Result of ABB

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (REGULATION 596/2014/EU) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF THE PLACING AND OTHER MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION AS PERMITTED BY UK MAR. THEREFORE, UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THOSE PERSONS WHO RECEIVED INSIDE INFORMATION IN A MARKET SOUNDING ARE NO LONGER IN POSSESSION OF INSIDE INFORMATION RELATING TO THE COMPANY AND ITS SECURITIES.

Ondo InsurTech plc

("Ondo" or the "Company")

Result of Placing & Subscription

to raise £2.28m

Launch of WRAP Retail Offer

Ondo InsurTech plc (LSE: ONDO), a leading company in claims prevention technology for home insurers, is pleased to announce that further to the Company's announcement released at 7.00 a.m. on Wednesday 3 December 2025 ("Launch Announcement") the Bookbuild has closed and the Company is pleased to has raised £2.28 million (before fees and expenses), in aggregate, via the placing of 6,100,000 Placing Shares to certain Institutional and other investors and a further 3,031,200 Subscription Shares by way of the Subscription to United Farm Family Mutual Insurance Company, which trades as Indiana Farm Bureau Insurance ("IFBI"). Both the Placing Shares and the Subscription Shares have issued at the Issue Price of 25p per share.

The Company has also today announced the terms of a retail offer to enable existing shareholders to subscribe through the Winterflood Retail Access platform ("WRAP") for up to an aggregate of 800,000 WRAP Offer Shares (the "Retail Offer"), also at the issue Price of 25p per share. The Placing, Subscription and WRAP Offer, if fully subscribed, will generate net proceeds of £2.23 million (the "Fundraise").

Highlights

• Ondo's US business continues to progress strongly where customers and recurring revenues have grown 7x year-on-year with ARR of $2.9m and Contracted ARR of $4.4m from US insurers. Proceeds of the Fundraise will be applied to expand the US Plumber coverage and to build infrastructure in response to the direct requests to accelerate the roll out of LeakBot across the United States from the core insurance clients
• The Company has also announced the development of LeakBot Edge - a variant of the LeakBot water leak detection technology designed for hot-climate external locations. With the additional resource provided by the Fundraise, LeakBot Edge is expected now expected to be completed over the next 12 -18 months
• Registered LeakBot customers were 187,000 at 30 September 2025. This figure is now circa 200,000 with the US customer base growing over 7x in the first half of FY26
• As previously stated, US growth will be sustainable following our prepayment model which enables us to grow without creating a working capital strain. However this growth can now be accelerated with the proceeds of the Fundraise to be invested in the infrastructure and LeakBot Edge
• Prospects in Europe, and particularly in the Nordic region, have been subdued, and the Company has therefore reallocated resources to focus on the faster growing US market until such time that the European customers are in a position to step up activity from the current relatively low levels.
• The Company maintains a strong pipeline of new contract opportunities which can now be accelerated with the additional investment through the Fundraise.

The Issue Price of 25 pence per share represented a discount of approximately 17.4 per cent. to the closing price of 30.25 pence per existing ordinary share of 5 pence each in the Company ("Ordinary Shares") on 2 December 2025, being the last business day prior to announcement of the Placing. The Placing Shares will represent approximately 6.89 per cent. of the Company's existing share capital.

WRAP Retail Offer

As announced in the Launch Announcement, the Company will also launch a Retail Offer allow existing Shareholders in the United Kingdom an opportunity to participate in the Fundraise. The Retail Offer will be undertaken via WRAP, to raise gross proceeds of up to £200,000 (before fees and expenses). The Retail Offer provides existing retail Shareholders with an opportunity to participate in the Fundraise at the same issue price as the Placing and Subscription.

A further announcement will be made shortly regarding the Retail Offer and detailing its terms.

Directors' participation

Certain Directors of the Company have undertaken to subscribe to the Placing as follows:

Craig Foster, Chief Executive Officer of Ondo, said:

"We are delighted to welcome Indiana Farm Bureau Insurance as a shareholder in Ondo. With their support and that of our other institutional shareholders that have participated in the placing we now have the resources to accelerate growth in the US market, including the launch of Leakbot Edge product."

Application for Admission

Applications will be made for the New Ordinary Shares to be admitted to listing in the 'Equity shares (transition)' listing category of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the main market for listed securities of London Stock Exchange plc (the "London Stock Exchange").

It is expected that admission of the Placing Shares and the Subscription Shares will become effective and dealings will commence at 8.00 a.m. on 8 December 2025. ("First Admission")

It is expected that admission of the WRAP Retail Offer Shares will become effective and dealings will commence at 8.00 a.m. on 11 December 2025. ("Second Admission")

Admission is conditional upon, among other things, Admission becoming effective and the Placing Agreement not being terminated in accordance with its terms.

The New Ordinary Shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the Company's then Existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid on or in respect of such shares after the date of issue.

Investor presentation

Craig Foster (CEO) and Kevin Withington (CFO) will also provide a live presentation of the interim results for retail investors via Investor Meet Company on Thursday 4 December 2025 at 11.00 am. The presentation is open to existing and potential new shareholders.

Investors can sign up to Investor Meet Company for free and add to meet Ondo via: https://www.investormeetcompany.com/ondo-insurtech-plc/register

Investors who already follow Ondo on the Investor Meet Company platform will automatically be invited.

Expected timetable of principal events

Information to Distributors

UK product governance

Solely for the purposes of Paragraph 3.2.7R regarding the responsibilities of UK Manufacturers under the product governance requirements contained within Chapter 3 of the FCA Handbook Production Intervention and Product Governance Sourcebook (the "UK Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the UK Product Governance Requirements) may otherwise have with respect thereto, the Placing Shares have been subject to a product approval process, which has determined that such securities are: (i) compatible with an end target market of investors who meet the criteria of investors who meet the criteria of professional clients and eligible counterparties, each as defined in the UK Product Governance Requirements; and (ii) eligible for distribution through all distribution channels as are permitted by UK Product Governance Requirements (the "UK Target Market Assessment"). Notwithstanding the UK Target Market Assessment, distributors (for the purposes of UK Product Governance Requirements) should note that: (a) the price of the Placing Shares may decline and investors could lose all or part of their investment; (b) the Placing Shares offer no guaranteed income and no capital protection; and (c) an investment in the Placing Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The UK Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Placing. Furthermore, it is noted that, notwithstanding the UK Target Market Assessment, Dowgate will only procure investors who meet the criteria of professional clients and eligible counterparties.