Completion of £57m Fundraising

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, is pleased to announce that all conditions of the Fundraising set out in the Company's announcement of 1 May 2024 have now been met, and the Fundraising has therefore now completed, raising total gross proceeds of £57.38m for the Company.

Admission to trading on AIM and AQSE of the 6,011,983 Open Offer Shares, 121,739,130 Placing Shares, and 121,739,130 Subscription Shares (together the "Fundraising Shares") occurred at 8.00 a.m. this morning.

Following the issue of the Fundraising Shares, the issued ordinary share capital of the Company comprises 440,557,550 Ordinary Shares of €0.01 each with one vote per share. The above 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.

Other than where defined, capitalised terms in this announcement have the meanings given to them in the Announcement released by the Company at 4.44 p.m. (UK time) on 1 May 2024.