Increase of Retail Offer

Quadrise Plc (AIM:QED), the supplier of innovative energy solutions for a cleaner planet, is pleased to announce that, further to the announcement made on 24 January 2025 regarding the proposed Retail Offer (the "Retail Offer Announcement"), the Retail Offer is significantly oversubscribed and therefore the Company is increasing the number of Retail Offer Shares made available at the Issue Price to 66,666,666 which if fully subscribed would raise gross proceeds of up to £2 million, being the maximum aggregate total for the Retail Offer under the terms of the Retail Offer.

A separate announcement was released by the Company on 24 January 2025 which sets out the terms of the Retail Offer. 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 AIM operated by 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 and the Company agree (being in any event no later than 8.00 a.m. on 28 February 2025).

Unless otherwise defined herein, capitalised terms used in this announcement have the meanings given to them in the Retail Offer Announcement.

The ISIN number of the Retail Offer Shares is GB00B11DDB67. The TIDM is QED.

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