NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

For immediate release

25 January 2024

Cykel AI PLC

("Cykel" or the "Company")

Rule 2.9 Announcement - Supplement

Further to the announcement made on 19 January 2024, in accordance with Rule 2.9 of the City Code on Takeovers and Mergers (the "Code"), the Company confirms that, in addition to its 205,183,350 ordinary shares of 0.1 pence each in issue in the Company, as at the date and time of this announcement, there are warrants to subscribe for 59,385,170 ordinary shares of 0.1 pence each in the Company as follows: (i) 48,000,000 warrants are exercisable at 1 pence per share until 25 October 2026; and (ii) 11,385,170 warrants are exercisable at 3 pence per share until 25 October 2028.

The ISIN reference number for the ordinary shares in the Company is GB00BPTJZN05.

The individual responsible for releasing this announcement is Nicholas Lyth.

Enquiries:

LEI Number: 9845003CB9FEA73A3E09