Warrants Outstanding

35,303,732 pre-IPO warrants

• exercise price 2.5p
• valid from 24 April 2026 (for 2 years)
• of the total number of pre-IPO warrants outstanding, 25,778,732 are held by Andrew Webley, Chief Executive Officer of the Company, and his spouse, with a further 1,450,000 warrants held by directors and employees of the Company
• therefore 8,075,600 of these pre-IPO warrants are held by external investors

9,680,640 placing warrants

• exercise price 150p
• valid from 09 October 2025 (for 3 years)