19 December 2022

Falanx Cyber Security Limited

("Falanx" or the "Company")

Update on Share Reorganisation

 Total Voting Rights

Falanx Cyber Security Limited (AIM: FCS), the global cyber security provider, announces that dealings in the New Ordinary Shares, post the Share Reorganisation will commence at 8 a.m. on 20 December 2022.

All capitalised terms in this announcement are as defined in the Notice of AGM which, is available on the Company's website, falanxcyber.com

Share Reorganisation

Further to the announcement on 8 December 2022, the Company will be undertaking a consolidation of shares.

Under the Consolidation, 15 Ordinary Shares will be issued to ensure that as part of the Consolidation an exact whole number of New Ordinary Shares will be issued. At the Record Date, being 6 p.m. today, 19 December 2022, the 526,421,185 Existing Ordinary Shares will be consolidated into 5,264,212 New Ordinary Shares on the basis of one New Ordinary Share for every 100 Existing Ordinary Shares.

Application has been made for the 5,264,212 New Ordinary Shares to be admitted to trading on AIM. Dealings will commence at 8 a.m. on 20 December 2022. The New Ordinary Shares will trade under the ISIN: VGG3338A1158 and SEDOL: BQ74QK8.

Existing share certificates will cease to be valid following the Share Reorganisation. New share certificates in respect of the New Ordinary Shares will be issued by first class post at the risk of the Shareholder within 10 business days of Admission. CREST Shareholders are expected to have their CREST account credited with their New Ordinary Shares following Admission on 20 December 2022.

Total Voting Rights

In accordance with the provisions of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the Share Reorganisation, its issued share capital will comprise 5,264,212 new ordinary shares of no par value. All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company is therefore 5,264,212. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

 The timetable for the Share Reorganisation is as follows:

Admission  of Equity

The Company has become aware that 13,888 Ordinary Shares in the Company (equivalent to 138 New Ordinary Shares), which were issued pursuant to an exercise of warrants announced on 7 August 2014, have not been admitted to trading on AIM. Accordingly the Company has applied for these shares to be admitted with admission due to take place at 8.00 a.m. 20 December 2022, the total voting rights remains unchanged and has no implication on the share reorganisation noted above.

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