21 January 2025

CAP-XX Limited

("CAP-XX" or the "Company")

Issue of Shares and Director/PDMR Shareholding

Notification of transaction by persons discharging managerial responsibilities

Consistent with the Company's previous announcements regarding the issue of ordinary shares in lieu of certain directors' salaries, and in line with the Company's ongoing strategy to preserve its cash resources, CAP-XX announces that it has today issued 32,344,952 ordinary shares of no par value in the Company ("New Ordinary Shares"), in lieu of certain salaries for Mr Patrick Elliott, a director, and Mr Steen Feldskov, a former director. The New Ordinary Shares have been issued at a price of 0.2324 pence representing the daily volume weighted average share price of the Company's ordinary shares on AIM between 1 July 2024, being the date on which the directors' salaries were due for payment and 13 January 2025.

The New Ordinary Shares being issued have been allocated to the following director of CAP-XX:

In addition, 21,518,743 New Ordinary Shares have been allocated to Mr Steen Feldskov.

Application will be made for the New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 27 January 2025. Following Admission, the Company's issued share capital will consist of 5,775,571,289 ordinary shares of no par value. The above figure of 5,775,571,289 may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure Guidance and Transparency Rules.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the requirements of the EU Market Abuse Regulation (which forms part of Domestic UK Law pursuant to the European Union (Withdrawal) Act 2018) can be found below.

For further information contact:

CAP-XX Limited

Pat Elliott (Chairman)                                                                             +61 (2) 9157 0000

Lars Stegmann (Chief Executive Officer)

Allenby Capital (Nominated Adviser and Broker)

David Hart/Piers Shimwell (Corporate Finance)                                        +44 (0) 20 3328 5656

Jos Pinnington/Tony Quirke (Sales and Corporate Broking)

Notes to Editors:

CAP-XX (LSE: CPX) is a leader in the design and manufacture of thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices, and to an increasing extent, in larger applications such as automotive and renewable energy. The unique feature of CAP-XX supercapacitors is their very high-power density and high energy storage capacity in a space-efficient prismatic package. These attributes are essential in power-hungry consumer and industrial electronics and deliver similar benefits in automotive and other transportation applications.

For more information about CAP-XX, visit www.cap-xx.com