Warrant Exercise

Ondo InsurTech Plc (LSE: ONDO), the claims prevention technology company for home insurers, announces that the warrants issued to investors at the time of the Company's listing in July 2021 (the "Investor Warrants") have now expired. A total of 7,880,000 Investor Warrants were issued with an exercise price of 20 pence per share.

A total of 7,135,000 Investor Warrants have been exercised and the balance of 745,000 have now lapsed. The proceeds received from the exercise of the Investor Warrants will be applied to the partial pay down of the of the HomeServe Assistance Limited Loan Notes and the balance applied to the Company's working capital

The new ordinary shares issued upon exercise of the Investor Warrants have been or will be issued, allotted and admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange under the Company's block listing authority following which the Company's issued share capital will comprise of 134,354,292 ordinary shares of 5 pence each. The Company holds no shares in treasury.