Further Investment - Replacement

The following amendments have been made to the 'Further Investment in Fresho Pty Ltd' announcement released on 20 September 2024 at 7:00 a.m. under RNS No. 9657E.

The original RNS stated that the Company had acquired 1,254,469 Ordinary Shares in Fresho. This has been corrected to 1,254,469 Preference Shares.

The line 'The Preference Shares have similar rights as those attached to the Ordinary Shares' has been added to the body of the announcement.

Additionally, the text has been amended from 'Primorus now holds 5,500,000 shares in Fresho' to 'Primorus now holds 4,245,531 Ordinary Shares and 1,254,469 Preference Shares in Fresho'.

All other details remain unchanged.

The full amended text is shown below.

Primorus Investments plc

("Primorus" or the "Company")

Further Investment in Fresho Pty Ltd

Primorus Investments plc (AIM: PRIM) is pleased to announce that the Company has acquired an additional 1,254,469 Preference Shares in Fresho Pty Ltd ("Fresho") at a price of AUD$1.15 per Preference Share for total consideration of AUD$1,443,000 (approximately £740,000) using its existing cash resources.

The Preference Shares have similar rights as those attached to the Ordinary Shares.

Following this investment, Primorus now holds 4,245,531 Ordinary Shares and 1,254,469 Preference Shares in Fresho, representing approximately 5.01% of Fresho's issued share capital on a fully diluted basis.

In the year ended 30 June 2023, Fresho had turnover of AUD$4.0 million and made a loss of AUD$4.5 million.