Placing of £0.5 million (c.$0.6m)

Tekcapital Plc (AIM: TEK) the UK intellectual property investment group focused on creating valuable products that can improve people's lives, announces that an existing shareholder in the Company has subscribed for 5,128,205 new ordinary shares in the Company ("Placing Shares") at the closing mid-market price yesterday, being 9.75p per Placing Share.

Key Highlights:

• £0.5m (US$0.6m) before expenses was raised by means of the Placing.
• Funds raised will be used as additional working capital.

Admission and Total Voting Rights

Application will be made for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 22 January 2025.

Following the issue of the 5,128,205 Placing Shares, which, on Admission, will rank pari passu with the existing Ordinary Shares, the total number of Ordinary Shares in issue with voting rights in the Company will be 216,902,333. There are no shares held in treasury.

The above figure of 216,902,333 Ordinary Shares may therefore be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Clifford M. Gross Ph.D., Executive Chairman of Tekcapital plc commented:

"We are very grateful for the support of one of our existing shareholders who invested in a placing last year and who is keen to increase his investment in the Company. This is an exciting time for our Company, with three portfolio companies now trading on AIM, one trading on the NASDAQ, and as announced recently, our fifth portfolio company Guident planning a listing in the US."

Clifford M. Gross, Ph.D.

Tim Thompson/Andrea Seymour/Fergus Mellon