Extension of PUSU deadline

On 23 August 2024, Kondor AI plc (Kondor) and Ora Technology plc (Ora) jointly announced that they had entered into non-binding heads of terms for Kondor to acquire the entire issued and to be issued share capital of Ora, in consideration for the issue of new shares in Kondor based on 0.9988 Kondor shares for each share in Ora. Both Kondor and Ora are incorporated in England and Wales and listed on the Aquis Stock Exchange Growth Market (AQSE: KNDR / AQSE: ORA respectively).

In accordance with Rule 2.6(a) of the Code, by not later than 5.00 p.m. (London time) on 20 September 2024, Kondor was required to either announce a firm intention to make an offer, subject to conditions or pre-conditions if relevant, for Ora in accordance with Rule 2.7 of the Code or announce that Kondor does not intend to make an offer for Ora, in which case the announcement would be treated as a statement to which Rule 2.8 of the Code applies (Deadline).

Kondor and Ora today jointly announce that the Takeover Panel has consented to an extension to the Deadline until 5.00 p.m. (London time) on 18 October 2024. The Deadline may be further extended with the consent of the Panel, at Ora's request, in accordance with Rule 2.6(c) of the Code.

This announcement has been made with the consent of both Kondor and Ora.

Kondor LEI Number: 984500EF5CD7E658D446

Ora LEI Number: 894500PYLZIX23W4NG69

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