THIS ANNOUNCEMENT (THIS "ANNOUNCEMENT") AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY UK MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

14 April 2026

Finseta plc

("Finseta", the "Company" or the "Group")

Placing and Subscription to raise approximately £0.9 million

Proposed Retail Offer to raise up to £0.1 million

Finseta (AIM: FIN), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, announces that it has raised, in aggregate, approximately £0.9 million (before expenses) from certain new and existing investors by way of (i) a Placing (as defined below) to raise approximately £0.71 million; and (ii) a Subscription (as defined below) to raise approximately £0.15 million.

The Company will issue 8,400,280 new ordinary shares of one penny each in the share capital of the Company (the "Ordinary Shares") pursuant to the Placing at a price of 8.5 pence per new Ordinary Share (the "Issue Price"). In addition, the Company will issue 1,723,818 new Ordinary Shares at the Issue Price pursuant to the Subscription. As part of the Subscription, certain directors and persons discharging managerial responsibilities ("PDMRs") have indicated that they intend to subscribe for 1,129,701 new Ordinary Shares at the Issue Price.

The Company intends to raise up to a further £0.1 million (before expenses) by way of the Retail Offer (as defined below, and together with the Placing and Subscription, the "Fundraising").

Use of proceeds

The net proceeds of the Fundraising will be utilised by the Company to provide increased transaction capacity which will allow the Group to transact larger volume business-to-business transactions. The net proceeds will also be used to progress its application for regulatory permissions in Europe, where the Group already has infrastructure in place to support such expansion. This is expected to lead to incremental steady state revenue of approximately £2.8 million per annum by the end of the second-year post-approval.

Further details of the Fundraising

The Company has conditionally placed 8,400,280 new Ordinary Shares (the "Placing Shares") at the Issue Price to raise approximately £0.71 million (before expenses) (the "Placing").

The Company has conditionally raised a further £0.15 million (before expenses) by way of the issue of 1,723,818 new Ordinary Shares (the "Subscription Shares") at the Issue Price (the "Subscription"). Certain directors and PDMRs have indicated that they intend to participate in the Subscription by subscribing for 1,129,701 Subscription Shares at the Issue Price. Further details of director and PDMR participation in the Subscription are set out below.

The Issue Price represents a discount of approximately 15.0 per cent. to the closing mid-market price of 10.0 pence per existing Ordinary Share on 13 April 2026, being the latest practicable date prior to this Announcement.

In addition to the Placing, the Company is proposing to raise up to an additional £0.1 million (before expenses) by way of a retail offer to its existing shareholders of up to 1,176,470 new Ordinary Shares at the Issue Price (the "Retail Offer Shares" and, together with the Placing Shares and Subscription Shares, the "Fundraising Shares") via the Bookbuild Platform (the "Retail Offer"). A separate announcement will be made regarding the Retail Offer and its terms. For the avoidance of doubt, the Placing is separate from, and does not form part of, the Retail Offer.

The Fundraising Shares are being issued and allotted using the existing authorities granted at the annual general meeting of the Company held on 12 June 2025. In this respect, an application has been made for the Fundraising Shares to be admitted to trading ("Admission") on AIM, a market operated by the London Stock Exchange plc ("AIM") at 8:00 a.m. on or around 20 April 2026. The Fundraising Shares will rank pari passu with the existing Ordinary Shares. The Placing and Subscription are each conditional on, inter alia, Admission becoming effective and the placing agreement between the Company, Shore Capital and Allenby Capital (the "Placing Agreement") becoming unconditional with respect to Admission and not having been terminated.

The Fundraising Shares, assuming full take-up of the Retail Offer, will represent approximately 15.95 per cent. of the enlarged issued share capital following Admission.

Shore Capital Stockbrokers Limited ("Shore Capital") and Allenby Capital Limited ("Allenby Capital") acted as Joint Bookrunners in connection with the Placing. The Company also announces the appointment of Allenby Capital as joint broker to Finseta with immediate effect.

Current trading and outlook

Customer acquisition has continued to grow in the first part of 2026, positioning the Group to increase revenue conversion in the coming periods.

Similar to 2025, the Group has also seen a continuation of the trend of increased corporate customers versus high-net-worth individuals ("HNWIs") active customers as the Group's business focused product offering develops. While corporate clients have longer sales cycles, they typically transact more regularly, providing greater revenue recurrence.

The Group's investment in its Alternative Banking offering is showing promise and Finseta is now attracting clients within a number of different industries including Gaming, Marine and Aviation sectors.

In the Dubai operation, the start of 2026 has seen a significant like-for-like uplift compared with the corresponding months in 2025, assisted by the UAE regulatory approval in March 2025, the expansion of sales capability and the integrated banking solution. Whilst the Company expects some paused property transactions as a result of the current conflict in the Middle East, the majority of the Company's business, and the sales team's focus, is on more resilient business-to-business international payments flows that transact via Dubai. Consequently, the Board remains confident in the long-term prospects of this market.

Director and PDMR Subscriptions

The following directors and PDMRs have indicated that they intend to subscribe for Subscription Shares:

Confirmation of the participation of the above persons in the Subscription will be announced in due course.

James Hickman, CEO of the Company, commented:

"The proceeds of the fundraising will support the Group's continued growth, both by allowing us to continue to expand our international reach and regulatory permissions, and by providing capital for greater capacity to serve the needs of our corporate client base.

The Board continues to have strong levels of confidence in the Group's prospects, and the strategic progress and investments made during the last year position the Group to broaden its offering, accelerate sales growth and increase profitability in the medium term."

The person responsible for arranging the release of this Announcement on behalf of the Company is Andrew Richards, Chief Financial Officer of the Company.

Enquiries 

About Finseta plc

Finseta plc (AIM: FIN) is a foreign exchange and payments company offering multi-currency accounts and payment solutions to businesses and individuals. Headquartered in the City of London, Finseta combines a proprietary technology platform with a high level of personalised service to support clients with payments in over 165 countries in 150 currencies. With a track record of over 15 years, Finseta has the expertise, experience and expanding global partner network to be able to execute complex cross-border payments. It is fully regulated, through its wholly-owned subsidiaries, by the Financial Conduct Authority as an Electronic Money Institution; by the Financial Transactions and Reports Analysis Centre of Canada as a Money Services Business; and by the Dubai Financial Services Authority under a Category 3D licence. www.finseta.com

This Announcement should be read in its entirety. In particular, you should read and understand the information provided in the "Important Notices" section of this Announcement.

IMPORTANT NOTICES

MEMBERS OF THE PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE PLACING. THIS ANNOUNCEMENT IS DIRECTED ONLY AT PERSONS WHOSE ORDINARY ACTIVITIES INVOLVE THEM IN ACQUIRING, HOLDING, MANAGING AND DISPOSING OF INVESTMENTS (AS PRINCIPAL OR AGENT) FOR THE PURPOSES OF THEIR BUSINESS AND WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS AND ARE: (1) IF IN A MEMBER STATE OF THE EUROPEAN ECONOMIC AREA ("EEA"), QUALIFIED INVESTORS AS DEFINED IN ARTICLE 2(e) OF REGULATION (EU) 2017/1129 (THE "EU PROSPECTUS REGULATION"); (2) IF IN THE UNITED KINGDOM, QUALIFIED INVESTORS WITHIN THE MEANING OF PARAGRAPH 15 OF SCHEDULE 1 OF THE PUBLIC OFFERS AND ADMISSIONS TO TRADING REGULATIONS 2024 (THE "POATR") ("UK QUALIFIED INVESTORS"), AND PERSONS WHO ALSO; (A) FALL WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (THE "ORDER") (INVESTMENT PROFESSIONALS) OR (B) FALL WITHIN ARTICLE 49(2)(a) TO (d) (HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC.) OF THE ORDER; AND (3) OTHERWISE, PERSONS TO WHOM IT IS OTHERWISE LAWFUL TO COMMUNICATE IT TO (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS").

THIS ANNOUNCEMENT AND THE INFORMATION IN IT MUST NOT BE ACTED ON OR RELIED ON BY PERSONS WISHING TO PARTICIPATE IN THE PLACING AND THE SUBSCRIPTION WHO ARE NOT RELEVANT PERSONS. PARTICIPATION IN THE PLACING AND THE SUBSCRIPTION IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS. THIS ANNOUNCEMENT DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN FINSETA PLC.

ELIGIBILITY REQUIREMENTS RELATING TO PARTICIPATION IN THE RETAIL OFFER WILL BE SET OUT IN A SEPARATE ANNOUNCEMENT BY THE COMPANY.

PERSONS DISTRIBUTING THIS ANNOUNCEMENT MUST SATISFY THEMSELVES THAT IT IS LAWFUL TO DO SO. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW. ACCORDINGLY, NEITHER THIS DOCUMENT, NOR ANY OTHER MATERIAL RELATING TO FUNDRAISING OR OTHER TRANSACTIONS NOTED IN THIS DOCUMENT, MAY BE DISTRIBUTED OR PUBLISHED IN ANY JURISDICTION EXCEPT UNDER CIRCUMSTANCES THAT WILL RESULT IN COMPLIANCE WITH ANY APPLICABLE LAWS AND REGULATIONS. PERSONS OUTSIDE THE UNITED KINGDOM INTO WHOSE POSSESSION THIS DOCUMENT COMES SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTIONS.

THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR JURISDICTION OF THE UNITED STATES, AND MAY NOT BE OFFERED, SOLD OR TRANSFERRED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES" OR THE "US") EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN COMPLIANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES. THE FUNDRAISING SHARES ARE BEING OFFERED AND SOLD ONLY OUTSIDE OF THE UNITED STATES IN "OFFSHORE TRANSACTIONS" WITHIN THE MEANING OF, AND IN ACCORDANCE WITH, REGULATION S UNDER THE SECURITIES ACT AND OTHERWISE IN ACCORDANCE WITH APPLICABLE LAWS. NO PUBLIC OFFERING OF SECURITIES IS BEING MADE IN THE UNITED STATES OR ELSEWHERE.

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE OR SUBSCRIPTION INTO THE UNITED STATES.

The distribution of this Announcement and/or the Fundraising and/or issue of the Fundraising Shares in certain jurisdictions may be restricted by law. No action has been taken by the Company, Shore Capital (as defined below), Allenby Capital (as defined below) or any of their respective affiliates, agents, directors, officers, consultants, partners or employees ("Representatives") that would permit an offer of the Fundraising Shares or possession or distribution of this Announcement or any other offering or publicity material relating to such Fundraising Shares in any jurisdiction where action for that purpose is required. Persons into whose possession this Announcement comes are required by the Company, Shore Capital and Allenby Capital to inform themselves about and to observe any such restrictions.

This Announcement or any part of it is for information purposes only and does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in the United States, Australia, Canada, the Republic of South Africa or Japan or any other jurisdiction in which the same would be unlawful. No public offering of the Fundraising Shares is being made in any such jurisdiction.

All offers of the Fundraising Shares in the EEA will be made pursuant to an exemption from the requirement to produce a prospectus under the EU Prospectus Regulation. In the United Kingdom, this Announcement is being directed solely at persons in circumstances in which section 21(1) of the Financial Services and Markets Act 2000 (as amended) does not require the approval of the relevant communication by an authorised person. The Fundraising is excepted from the prohibition on offers to the public set out in Regulation 12 of the Public Offer and Admission to Trading Regulations 2024 (POATR") as the Fundraising Shares will, if issued, be admitted to trading on AIM (being a primary MTF within the meaning of Regulation 8 of POATR). No offering document, prospectus or admission document has been or will be prepared or submitted to be approved by the FCA (or any other authority, including the London Stock Exchange) in relation to the Fundraising.

The Fundraising Shares have not been approved or disapproved by the US Securities and Exchange Commission, any state securities commission or other regulatory authority in the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the Fundraising or the accuracy or adequacy of this Announcement. Any representation to the contrary is a criminal offence in the United States. The relevant clearances have not been, nor will they be, obtained from the securities commission of any province or territory of Canada, no prospectus has been lodged with, or registered by, the Australian Securities and Investments Commission or the Japanese Ministry of Finance; the relevant clearances have not been, and will not be, obtained from the South Africa Reserve Bank or any other applicable body in the Republic of South Africa in relation to the Fundraising Shares; and the Fundraising Shares have not been, nor will they be, registered under or offered in compliance with the securities laws of any state, province or territory of the United States, Australia, Canada, the Republic of South Africa or Japan. Accordingly, the Fundraising Shares may not (unless an exemption under the relevant securities laws is applicable) be offered, sold, resold or delivered, directly or indirectly, in or into the United States, Australia, Canada, the Republic of South Africa or Japan or any other jurisdiction outside the United Kingdom.

Persons (including, without limitation, nominees and trustees) who have a contractual right or other legal obligations to forward a copy of this Announcement should seek appropriate advice before taking any such action.

This Announcement may contain, or may be deemed to contain, "forward-looking statements" with respect to certain of the Company's plans and its current goals and expectations relating to its future financial condition, performance, strategic initiatives, objectives and results. Forward-looking statements sometimes use words such as "aim", "anticipate", "target", "expect", "estimate", "intend", "plan", "goal", "believe", "seek", "may", "could", "outlook" or other words of similar meaning. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond the control of the Company, including amongst other things, United Kingdom domestic and global economic business conditions, market-related risks such as fluctuations in interest rates and exchange rates, the policies and actions of governmental and regulatory authorities, the effect of competition, inflation, deflation, the timing effect and other uncertainties of future acquisitions or combinations within relevant industries, the effect of tax and other legislation and other regulations in the jurisdictions in which the Company and its affiliates operate, the effect of volatility in the equity, capital and credit markets on the Company's profitability and ability to access capital and credit, a decline in the Company's credit ratings; the effect of operational risks; and the loss of key personnel. As a result, the actual future financial condition, performance and results of the Company may differ materially from the plans, goals and expectations set forth in any forward-looking statements. Any forward-looking statements made in this Announcement by or on behalf of the Company speak only as of the date they are made. Except as required by applicable law or regulation, the Company expressly disclaims any obligation or undertaking to publish any updates or revisions to any forward-looking statements contained in this Announcement to reflect any changes in the Company's expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based.

Shore Capital and Corporate Limited ("SCC"), which is authorised and regulated by the FCA, is acting as nominated adviser to the Company for the purposes of the AIM Rules in connection with the Fundraising. Shore Capital Stockbrokers Limited ("SCS" and, together with SCC, "Shore Capital"), which is authorised and regulated by the FCA, is acting as joint broker for the Company in connection with the Fundraising. Shore Capital will not be acting for any other person (including a recipient of this document) or otherwise be responsible to any person for providing the protections afforded to clients of Shore Capital or for advising any other person in respect of the Fundraising or any transaction, matter or arrangement referred to in this document. Shore Capital's responsibilities as the Company's nominated adviser under the AIM Rules for Nominated Advisers are owed solely to the London Stock Exchange and are not owed to the Company or to any Director or to any other person in respect of the Fundraising.

Apart from the responsibilities and liabilities, if any, which may be imposed on Shore Capital by FSMA or the regulatory regime established thereunder, Shore Capital has not authorised the contents of, or any part of, this document and neither Shore Capital nor any of its Representatives make any representation or warranty, express or implied, or accept any responsibility whatsoever, as to, or in relation to, the contents of this document, including its accuracy, completeness or verification, or as to, or in relation to, any other statement made or purported to be made by it, or on its behalf, in connection with the Company or the Fundraising. All and any liability whether arising in tort, contract or otherwise (save as referred to above) in respect of this document or any such statement are accordingly disclaimed.

Allenby Capital Limited ("Allenby Capital"), which is authorised and regulated by the FCA, is acting as joint broker for the Company in connection with the Fundraising and other transactions noted in this Circular and will not be acting for any other person (including a recipient of this document) or otherwise be responsible to any person for providing the protections afforded to clients of Allenby or for advising any other person in respect of the Fundraising or any transaction, matter or arrangement referred to in this document.

Apart from the responsibilities and liabilities, if any, which may be imposed on Allenby Capital by FSMA or the regulatory regime established thereunder, Allenby Capital has not authorised the contents of, or any part of, this document and neither Allenby Capital nor any of its Representatives make any representation or warranty, express or implied, or accept any responsibility whatsoever, as to, or in relation to, the contents of this document, including its accuracy, completeness or verification, or as to, or in relation to, any other statement made or purported to be made by it, or on its behalf, in connection with the Company or the Fundraising. All and any liability whether arising in tort, contract or otherwise (save as referred to above) in respect of this document or any such statement are accordingly disclaimed. No statement in this Announcement is intended to be a profit forecast or estimate, and no statement in this Announcement should be interpreted to mean that earnings per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings per share of the Company.

The price of shares and any income expected from them may go down as well as up and investors may not get back the full amount invested upon disposal of the shares. Past performance is no guide to future performance, and persons needing advice should consult an independent financial adviser.

The Fundraising Shares to be issued pursuant to the Fundraising will not be admitted to trading on any stock exchange other than the AIM market of the London Stock Exchange.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this Announcement.

Information to Distributors

Solely for the purposes of the product governance requirements contained within Chapter 3 of the FCA Handbook Production Intervention and Product Governance Sourcebook (the "UK Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the UK Product Governance Requirements) may otherwise have with respect thereto, the Fundraising Shares have been subject to a product approval process, which has determined that such securities are: (i) compatible with an end target market of investors who meet the criteria of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in paragraph 3 of the FCA Handbook Conduct of Business Sourcebook; and (ii) eligible for distribution through all distribution channels (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, distributors (for the purposes of UK Product Governance Requirements) should note that: (a) the price of the Fundraising Shares may decline and investors could lose all or part of their investment; (b) the Fundraising Shares offer no guaranteed income and no capital protection; and (c) an investment in the Fundraising Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom.  The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Fundraising.  Furthermore, it is noted that, notwithstanding the Target Market Assessment, Shore Capital and Allenby Capital will only procure investors who meet the criteria of professional clients and eligible counterparties.

For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of Chapter 9A or 10A respectively of the FCA Handbook Conduct of Business Sourcebook; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the New Shares.

Each distributor is responsible for undertaking its own Target Market Assessment in respect of the Fundraising Shares and determining appropriate distribution channels.