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Insig AI plc

("Insig AI" or the "Company")

Further agreement with CarVal Investors, L.P.

Services agreement with CarVal Investors to develop and launch a new line of ESG scoring tools

Insig AI plc (AIM:INSG), the data science and machine learning solutions company, is delighted to announce that CarVal Investors ("CarVal"), a global alternative investment manager, and Insig Partners Limited, a wholly owned subsidiary of the Company, have formally entered into a long-term services agreement to develop and launch a new line of high yield ("HY") and investment grade ("IG") ESG scoring tools (the "Agreement"). These new ESG scoring tools will be used by CarVal to optimise HY and/or IG portfolios based on ESG considerations. The Agreement follows the successful launch of the CarVal Clean product line and CarVal's first ESG Collateralised Loan Obligation in 2021, which was supported by Insig AI per the RNS announcement released on 17 August 2021.

The Agreement entitles Insig AI to fees based on CarVal's assets under management raised in connection with the HY and/or IG focused investment pools, which are anticipated to commence within six to twelve months of the completion of the scoring tools and accrue over the life of such investment pools. These fees are anticipated to provide Insig AI with a substantial, long term and growing revenue stream.

CarVal's proprietary ESG risk scores, combined with Insig AI's Natural Language Processing disclosure scores which use the Company's machine learning techniques, enable rapid analysis of more data, scenarios and outputs. These capabilities are expected to enable CarVal to make more detailed ESG-influenced investment decisions.

Steve Cracknell, Chief Executive of Insig AI, said:

"This agreement marks a major milestone for our Company, after months of close collaboration with CarVal on the development of this ground-breaking HY and IG ESG platform. By combining smart investment strategy with machine learning capabilities, this joint development will create a major differentiation in the evaluation and optimisation of ESG HY and IG funds and investment products. We are proud to be working with CarVal and look forward to supporting CarVal with further ESG-focused products they launch."

About CarVal:

CarVal Investors is an established global alternative investment manager focused credit-intensive assets and market inefficiencies. Since 1987, CarVal's team has navigated through ever-changing credit market cycles, opportunistically investing $133 billion in 5,610 transactions across 82 countries. Today, CarVal has approximately $11 billion in assets under management in corporate securities, loan portfolios, structured credit and hard assets. For more information, visit www.carvalinvestors.com.

For further information, please visit www.insg.ai, or contact: