PrimaryBid Offer

• The Issue Price for the new Ordinary Shares is 3.5 pence per new Ordinary Share, representing a premium of 67 per cent to the closing mid-market price of the Company's existing Ordinary Shares on 21 March 2024;
• The PrimaryBid Offer is available to both existing shareholders and new investors;
• The new Ordinary Shares to be issued pursuant to the PrimaryBid Offer and the Subscription will be sold at the Issue Price;
• There is a minimum subscription of £250 per investor in the PrimaryBid Offer;
• No commission will be charged by PrimaryBid on applications to the PrimaryBid Offer.

PrimaryBid Offer

Symphony Environmental Technologies plc (AIM: SYM), is pleased to announce, a conditional offer for subscription of new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") via PrimaryBid (the "PrimaryBid Offer") at an issue price of 3.5 pence per new Ordinary Share (the "Issue Price"), being a premium of 67 per cent to the closing mid-market price of the Company's existing Ordinary Shares on 21 March 2024.

The Company announced earlier today that it has successfully raised gross proceeds of approximately £1.4 million (before expenses) by way of a Subscription of 39,071,400 New Ordinary Shares (the "Subscription").

The PrimaryBid Offer is conditional on the approval by the shareholders of the Company at a General Meeting to be held at 11.00 a.m. on 19 April 2024 at the offices of the Company. The PrimaryBid Offer is further conditional on the new Ordinary Shares to be issued pursuant to the PrimaryBid Offer and the Subscription being admitted to trading on AIM ("Admission"). Admission is expected to take place at 8.00 a.m. on 22 April 2024.

The Company will use the funds raised to strengthen the Group's current balance sheet and provide working capital to fund its scale up.

Reason for the PrimaryBid Offer

The Company values its retail investor base and is therefore pleased to provide retail investors with the opportunity to participate in the PrimaryBid Offer.

Some distribution partners may only accept applications from existing shareholders and/or existing customers.

The PrimaryBid Offer will open to investors resident and physically located in the United Kingdom following the release of this Announcement. The PrimaryBid Offer is expected to close at 12 p.m. on 28 March 2024 and may close early if it is oversubscribed.

There is a minimum subscription amount of £250 per investor in the PrimaryBid Offer.

The new Ordinary Shares to be issued pursuant to the PrimaryBid Offer will be issued free of all liens, charges and encumbrances and will, when issued and fully paid, rank pari passu in all respects with the new Ordinary Shares to be issued pursuant to the Subscription and the Company's existing Ordinary Shares.