NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC ("NASCIT")

25th July 2023

Nanoco Group Plc (ISIN: GB00B01JLR99) ("Nanoco")

NASCIT has an indirect investment in Nanoco through its holding in Oryx International Growth Fund Limited ("Oryx").

In response to Mr Hamoodi's assertion that Richard Griffiths and Christopher Mills were co-managers of North Atlantic Smaller Companies Investment Trust plc "NASCIT": the NASCIT Board confirm that Richard Griffiths is not and never has been a co-manager of NASCIT. Mr Hamoodi's misleading comment confirms that he and his proposed Directors do not meet our criteria to be Directors of a UK Plc. We wish to reaffirm our support for the current Nanoco Board and urge other shareholders to do the same and vote against the resolutions.

Enquiries:

Christopher Mills and Christopher Hart

020 7640 3200