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Craven House Capital plc

Investee company update: OneBas.Com Ltd.

Craven House Capital plc ("Craven House" or the "Company"), the AIM quoted investment company, provides the following update regarding its investee company OneBas.Com Ltd. ("OneBas"), following a review of the Company's investment portfolio in preparation of the publication of its Annual Report and Accounts for the year to May 2021.

The Board has today determined that, whilst there is the prospect of future value in the domain www.onebas.com, the lack of progress in delivering development and growth of this domain and the highly competitive sector in which it operates (the aggregation of freely available music content), the valuation of this investment should be fully impaired. This investment was previously valued at $1.6m.

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About Craven House Capital:

The Company's Investing Policy is primarily to invest in or acquire a portfolio of companies, partnerships, joint ventures, businesses or other assets participating in the e-Commerce sector.