Retail offer to raise up to £1.8 million

Kropz plc (AIM: KRPZ) is pleased to announce an offer to its existing retail investors via REX (the "REX Retail Offer") of up to approximately £1.8 million of new ordinary shares ("Ordinary Shares") of 0.1 pence each in the capital of the Company (the "REX Retail Offer Shares").

In addition to the REX Retail Offer, the Company is conducting a conditional subscription (the "Subscription") of new Ordinary Shares (the "Subscription Shares", together with the REX Retail Offer Shares, the "New Ordinary Shares") to raise in aggregate approximately £8.9 million (before expenses) at a price of 1.387 pence per New Ordinary Share (the "Issue Price") (the "Fundraising"). The price of the REX Retail Offer Shares is equal to the Issue Price.

A separate announcement has been made earlier today regarding the Subscription and its terms ("Launch Announcement"). For the avoidance of doubt, the REX Retail Offer is not part of the Subscription. Terms defined in the Launch Announcement shall have the same meaning in this announcement unless the context otherwise requires.

Completion of the REX Retail Offer is conditional upon, inter alia, (i) the passing of the Resolutions at a general meeting of the Company, proposed to be held at 12.30 p.m. on 20 September 2024; (ii) the receipt of the Exchange Control Approval; and (iii) the admission of the REX Retail Offer Shares and Subscription Shares to trading on AIM.

Admission of the REX Retail Offer Shares and Subscription Shares is expected to take place at 8.00 a.m. on 27 September 2024.

REX Retail Offer

The Company values its retail shareholder base and believes that it is appropriate to provide its existing retail shareholders in the United Kingdom the opportunity to participate in the REX Retail Offer via participating financial intermediaries.

Therefore, the Company is making the REX Retail Offer open to eligible investors in the United Kingdom following release of this announcement through the REX platform.

The REX Retail Offer is expected to close at 4.30 p.m. on 9 September 2024. Eligible shareholders should note that financial intermediaries may have earlier closing times. The Company may, in its absolute discretion, extend the closing time and/or date of the REX Retail Offer.

At the time of this announcement the following intermediaries have confirmed their participation in the REX Retail Offer:

• AJ Bell
• Hargreaves Lansdown
• interactive investor.

Other retail brokers or wealth managers wishing to participate in the REX Retail Offer on behalf of existing retail shareholders, should contact info@rexretail.com.

To be eligible to participate in the REX Retail Offer, applicants must be a customer of a participating intermediary and, as at the date hereof, must be a shareholder in the Company.

Eligible investors wishing to subscribe for REX Retail Offer Shares should contact their broker or wealth manager who will confirm if they are participating in the REX Retail Offer.

There is a minimum subscription of £50 per investor. 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 or all orders under the REX Retail Offer at its discretion. The Company reserves the right to reject any application for subscription under the REX Retail Offer without giving any reason for such rejection.

It is a term of the REX Retail Offer that the total value of the REX Retail Offer Shares available for subscription at the Issue Price does not exceed £1.8 million.

The Company's LEI is 2138005Y467BCQ3QOT77.