21 January 2026

Ethtry PLC

("Ethtry" or the "Company")

Operating Strategy

Ethtry PLC (AQSE:ETHY), the UK-listed company which has implemented an Ethereum Treasury Policy supporting the development and operation of its commercial and investment activities across breakthrough technologies, today announces that it has adopted a refreshed operating strategy. The new operating strategy is set out below.

Ethtry PLC is an operational company listed on the Aquis Stock Exchange, with a strategic focus on acquiring, managing and developing assets within breakthrough technology sectors, while continuing to implement its Ethereum Treasury Policy. The Company's operational activities are concentrated on opportunities within quantum technologies, artificial intelligence, data centres, energy transition and energy storage infrastructure, as well as applications across the Web3 ecosystem.

In addition, the Board of Directors may consider entering into financial partnerships, provided that any such investments align with the core-investment thesis of breakthrough technologies.

The Board considers that this refreshed operating strategy provides a clear and coherent framework for the Company's future activities, aligns capital allocation with areas of technological innovation, and positions Ethtry to pursue sustainable growth opportunities as markets evolve.

Patrick Chopard, Chief Executive Officer of Ethtry PLC, commented:

"Our refreshed operating strategy reflects the natural development of Ethtry and aligns the Company's activities closely with our long-term vision. By focusing on breakthrough technologies alongside our Ethereum Treasury Policy, we believe we are well positioned to build a resilient and forward-looking business that can deliver sustainable value for shareholders."

The Directors of the Company accept responsibility for the contents of this announcement.

Enquiries

Important Notice - Ethereum Treasury Holdings and Risk Disclosure

Ethtry has adopted a Cryptoassets Treasury Policy outlining its intention, subject to market conditions, to allocate a portion of its future treasury reserves to Ethereum ("ETH") including L2, and stablecoins (USDC, USDT, etc.). This policy has been prepared to comply with the Aquis Cryptoassets Policy and relevant provisions of the Financial Services and Markets Act 2000 (FSMA).

The Company holds Cryptoassets and may continue to acquire these in the future as part of its treasury management strategy. The Company is not authorised or regulated by the Financial Conduct Authority ("FCA"), and investments in the Company's shares are not protected by the Financial Services Compensation Scheme ("FSCS") or the Financial Ombudsman Service ("FOS").

Shareholders should note that Ethereum including L2, and stablecoins (USDC, USDT, etc.) are a high-risk, volatile asset class. Risks include significant price fluctuations, custody and cyber-security vulnerabilities, liquidity and counterparty risks, regulatory uncertainty, and the absence of statutory investor protection. Cryptoassets are high-risk investments, and investors should be prepared to lose all the money they invest.

The Company's full Cryptoassets Risk Disclosure, prepared in accordance with the Aquis Cryptoassets Policy, has been published on its website and is available upon request from the Company.