Result of WRAP Retail Offer

Sareum Holdings plc is pleased to announce the outcome of the offer made by the Company to retail investors via the Winterflood Retail Access Platform ("WRAP"), which has now closed (the "WRAP Retail Offer").

The Company is pleased to confirm that it has raised gross proceeds of approximately £1.12m at a price of 10 pence per new Ordinary Share via the WRAP Retail Offer, and accordingly will issue 11,189,733 new Ordinary Shares ("WRAP Retail Shares").

The net proceeds of the WRAP Retail Offer, together with the conditional Placing and Subscription of up to £1.2m announced on 28 March 2024, will be used for further advancement of the Company's clinical and pre-clinical projects, potentially including further pre-clinical studies on SDC-1802.

Of the £1.12m raised from the WRAP Retail Offer, £10,000 is from a director of the Company (as previously committed in the announcement on 28 March) and £50,000 is additional interest from an institutional investor on the placing book, which WRAP has agreed to settle.

Completion of the WRAP Retail Offer is conditional, inter alia, upon the completion of the Placing and admission of the WRAP Retail Shares to trading on AIM ("Admission"). It is anticipated that Admission will become effective and that dealings in the WRAP Retail Shares will commence on AIM, at 8:00 a.m. on 5 April 2024.

Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the announcements made by the Company at 07:00 a.m. on 28 March 2024.

Further information on the Company can be found on its website at https://sareum.com/.

The Company's LEI is 213800PKERN2DY8FFM72.