulatory selling restrictions in relation to the Retail Offer.

For the avoidance of doubt, the UK Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of Chapters 9A or 10A respectively of COBS; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Retail Offer Shares. Each distributor is responsible for undertaking its own target market assessment in respect of the Retail Offer Shares and determining appropriate distribution channels.

EU Product Governance Requirements