Funding 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, announces the following update in respect of the US$5,150,000 on-demand convertible funding facility signed on 18 March 2025, and amended on 10 June 2025, with Nuburu Inc., a NYSE listed (NYSE American: BURU) high-tech company of which Alessandro Zamboni, a director of the Company, is Executive Chairman ("BURU") (the "Amended On-Demand Facility").

As set out in the announcement dated 11 June 2025, SYME was due to receive the next tranche under the Amended On-Demand Facility of US$300,000 on or before 23 June 2025, however as at the date of this announcement this amount has not been received. The amounts received by the Company from BURU under the Amended On-Demand Facility as at the date of this announcement total US$650,000.

The latest communication that the board of directors of SYME has had with BURU, via Alessandro Zamboni, is that BURU has made positive progress towards obtaining the necessary regulatory approvals including, inter alia, the effectiveness of the S-1 registration statement filed with the US Securities and Exchange Commission. Once these regulatory approvals are finalised, this will allowed BURU to commence its use of the Stand-by Purchase Agreement (the "SEPA") signed with YA II PN, LTD. (a fund managed by Yorkville Advisors) on 30 May 2025. BURU has indicated that it expects the overdue amount of US$300,000 will shortly be provided to the Company. Accordingly, the Company will issue a further update once this has been received, or as otherwise required.

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