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NetScientific plc 

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

NetScientific to increase Q-Bot stake to 23.7%

NetScientific plc (AIM: NSCI), the international life sciences and sustainability technology investment and commercialisation Group announces that EMV Capital, its wholly-owned subsidiary, has agreed to acquire (either itself or using a nominee) a further stake in Q-Bot of 1,066 ordinary shares (3.13%) for a total consideration of £202,540.

Q-Bot is a London-based award-winning robotics and AI company that has pioneered cutting edge patented technology and digital solutions for the insulation and upgrade of buildings and homes. In the year ended 31 March 2022, Q-Bot generated sales of £2.2m, and expects significant growth in sales as market deployment accelerates, in part driven by a drive to insulate homes in the UK and Europe due to higher energy costs, decarbonisation of the housing stock and energy security.

This acquisition will result in the direct equity holding in Q-Bot by NetScientific (as the nominee of EMV Capital) increasing from 20.6% to 23.7%, in addition to EMVC's Capital Under Advisory representing 16.7%.

Commenting on this news, Ilian Iliev, CEO of NetScientific stated: "Q-Bot has been a very good investment for us. Based on the share price in its June 2022 £1.6m funding round NetScientific's 23.7% Q-Bot direct stake (once increased) is valued at £3.19m, a gain of approximately £1.67m in less than one year."

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About NetScientific

NetScientific plc (AIM: NSCI) is a holding company, that invests in, develops, commercialises and realises shareholder value in life sciences/healthcare, sustainability and technology companies, which offer significant growth potential in the UK, Europe and USA, as well as globally. 

Since the adoption of the New Strategy in 2020, the Group has nearly trebled its portfolio from 8 to 22 companies, either through subsidiary, direct balance sheet investment or capital under advisory.

NetScientific delivers shareholder returns through a proactive and hands-on management approach to their portfolio companies; identifying, investing in, and helping to build game-changing companies. The Group targets value inflection points and the release of value through partial or full exits from trade sales, public listings, or equity sales. The Company has a strong transatlantic and growing international presence, providing attractive expansion prospects. 

NSCI can deploy a capital-light investment structure; utilising the power of the PLC Brand, and the NetScientific balance sheet to anchor future investments and achieve a multiplier effect by attracting third party investment for the portfolio companies. 

NetScientific is headquartered in London, United Kingdom, and was admitted to trading on AIM, a market operated by the London Stock Exchange, in 2013 (website: www.netscientific.net).

About Q-Bot (www.q-bot.co):

Q-Bot Limited, was formed in 2012 by the multi-award-winning architect Tom Lipinski and Professor Peter Childs FReng from Imperial College London, with the goal of using robotics and AI to transform the construction industry. Q-Bot's solutions enable the delivery of innovative new services for the inspection, maintenance and upgrade of buildings which empower workers, improve safety, are cost-effective, and efficient. Q-Bot is revolutionising the construction industry by connecting the built environment with robotics and AI, to rethink processes that have remained unchanged for hundreds of years. The company is backed by Net Scientific PLC, EMV Capital, EIS investment platform Wealth Club, and other investors.

Q-Bot has already brought to market a unique retrofit solution, using a robotic device to apply insulation under suspended floors of existing homes, insulating over 2,500 homes in the process. The solution is cheaper, performs better, and has none of the disruption of more traditional methods. Through its work with local councils and housing authorities, for whom it is increasingly becoming the de facto standard, Q-Bot's solution has been proven to reduce fuel poverty by improving the energy efficiency of homes, whilst substantially reducing their carbon footprint- cementing the company's strong ESG credentials. Q-Bot has also grown to work with private customers, and developed a scalable and successful model offering the service to Accredited Installation Partners ('Robot as a Service'). The solution is TrustMark certified and fully accredited by the BBA.