RetailBook Offer

• The Issue Price for the new Ordinary Shares is 0.4 pence per share per new Ordinary Share, representing a discount of 53 per cent to the closing mid-price of the Company's existing Ordinary Shares on 29 June 2026;
• The RetailBook Offer is available to existing shareholders of the Company only;
• There is a minimum subscription of £250 per investor in the RetailBook Offer;
• No commission will be charged by RetailBook on applications to the RetailBook Offer.

The RetailBook Offer

Huddled (AIM: HUD), the circular economy e-commerce group is pleased to announce a conditional retail offer of new ordinary shares in the capital of the Company ("Ordinary Shares") via RetailBook (the "RetailBook Offer") at an issue price of 0.4 pence per share per new Ordinary Share (the "Issue Price"), being a discount of 53 per cent to the closing mid-price of the Company's existing Ordinary Shares on 29 June 2026. The Company is also conducting a subscription of new Ordinary Shares to institutional investors via direct subscription into the Company (the "Subscription") as announced by the Company earlier today. For the avoidance of doubt, the RetailBook Offer is not part of the Subscription.

The RetailBook Offer is conditional on the approval of the shareholders of the Company at a general meeting of the Company with further details to be announced in due course and on the new Ordinary Shares to be issued pursuant to the RetailBook Offer and the Subscription being admitted to trading on AIM ("Admission"). Admission is expected to take place before the end of July 2026 Further details will be provided upon in due course.

The RetailBook Offer will not be completed without the Subscription also being completed.

The net proceeds will be deployed to:

• Broaden and deepen the Group's stock position - a wider, more varied surplus product range is proven to drive both conversion rates and Average Order Value (AOV);
• Accelerate marketing activity, including TV and radio campaigns, to acquire customers at volume - channels the Company has demonstrated strong capability in historically;
• Strengthen working capital, providing the runway and flexibility to scale with confidence.

Reason for the RetailBook Offer

The RetailBook Offer is open to eligible investors resident and physically located in the United Kingdom following release of this announcement. The RetailBook Offer is expected to close at 4 p.m. on 1 July 2026 and may close earlier at the discretion of the Company or if it is oversubscribed.

Eligibility for the RetailBook Offer

The RetailBook Offer is available to existing shareholders of the Company only. To be eligible to participate in the RetailBook Offer, applicants must be a customer of a participating partner and, as at the date hereof, must be a shareholder in the Company.

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

There is a minimum subscription of £250 per investor. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges. Note, no commission will be charged to investors by RetailBook in connection with the RetailBook Offer.

It is a term of the RetailBook Offer that the aggregate value of the shares available for subscription at the Issue Price does not, unless further allocations are agreed by the Company at its discretion, exceed £100,000.