WRAP Retail Offer for up to £500,000

Inspiration Healthcare Group plc (AIM: IHC) ("Inspiration Healthcare" or the "Company"), the global medical technology company pioneering specialist neonatal intensive care medical devices, is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £500,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 3,571,428 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 14 pence per share ("Issue Price").

In addition to the WRAP Retail Offer and as announced at 7.00 a.m. on 26 June 2024, the Company is also proposing a placing (the "Placing") of new Ordinary Shares (the "Placing Shares") to raise approximately £2.4m (before expenses) through a bookbuild process at the Issue Price. The Issue Price represents a discount of approximately 42.9 per cent. to the mid-market closing price of 24.5 pence an Ordinary Share on 25 June 2024 (being the latest practicable date prior to this announcement). Alongside the Placing, certain of the Directors and senior management intend to participate by way of a direct subscription with the Company of new Ordinary Shares (the "Subscription" and together with the Placing, the "Fundraising"). It is intended that the Subscription will comprise approximately £75,000 in aggregate through the issue of 535,712 new Ordinary Shares (the "Subscription Shares") at the Issue Price.

The WRAP Retail Offer, and the Fundraising (together the "Capital Raising") and the issue of the WRAP Retail Offer Shares, the Placing Shares and the Subscription Shares (together "New Ordinary Shares") will raise an aggregate gross amount for the Company of up to £3.0m.

A separate announcement has been made regarding the Fundraising and its terms and sets out the reasons for the Fundraising and use of proceeds. The proceeds of the WRAP Retail Offer will be utilised in the same way as the proceeds of the Fundraising.

For the avoidance of doubt, the WRAP Retail Offer is not part of the Fundraising. Completion of the WRAP Retail Offer is conditional, inter alia, upon the completion of the Fundraising but completion of the Fundraising is not conditional on the completion of the WRAP Retail Offer.

The Capital Raising is conditional on the New Ordinary Shares being admitted to trading on the AIM ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM, at 8.00 a.m. on 23 July 2024.

WRAP Retail Offer

Therefore, the Company is making the WRAP Retail Offer open to eligible investors in the United Kingdom, being existing shareholders of Inspiration Healthcare, following release of this announcement and through certain financial intermediaries.

The WRAP Retail Offer is expected to close at 5.00 p.m. on 27 June 2024. Eligible shareholders should note that financial intermediaries may have earlier closing times.

To be eligible to participate in the WRAP Retail Offer, applicants must be a customer of a participating intermediary and, as at the date hereof or will be, prior to placing an order for WRAP Retail Offer Shares, shareholders in the Company which may include individuals aged 18 years or over, companies and other bodies corporate, partnerships, trusts, associations and other unincorporated organisations.

There is a minimum subscription of £100 per investor under the WRAP Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.

The Company reserves the right to scale back any order under the WRAP Retail Offer at its discretion. The Company reserves the right to reject any application for subscription under the WRAP Retail Offer without giving any reason for such rejection.

It is a term of the WRAP Retail Offer that the total value of the WRAP Retail Offer Shares available for subscription at the Issue Price does not exceed £500,000.

The Company's LEI is 213800GKFT3ENAPMDL15.