THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EU (WITHDRAWAL) ACT 2018.

9 July 2025

GS Technologies Ltd

("GST" or the "Company")

Result of Retail Offer

GSTechnologies Ltd (LSE:GST), the fintech company, is pleased to announce, further to its announcement on 7 July 2025, that it has conditionally raised £175,000 (before expenses) via the issue of 14,583,333 new ordinary shares of no par value in the capital of the Company (the "Retail Offer Shares") at a price of 1.20 pence per share (the "Issue Price") pursuant to its offer to its existing retail shareholders via CMC CapX (the "Retail Offer").

The funds raised from the Placing and the Retail Offer will be principally used to further build the Company's Bitcoin treasury reserve in accordance with the Treasury Policy recently implemented by the Company, as announced on 25 June 2025.  As at 31 March 2025, the Company's financial year end, and subject to audit, the Company had a gross cash balance of approximately US$4.2 million.  The existing cash resources of the Company coupled with the net proceeds of the Placing and the Retail Offer will therefore enable the Company to acquire a significant Bitcoin holding.

The Group continues to make good progress with its GS Money strategy of developing a borderless neobanking platform providing next-generation digital money solutions, including the advancement of the Bake Cryptocurrency Platform acquired at the beginning of the year.  A further update will be provided with the results for the year ended 31 March 2025, that the Company expects to release before the end of July 2025.

The Retail Offer is conditional on the Retail Offer Shares being admitted to trading on the Main Market of the London Stock Exchange plc ("Retail Offer Admission").  Retail Offer Admission is expected to take place at 8.00 a.m. on or around 15 July 2025.

In addition to the Retail Offer, the Company has also conducted a placing (the "Placing") of new ordinary shares to raise gross proceeds of £1,750,000 (the "Placing Shares"), as announced on 7 July 2025.  The Placing Shares are expected to be admitted to trading on the Main Market of the London Stock Exchange plc at 8.00 a.m. on or around 15 July 2025 ("Placing Admission").  For the avoidance of doubt, the Retail Offer is separate from and does not form part of the Placing.

Tone Goh, Chairman of GST, commented: "I would like to thank those investors, both existing and new, who have supported the Placing and Retail Offer.  The net proceeds of this fundraise, when combined with the Company's current cash resources, will enable the Company to acquire a significant Bitcoin holding.  Holding a substantial proportion of the Company's cash resources in Bitcoin makes perfect sense given the Group's operations and the services it is providing to its clients.  We are excited about the potential for Bitcoin to enhance shareholder value while reinforcing our leadership in the digital asset space."

Total voting rights

Following Placing Admission and Retail Offer Admission, the total issued share capital of the Company will be 2,299,949,719 ordinary shares, of which 1,155,287 ordinary shares are held in treasury. Therefore, the Company's total number of Ordinary Shares and voting rights will be 2,298,794,432 and 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

The Company

Tone Goh, Executive Chairman

+65 6444 2988

Financial Adviser

First Sentinel Corporate Finance

+44 (0)20 3855 5551  

Brian Stockbridge / Gabrielle Cordeiro

Broker

CMC Markets

+44 (0)20 3003 8632

Douglas Crippen

Financial PR & Investor Relations

IFC Advisory Limited

Tim Metcalfe / Graham Herring / Florence Chandler

+44 20 (0) 3934 6630