Exercise Warrants Options and Total Voting Rights

MicroSalt plc, a company commercialising a patented technology to produce full-flavour, low-sodium salt for food manufacturers and consumers, announces that 3,453,500 ordinary shares of £0.001625 each ("Ordinary Shares") have been allotted to certain shareholders to satisfy the exercise of warrants and options in the Company.

Exercise of Warrants

Further to the announcement dated 24 May 2024, the Company has exercised its right under the warrant instrument dated 26 January 2024 to call outstanding warrants over 7,313,976 Ordinary Shares ("Warrants"), pursuant to which, 3,153,500 Warrants have been exercised by warrant holders. The Warrants are exercisable at a price of 47.3 pence per Ordinary Share. Further details of the Warrants are contained in the Company's Admission Document, available on the Company's website www.microsalt.co.

Exercise of Options

Options over a total of 300,000 Ordinary Shares have been exercised under the Group's 2022 share option plan (the "Plan"). Pursuant to the terms of the Plan, the exercise price of each Option is US$0.25.

Application has been made to the London Stock Exchange for the admission of 3,453,500 new Ordinary Shares. It is expected that admission will become effective on or around 14 June 2024 ("Admission").

Total Voting Rights

Following Admission, the total number of ordinary shares and voting rights in the Company will be 46,670,654. The Company does not hold any shares in treasury.