This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

25 July 2025

Phoenix Digital Assets PLC

("Phoenix" or the "Company")

TRANSACTION IN OWN SHARES, TREASURY SHARES HELD

AND RELATED PARTY TRANSACTION

Phoenix Digital Assets PLC (AQSE: PNIX) announces that, pursuant to the share buyback programme (the "Programme") announced on 12 August 2024, it acquired the following number of ordinary shares of 0.1 pence each ("Ordinary Shares") from Supernova Digital Assets PLC ("Supernova") via an on-market transaction through Dowgate Capital (together, the "Transaction").

Notification of total voting rights in accordance with paragraph 5.5.1 and 5.6.1 of the FCA's Disclosure Guidance and Transparency Rules

The purchased Ordinary Shares will be held in treasury by the Company. Following this purchase, the issued share capital of the Company is 466,750,000 Ordinary Shares, each share carrying the right to one vote, of which 55,265,295 are held in treasury. These Ordinary shares are held in treasury by the Company and represent 11.84% of the Company's share capital.

For reporting purposes under the FCA's Disclosure and Transparency Rules the market should exclude any shares held in treasury and should use the figure 411,484,705 when determining if they are required to notify their interest in, or a change to their interest in the Company. The Company will make further announcements in due course following the completion of any further purchases pursuant to the Programme.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 as it applies in the UK (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Dowgate Capital on behalf of the Company as part of the share buyback programme.

Individual transaction

Related Party Transaction

As Mike Edwards and Nick Lyth are directors of both Supernova and Phoenix, the above transaction is deemed to be a related party transaction under the Aquis Rules. Having exercised reasonable care, skill and diligence, the directors (excluding Michael Edwards and Nick Lyth) consider that the terms of the Transaction are fair and reasonable as far as the shareholders of the issuer are concerned.

The Directors of Phoenix accept responsibility for this announcement. 

For further information please contact:

About Phoenix

Phoenix Digital Assets PLC invests in a diversified portfolio of cryptocurrency, and/or in companies or funds which have exposure to NFT or blockchain technology. The Company's leadership team have an extensive track record in the cryptocurrency sector and previously founded Argo Blockchain PLC, a global crypto miner. Phoenix is headquartered in London, UK, and its shares are listed on the Aquis Stock Exchange Growth Market under the ticker symbol PNIX.  https://www.getphoenix.co.uk