19 December 2022

Kistos plc

Results of Sanction Hearings

The board of directors of Kistos plc ("Kistos" or "Company" or, together with its subsidiary or subsidiary undertakings, the "Group") (AIM: KIST) is pleased to announce the results of the sanction hearing (the "Sanction Hearing") of the High Court of Justice of England and Wales (the "Court") in relation to the restructuring of Kistos by means of a scheme of arrangement ("Scheme") proposed by the Company under Part 26A of the Companies Act 2006, as amended.

Further to the announcement dated 14 December 2022 in relation to the court meeting ("Court Meeting") and general meeting ("General Meeting"), the Court has sanctioned the Scheme to implement the restructuring.

The Scheme will become effective once the Scheme Court Order (duly sealed by the Court) has been delivered to the Registrar of Companies, which is expected to take place on 20 December 2022.

The last day of dealings in, and registration of transfers of, Kistos's ordinary shares ("Ordinary Shares") will be on 21 December 2022. The Scheme Record Time will be 6.00 p.m. on 21 December 2022.

Kistos has applied to the London Stock Exchange for the cancellation of admission to trading of the Ordinary Shares on AIM, which is expected to take effect as of 8.00 a.m. on 22 December 2022. No transfers of Ordinary Shares will be registered after 8.00 a.m. on that date.

Full details of the Scheme are set out in the circular sent to Shareholders dated 22 November 2022 ("Scheme Document"). Capitalised terms used but not otherwise defined in this announcement have the meaning given to them in the Scheme Document.

All references to time in this announcement are to London, England time, unless otherwise stated. The Company will advise any changes to times and dates by RNS.

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