Response to Share Price Movement

MicroSalt plc (AIM: SALT), a leading provider of full-flavour, natural salt with approximately 50% less sodium, notes the significant increase in its share price on 17 October 2024 and confirms there is no trading or operational update, further to the statements made in its maiden interim results announcement on 27 September 2024, which are repeated below:

• Bulk B2B business - MicroSalt has advanced its negotiations with major food manufacturers, with volume commitments of approximately 92mT received in Q3, and further progress expected in Q4 from companies in Mexico, the UK and the US
• Ingredients Online is a B2B e-commerce marketplace for bulk and wholesale ingredients. MicroSalt bulk will be sold direct to the customer from the Ingredients Online warehouses in New Jesey and California by the end of October
• B2C placement of shakers and SaltMe! low sodium crisps across approximately 600 new US stores in Q3, with retailers including Winn Dixie, Fresh Thyme, Sedano, Northwest Grocer, Cub Foods and Central Market stores. Approximately 1,200 US stores now retail MicroSalt products
• Strong pipeline with significant volume customer prospects at advanced stages with a range of national and multi-national companies with scope for MicroSalt to be nominated as a supplier on larger product lines once established with these key customers.

The Company also notes comments made in a recent UK Investor Magazine podcast, during which the interviewee indicated a hope for "blockbuster B2B and retail distribution agreements in the coming months."

MicroSalt wishes to emphasise these remarks were purely the opinion of the interviewee. The Company re-confirms the statements it provided in its interim results announcement and will make further updates as appropriate in due course.

Tim Thompson / Alison Allfrey / Anna Probert microsalt@flagstaffcomms.com