Retail Offer

Quadrise Plc (AIM:QED), the supplier of innovative energy solutions for a cleaner planet, is pleased to announce a retail offer via the BookBuild Platform to raise gross proceeds of up to £1 million (the "Retail Offer") through the issue of new ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares").

Under the Retail Offer up to 33,333,333 new Ordinary Shares (the "Retail Offer Shares") will be made available at a price of 3 pence per Retail Offer Share (the "Issue Price"), although, the amount to be raised pursuant to the Retail Offer may be appropriately increased with additional demand.

In addition to the Retail Offer, and as announced by the Company earlier today, the Company has conditionally raised gross proceeds of £4.53 million by way of an upsized and oversubscribed placing of £4.50 million and £0.03 million through a direct subscription by certain Directors of the Company (the "Placing" and the "Subscription") at the Issue Price.

A separate announcement was released by the Company on 23 January 2025 which sets out the terms of the Placing and the Subscription together with the reasons for the Placing and the Subscription and the use of proceeds. The net proceeds of the Retail Offer will be utilised for product and business development, equipment purchases and to strengthen the Company's balance sheet.

The new Ordinary Shares to be issued in the Retail Offer, together with the Placing Shares and the Subscription Shares will be issued and allotted under the Company's existing allotment and dis-application of pre-emption rights authorities obtained at the Company's last annual general meeting held on 22 November 2024.

The Retail Offer is not part of the Placing or the Subscription. Completion of the Retail Offer is conditional upon, inter alia, completion of the Placing and the Subscription and the Placing Shares, Subscription Shares and the Retail Offer Shares being admitted to trading on the AIM market ("AIM") operated by London Stock Exchange plc (the "London Stock Exchange"). Completion of the Placing and the Subscription is not conditional on the completion of the Retail Offer.

Application will be made to the London Stock Exchange for the Retail Offer Shares to be admitted to trading on AIM ("Second Admission"). It is anticipated that Second Admission will become effective and that dealings in the Retail Offer Shares will commence on AIM at 8.00 a.m. on 3 February 2025 or such later time and/or date as Shore, VSA, Cavendish (as defined below) and the Company agree (being in any event no later than 8.00 a.m. on 28 February 2025).

Expected timetable in relation to the Retail Offer

2025

The dates and times set out in the above timetable are indicative only and may be subject to change. Any changes to the expected timetable set out above will be notified by the Company through an announcement via a Regulatory Information Service (as defined in the AIM Rules for Companies published by the London Stock Exchange (as amended from time to time)). References to times are to London times unless otherwise stated.

Dealing Codes

Retail Offer

The Company is therefore making the Retail Offer available in the United Kingdom through the financial Intermediaries (as defined below) which will be listed, subject to certain access restrictions, on the following website https://www.bookbuild.live/deals/L7PW01/authorised-intermediaries .

Shore Capital Stockbrokers Limited ("Shore") will be acting as retail offer coordinator in relation to this Retail Offer (the "Retail Offer Coordinator").

The Retail Offer will be open to eligible investors in the United Kingdom at 7.05 am on 24 January 2025. The Retail Offer is expected to close at 4.30 pm on 30 January 2025. Investors should note that Intermediaries may have earlier closing times. The Retail Offer may close early if it is oversubscribed.

No offering document, prospectus or admission document has been or will be prepared or submitted to be approved by the Financial Conduct Authority ("FCA") (or any other authority) in relation to the Retail Offer, and investors' commitments will be made solely on the basis of the information contained in this announcement and information that has been published by or on behalf of the Company prior to the date of this announcement by notification to a Regulatory Information Service in accordance with the FCA's Disclosure Guidance and Transparency Rules and UK MAR.

There is a minimum subscription of £100 per investor under the terms of the Retail Offer which is open to investors in the United Kingdom subscribing via the Intermediaries which will be listed, subject to certain access restrictions, on the following website: https://www.bookbuild.live/deals/L7PW01/authorised-intermediaries .

UK Product Governance Requirements

Solely for the purposes of the product governance requirements of Chapter 3 of the FCA Handbook Product Intervention and Product Governance Sourcebook (the "UK MiFIR Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacture" (for the purposes of the UK MiFIR Product Governance Requirements) may otherwise have with respect thereto, the Retail Offer Shares have been subject to a product approval process, which has determined that the Retail Offer Shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in paragraphs 3.5 and 3.6 of the FCA's Conduct of Business Sourcebook ("COBS"); and (ii) eligible for distribution through all permitted distribution channels (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, distributors should note that: the price of the Retail Offer Shares may decline and investors could lose all or part of their investment; the Retail Offer Shares offer no guaranteed income and no capital protection; and an investment in the Retail Offer 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 Target Market Assessment is without prejudice to any contractual, legal or regulatory selling restrictions in relation to the Retail Offer.

EU Product Governance Requirements