Result of Retail Offer

THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER REFERENCED HEREIN AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF QUADRISE PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY BY SUCH PERSONS.

Quadrise Plc

(the "Company" and together with its subsidiaries the "Group" or "Quadrise")

Result of Retail Offer

Quadrise Plc (AIM:QED), the manufacturer of lower cost, lower emission, replacement fuels and biofuels for shipping and heavy industry, announces that, further to the announcement made on 8 July 2026 regarding the proposed Retail Offer (the "Retail Offer Announcement"), the Retail Offer closed at 2.00 pm today.

Following the closing of the Retail Offer, 40,365,341 Retail Offer Shares will be issued at 1.0 pence per Retail Offer Share in connection with the Retail Offer, raising gross proceeds of approximately £0.4 million.

Accordingly, following the issue of the Placing Shares and Subscription Shares on 10 July 2026, a total of 120,000,000 new Ordinary Shares have been issued pursuant to the Placing and the Subscription, and a further 40,365,341 new Ordinary Shares will be conditionally issued pursuant to the Retail Offer, resulting in aggregate gross proceeds of approximately £1.6 million being raised for the Company.

Admission and dealings

Completion of the Retail Offer is conditional upon the Retail Offer Shares being admitted to trading on AIM operated by the London Stock Exchange.

The Placing Shares and the Subscription Shares were admitted to trading on AIM on 10 July 2026 ("First Admission"), and an application will be made 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 16 July 2026 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 10 August 2026).

The Retail Offer Shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.

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

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 "manufacturer" (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

For the avoidance of doubt, the EU Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase or take any other action whatsoever with respect to the Retail Offer Shares.