Fundraising of £1.25 Million

Tekcapital Plc (AIM: TEK) the UK intellectual property investment group focused on creating valuable products that can improve people's lives announces that it has raised a total of £1.25 million (c.US$1.7m) before expenses, in a fundraise (the "Fundraise") comprising of a placing ("Placing") from existing and new shareholders, by way of the issue of, in aggregate, 17,428,573 new ordinary shares of 0.4 pence each in the Company (the "Ordinary Shares"), at a price ("Placing Price") of 7 pence per share (the "Placing Shares"), together with subscriptions ("Subscription") by existing and new shareholders of, in aggregate, 428,571 new Ordinary Shares ("Subscription Shares") at the Placing Price.

The Placing was undertaken by the Company's broker SP Angel Corporate Finance LLP.

Key Highlights:

• £1.25m (US$1.7m) before expenses was raised by means of the Fundraise.

Funds raised will be deployed as follows:

• £500,000 will be utilised to enable Guident to rapidly expand its sales staff to onboard additional clients for its Remote Monitor and Control Centre and for costs related to the preparation of Guident's planned IPO in 2025; and
• the remainder of the funds raised will be used primarily to broaden the Company's GenAI-focused investments and for additional working capital.

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

"On the back of sterling financial performance in 2024, we are pleased to announce the completion of a follow-on raise, which will be allocated to assist Guident in onboarding additional sales support to help manage a large and growing pipeline of business opportunities and for additional working capital. We are actively assessing new GenAI investments, and the remaining proceeds from this fundraise will be allocated to broadening our exposure to the sector, should we identify suitable opportunities. We are bullish about our prospects and believe 2025 is shaping up to be a transformative year for the Company."

Admission and Total Voting Rights

Application will be made for the Placing Shares and the Subscription Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 5 June 2025.

Following the issue of the 17,428,573 Placing Shares and the 428,571 Subscription 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 234,759,477. There are no shares held in treasury.

The above figure of 234,759,477 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.

Tim Thompson/Andrea Seymour/Fergus Mellon