Board Change and Issue of Options

MedPal AI plc (AIM: MPAL; FRA: Z1N), the AI-native digital health and pharmacy group, announces the appointment of Harvey Sinclair as an independent Non-executive Director with effect from 8 September 2026, and the issue of options to Jason Drummond, Founder and Chief Executive Officer.

Appointment of Harvey Sinclair

Harvey Sinclair has over 25 years' experience as a Chairman, Chief Executive Officer and Non-executive Director of public and private companies, including extensive experience within AIM-quoted businesses. He has spent more than a decade building and scaling digitally enabled consumer businesses, online marketplaces and direct-to-consumer models. His broader experience includes corporate strategy, acquisitions, capital raising and driving growth through periods of significant transformation. Harvey is the former Chief Executive Officer of AIM-quoted eEnergy Group plc and currently serves as Non-executive Chairman of NeoTerra Group plc and Chairman of private equity-backed Ortus Energy Holdings Limited.

Harvey will join the Company's Audit Committee and will be appointed as chair of the Remuneration Committee.

Jason Drummond, Founder and Chief Executive Officer of MedPal, commented:

"Harvey has built and scaled direct-to-consumer businesses and run an AIM company through exactly the kind of growth we are now seeing at MedPal. With more than 16,000 New Health customers acquired in three months and the Group's revenue reaching an annualised level of around £28 million, this is the right moment to strengthen the Board, and I am delighted to welcome him."

Harvey Sinclair commented:

"MedPal has gone from zero to a £28 million annualised revenue run rate in ten months by combining fair prices and its own technology. That is a rare combination in consumer healthcare. I look forward to working with Jason and the Board as the Group scales."

Issue of Options

Since the Company's admission to AIM on 26 August 2025 the Group has generated more than £5m in turnover, completed two acquisitions, entered into direct supply agreements with Novo Nordisk and Eli Lilly, launched New Health, Juno and the MedPal Health OS, secured a secondary listing in Frankfurt and raised more than £10m.

The remuneration committee of the Company has accordingly approved the grant of options over 40,000,000 Ordinary Shares (the "Options"), representing approximately 5 per cent. Of the Company's issued share capital, to Jason Drummond under the MedPal AI plc Long Term Incentive Plan (the "LTIP").

The shares under option at the time of the Company's admission to trading on AIM represented approximately 9.8 per cent of the issued share capital of the Company. As a result of the lapsing of certain options and the increase in issued share capital, following this grant of options, the Company will have a total of approximately 74.3 million Ordinary Shares outstanding under the LTIP, representing approximately 9.5 per cent of the Company's issued share capital, which is within the 15 per cent limit set out in the rules of the LTIP. It is the intention of the Company to maintain the option pool at approximately the same level (10% of issued share capital of the Company) for the future incentivisation of directors and senior management.

The principal terms of the Options are:

• Exercise price of 4.0 pence per ordinary share, (based on the share price at the time the award was agreed in principle by the Company's remuneration committee in mid August 2026).
• The Options will vest in three tranches subject to share price performance such that 50 per cent., 25 per cent. and the final 25 per cent. of the Options vest if the five day volume weighted average share price (VWAP) exceeds 10 pence, 12.5 pence and 15 pence respectively.
• No Option may be exercised before the first anniversary of grant, and the Options may lapse if Mr Drummond ceases to be employed by the Group before that date, save in the circumstances provided for in the rules of the LTIP.
• The Options have a term of ten years from the date of grant, consistent with the options granted at the Company's admission to AIM.
• The Options are subject to malus and clawback provisions and to the rules of the LTIP.
• No Option may be exercised to the extent that the exercise would result in Mr Drummond and any person acting in concert with him being interested in 30 per cent or more of the voting rights of the Company, or would otherwise give rise to an obligation to make an offer under Rule 9 of the City Code on Takeovers and Mergers.

Additional information on Harvey Sinclair

The following information is disclosed pursuant to Rule 17 and Schedule 2 (g) of the AIM Rules for Companies in relation to Mr Sinclair, aged 54:

Smartech Energy Projects Limited

eEnergy Management Us Limited

eEnergy Management Holdings Limited

eEnergy Management Topco Limited

Equity Energies Limited

eEnergy Insights Limited

eEnergy Consultancy Limited

Energy Centric Limited

Zero Carbon Project Limited

eEnergy Services N.I. Limited

eEnergy Services RSL Limited

eEnergy Holdings Limited

eEnergy Services UK Limited

eEnergy Group PLC

Mr Sinclair was appointed as a director of Energy Works Investment plc on 9 August 2013 and of Energy Works Advisory Limited on 22 September 2006. An administrator was appointed to each of these companies on 13 March 2018 and they were both dissolved on 24 January 2019.

Mr Sinclair was appointed as a director of Koodos Limited on 26 October 2009. A voluntary liquidator was appointed to the company on 9 November 2010 and it was dissolved on 31 October 2012.

Mr Sinclair was appointed as a director of E-Trader Group Limited on 28 November 2008 and of Energy Works Advisory Limited on 22 September 2006. A liquidator was appointed to the company by a secured creditor 21 January 2013 and it was dissolved on 10 December 2014.

Mr Sinclair was appointed as a director of Island Leisure (Bars) Limited on 5 August 2008. A voluntary liquidator was appointed to the company on 14 June 2013 and it was dissolved on 27 August 2015.

Mr Sinclair holds 198,648 Ordinary Shares in the Company, representing 0.03 per cent. of the Company's issued share capital.

There is no further information to be disclosed pursuant to Rule 17 and Schedule 2 (g) of the AIM Rules for Companies.

The Directors of the Company are responsible for the contents of this announcement.

PDMR notification

• Details of the person discharging managerial responsibilities / person closely associated

Following the grant, Mr Drummond will hold options over 60,154,166 ordinary shares in total (including the 20,154,166 options granted at IPO, exercisable at 4.0 pence) and 170,000,000 ordinary shares, representing approximately 21.8 per cent of the issued share capital.