Admission to AIM and First Day of Dealings

Selkirk, an investing company established to acquire an undervalued company or business in the UK, is pleased to announce the admission of its ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") on the London Stock Exchange's AIM Market ("AIM") ("Admission").

Key Highlights:

• Fundraising raised gross proceeds of approximately £7.5 million.
• Based on the issue price of 2.4p, the market capitalisation of the Company will be approximately £10 million at Admission.
• Following Admission the Company will have 415,937,487 Ordinary Shares in issue.
• Dealings in the Ordinary Shares will commence at 8.00 a.m. today under the ticker "AIM:SELK".

Selkirk Strategy

Selkirk has been established with the primary objective of acquiring a company or business which the directors believe is undervalued and providing it with its own quotation or listing or acquiring an existing public company and providing a highly incentivised management team with strategic direction. Many of these target companies may currently operate as subsidiaries of larger organisations, and an independent stock market quotation or listing could help unlock material value to create shareholder value. The Company is focused on acquiring a business which is headquartered in the United Kingdom. The directors intend to raise equity and/or debt finance to fund the acquisition of a target company or business, as required, and focus on enhancing shareholder value over the long term.

The Company is primarily focused on the small and mid-cap category, specifically within the consumer, technology and digital media related sectors, including retail, software and digital sub-sectors. The directors believe this underappreciated segment offers ample opportunity to identify a suitable business, whether it is a privately held company, a subsidiary of a larger listed company or an existing public company. The Company intends to prioritise innovation and strategic agility as essential drivers for unlocking hidden value and realising the full potential of target acquisitions.

The Selkirk team have a proven track record in strategic investing and working closely with the management teams and have extensive experience in identifying, evaluating, and executing opportunities; both quoted and unquoted, and creating value for stakeholders. The directors believe that Selkirk is positioned to deliver private equity style returns on the public market, utilising AIM's flexible framework to capitalise on growth opportunities.

The Company intends to methodically identify and develop opportunities as quickly and prudently as possible. With the directors' and management's extensive network and experience, the Board is confident in its ability to identify and deliver a transaction within eighteen months.

It is anticipated that returns to Selkirk shareholders will be delivered through a combination of an appreciation in the Company's share price and, if appropriate, annual dividends paid out of retained earnings (following completion of the first acquisition) as well as return of cash to shareholders following any disposal of any assets.

The Company and its directors are not currently in discussions with any specific target company regarding an acquisition.

Zeus Capital Limited ("Zeus") is acting as Nominated Adviser and Sole Broker to the Company in relation to the Admission.

Iain McDonald, Executive Chair, Selkirk, said:

"We believe that some of the most promising and undervalued companies are hidden within UK-listed conglomerates and our goal is to unlock the potential of such businesses in the technology, consumer, or digital media sectors. We have assembled an experienced management team and board, which we plan to expand and deepen further when we identify a target.

"We are delighted to have completed our admission to AIM and I would like to thank and welcome our new and existing shareholders. We have chosen to IPO on AIM because, despite the prevailing negative narrative, AIM is still a very attractive market for small, fast-growing companies. We are confident in our ability to deliver on the opportunities ahead and I look forward to providing updates on our progress as our business develops."