Retail Offer

IXICO plc ("IXICO" or the "Company") is pleased to announce a retail offer via the Bookbuild platform (the "Retail Offer") of up to 2,631,578 new ordinary shares ("Ordinary Shares") of 1 pence each in the capital of the Company (the "Retail Offer Shares") at an issue price of 9.5 pence per Retail Offer Share (the "Issue Price").

In addition to the Retail Offer, and as announced earlier today, the Company is also conducting a placing (the "Placing") and subscription (the "Subscription") and together with the Placing and the Retail Offer, the "Fundraising") of a minimum of 42,105,264 new Ordinary Shares at the Issue Price. The Placing and Subscription is expected to raise a minimum of £4.0 million (before expenses) at the Issue Price.

A separate announcement has been made regarding the Placing and Subscription and sets out the reasons for the Placing, Subscription, and the use of proceeds. The proceeds of the Retail Offer will be utilised in the same way as the proceeds of the Placing and Subscription. For the avoidance of doubt, the Retail Offer is not part of the Placing and Subscription.

The Issue Price represents a premium of approximately 5.6 per cent to the closing mid market share price of 9.00 pence per existing Ordinary Share on 7 October 2024 (being the last practicable date prior to the date of this announcement). The issue price of the Retail Offer Shares is the same as the Issue Price of the Placing and Subscription.

The Retail Offer is conditional on passing of the Resolutions at the general meeting of the Company expected to be held on 25 October 2024 (the "General Meeting") and the Retail Offer Shares being admitted to trading on the AIM market operated by the London Stock Exchange plc (the "London Stock Exchange") ("Admission"). Admission of the Retail Offer Shares is expected to take place on 28 October 2024. Completion of the Retail Offer is conditional, inter alia, upon the completion of the Placing and Subscription but completion of the Placing and Subscription are not conditional on the completion of the Retail Offer.

A circular, containing further details of the Fundraising and the notice of the General Meeting to be held at 11.00 a.m. on 25 October 2024 to, inter alia, approve the resolutions required to implement the Fundraising, is expected to be published and despatched to Shareholders on or around 9 October 2024 (the "Circular"). Following its publication, the Circular will be available on the Group's website at https://ixico.com/investors.

Expected Timetable in relation to the Retail Offer

Retail Offer

The Company values its retail shareholder base, which has supported the Company alongside institutional investors since IPO. Given the support of retail shareholders, the Company believes that it is appropriate to provide its retail shareholders in the United Kingdom the opportunity to participate in the Retail Offer. The Company is therefore making the Retail Offer available in the United Kingdom through the financial intermediaries which will be listed, subject to certain access restrictions, on the following website: https://www.bookbuild.live/deals/G7VEX1/authorised-intermediaries

The Retail Offer will be open to eligible investors in the United Kingdom at 8:00am on 9 October 2024. The Retail Offer is expected to close at 4:30pm on 14 October 2024. Investors should note that financial Intermediaries may have earlier closing times. The Retail Offer may close early if it is oversubscribed.

There is a minimum subscription of £100.00 per investor under the terms of the Retail Offer which is open to investors in the United Kingdom subscribing via the intermediaries which will be listed, subject to certain access restrictions, on the following website: https://www.bookbuild.live/deals/G7VEX1/authorised-intermediaries

The Company's LEI is 2138005M1F59O6HWSA97.

UK Product Governance Requirements

EU Product Governance Requirements