Intention to Migrate Listing to the Main Market

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KR1 plc (the "Company")

Intention to Migrate Listing to the Main Market of the London Stock Exchange

KR1 plc (KR1: AQSE), a leading digital asset company, is pleased to announce its intention to migrate its listing and seek admission of its ordinary shares to the Equity Shares (Commercial Companies) category of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange (together the "Intended Migration").

The Intended Migration, as detailed in this announcement, is subject to the approval by the FCA of a prospectus (the "Prospectus") which is expected to occur shortly. A circular is also expected to be to be sent to shareholders seeking the approval at a convened shareholder meeting of certain resolutions in connection with the Intended Migration and a proposed placing programme to issue new ordinary shares to, in time, expand the Company's existing staking operations in line with its business strategy (the "Placing Programme").

Strategy

The Company's strategy is to expand its existing staking operations through compounding the digital assets it generates, acquiring additional staking assets, investing in companies and assets in the digital asset sector and potentially entering into relevant partnerships or joint ventures.

Intended Migration Highlights

• The Company's ordinary shares would be admitted to the Equity Shares (Commercial Companies) category of the FCA's Official List and to trading on the Main Market of the London Stock Exchange.
• The Company is proposing to establish a placing programme to issue new ordinary shares to, in time, expand the Company's existing staking operations in line with its business strategy
• Additional details in relation to the Intended Migration and Placing Programme will be disclosed in the Prospectus.
• The Company has engaged Singer Capital Markets as Financial Adviser, Sponsor and Broker in relation to the Intended Migration and the Placing Programme.

Reasons for the Intended Migration

It is the Board of Directors' belief that the Intended Migration will provide greater visibility, increase access to institutional investors to broaden its investor base, and support the Company's long-term strategy to deliver sustainable shareholder value while aligning the Company with the highest standards of corporate governance and transparency, ultimately resulting in a natural progression of the Company's development and its business model, financial strength, and its available growth opportunities.

Today's announcement of the Intended Migration marks the culmination of a multi-year process driven by the Board of Directors and the Company's advisors, which began with the appointment of Rhys Davies as the Company's Chairman more than four years ago.

Throughout this process, the Company strengthened and matured its business through the appointment of further Non-Executive Directors, the appointment of PKF Littlejohn LLP as the Company's auditor, the introduction of transparent monthly reporting, expanded the team, enhanced corporate governance and actively engaged in public policy discussions around the asset class.

George McDonaugh and Keld van Schreven, Managing Directors and Co-Founders of KR1 plc, commented: "This marks a significant milestone in KR1 plc's journey and strengthens the Company's well-established position in London. As decentralised networks are starting to form a growing role in parts of the global financial system, KR1 plc bridges London's capital markets with the expanding and maturing digital asset economy."

The Directors of KR1 plc accept responsibility for this announcement.