Suspension of Listing and Proposed Fundraising

Suspension of Listing

and

Proposed Fundraising

FY25 Results and Suspension of Listing

Further to its announcement of 28 April 2026, the Company announces that as of 7:30am today, its securities of ordinary shares of £0.01 each have been temporarily suspended from listing in the Equity Shares (Shell Companies) Category of the Official List of the FCA and trading on the Main Market of the London Stock Exchange.

The Company expects to publish its FY25 Results by the end of June and will make a further application to the FCA to lift the suspension on trading in its securities once the FY25 Results have been published.

The defined terms in the announcement of 28 April 2026 shall have the same meanings when used in this announcement.

Proposed Fundraising

The Company is pleased to announce it has entered into non-binding, conditional heads of terms for the proposed subscription by certain investors for a minimum of £500,000 in aggregate principal value for the issue of convertible loan notes by the Company terms to be agreed. The subscription is subject to, amongst other things, satisfactory KYC and AML being provided by the proposed investors. The Company anticipates completion of the subscription by 11 May 2026 and will accordingly update the market in due course.