AGM Statement

At the Annual General Meeting of Judges Scientific plc, to be held at 12:00 noon today at The Lansdowne Club, 9 Fitzmaurice Place, London W1J 5JD, Alex Hambro, Chairman of the Group, will make the following statement:

"At the time of our Final Results, we stated that we were still envisaging another coring expedition during the course of 2024, however, Geotek had not contracted for this expedition and there was uncertainty regarding its timing and the amount of any related revenue to be recognised in 2024. We can confirm that the next Geotek contract is now in negotiation, and specifies an expedition starting at the very end of 2024, implying no recognisable revenue in the current financial year.

"Trading in the first four months of the year has been subdued relative to strong prior year comparatives. However, H2 looks more promising which would result in a performance that is second half weighted and lead to a full year result in line with market expectations*."

* Current consensus market expectations for the year ended 31 December 2024 are Adjusted profit before tax of £34.0m and Adjusted basic earnings per share of 384.6p.