PDMR/PCA shareholding: stock loans update

SYME, the fintech business which provides an innovative fintech platform (the "Platform") for use by manufacturing and trading companies to access Inventory Monetisation© ("IM") solutions enabling their businesses to generate cashflow, provides the following update regarding the stock loans entered into by the AvantGarde Group SpA ("TAG") (an entity ultimately beneficially wholly-owned and controlled by Alessandro Zamboni, Chief Executive Officer of the Company).

As detailed in the Company's previous announcements of 29 July 2020 and 17 August 2022 (the "Stock Loans RNS's"), SYME was notified by 1AF2 Srl (now called TAG) that it transferred a number of SYME shares as loan security to three lending platforms ("Lenders") and that the loans with each of these Lenders had the following maturity dates:

• High West Capital Partners LLC (1,615,253,000 SYME shares transferred): 2 June 2023 (the "HWCP Loan");
• Stock Loan Solutions LLC (778,571,429 SYME shares transferred): 24 July 2023 (the "SLS Loan"); and
• Union Pacific Capital Ltd (3,500,000,000 SYME shares transferred): 9 June 2027.

With regards to the HWCP Loan and the SLS Loan, TAG has updated the Company that it has applied the loan repayment procedures set out in the contracts with the respective Lenders. TAG has also informed the Company that it has not yet received the required engagement from the Lenders of the HWCP Loan or the SLS Loan. As a result TAG is currently pursuing legal options to allow for the required loan repayments to be made by them and for the SYME shares that were transferred as loan security for the HWCP Loan and the SLS Loan to be transferred back to TAG.