NSCI Netscientific Plc

For release on RNS: 07.00, 5 February 2024

NetScientific plc

("NetScientific" or the "Company")

Exercise of Options and Issue of Shares

NetScientific Plc (AIM: NSCI), the deep tech and life sciences VC investment group, announces the exercise by John Clarkson (former NetScientific Chair) of options over 254,977 ordinary shares in the capital of NetScientific Plc ("Ordinary Shares") for an aggregate exercise price of £116,014.54 and the subscription for 116,548 new Ordinary Shares by John Clarkson and two other service providers to the Company.

In addition to this options exercise, the following new Ordinary Shares have been issued:

·    John Clarkson has subscribed for 4,728 new Ordinary Shares at a price of £0.626 per share, such price being determined by reference to the average of the closing market quotations for Ordinary Shares over the five dealing days prior to 2 February 2024 (Issue Price). Such shares have been issued in settlement of monies due to John Clarkson as settlement of fees due to him in connection with services provided by him to the NetScientific group;

·    EcoMachines Ventures Limited has subscribed for 95,846 new Ordinary Shares at the Issue Price. Such shares have been issued in settlement of monies due to that company in connection with an agreement relating to the EMV Capital Evergreen EIS Fund; and

·    MJG 1968 Consulting Limited has subscribed for 15,974 new Ordinary Shares at the Issue Price. Such shares have been issued in settlement of monies due to that company in connection with advisory services provided by it to the NetScientific group.

Application will be made for 371,525 new Ordinary Shares, which will rank pari passu with existing Ordinary Shares, to be admitted to AIM ("Admission"). It is expected that Admission will become effective and dealings will commence at 8.00 a.m. on or around 8 February 2024.

Following Admission, the total issued share capital of the Company will consist of 23,945,828 Ordinary Shares ("Enlarged Issued Share Capital"). The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company will be 23,945,828 Ordinary Shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The person responsible for arranging the release of this announcement on behalf of the Company is Edward Hooper, General Counsel and Executive Director of the Company.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

-Ends-

NetScientific

About NetScientific

NetScientific plc (AIM: NSCI) is a deep tech and life sciences VC investment group with an international portfolio of innovative companies.

NetScientific identifies, invests in, and builds high growth companies in the UK and internationally. The company adds value through the proactive management of its portfolio, progressing to key value inflection points, and delivering investment returns through partial or full liquidity events.

NetScientific differentiates itself by employing a capital-efficient investment approach, making judicial use of its balance sheet and syndicating investments through its wholly owned VC subsidiary, EMV Capital. The group secures a mixture of direct equity stakes and carried interest stakes in its portfolio of companies, creating a lean structure that can support a large portfolio.

NetScientific is headquartered in London, United Kingdom, and is admitted to trading on AIM, a market operated by the London Stock Exchange.

www.netscientific.net