THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO. 596/2014 ON MARKET ABUSE ("UK MAR"), AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

8 July 2026

Quadrise plc

(the "Company" and together with its subsidiaries the "Group" or "Quadrise")

Results of Placing and Subscription  

Quadrise Plc (AIM: QED), the manufacturer of lower cost, lower emission, replacement fuels and biofuels for shipping and heavy industry, is pleased to announce the successful results of the Placing and Subscription announced on 7 July 2026 (the "Launch Announcement").

The Company has conditionally raised £1.2 million pursuant to the Placing of 119,000,000 Placing Shares and direct subscriptions for 1,000,000 Subscription Shares, in each case at the Issue Price of 1.0 pence per new Ordinary Share.

The gross proceeds of the Placing and Subscription are expected to be supplemented by additional gross proceeds of up to £1.2 million to be raised pursuant to the Retail Offer at the Issue Price.

The Placing Shares and the Subscription Shares will be issued and allotted under the Company's existing authorities obtained at the Company's last annual general meeting held on 28 November 2025.

A separate announcement will be made shortly by the Company in relation to the Retail Offer and shall include its terms and timetable. For the avoidance of doubt, the Retail Offer is not part of the Placing or the Subscription.

Director / PDMR Placing and Subscription participation

The following Directors and PDMRs of the Company have participated in the Placing and Subscription:

The notifications below, made in accordance with the requirements of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and as modified by or under the European Union (Withdrawal) Act 2018 or other domestic law, provide further detail.

Related Party Transactions

The participation in the Fundraise by Peter Borup, Tony Foster, Jason Miles, Andy Morrison and Michael Covington as Directors of the Company (the "Related Parties") constitute related party transactions for the purposes of Rule 13 of the AIM Rules for Companies.

The independent Director of the Company (being Vicky Boiten Lee), having consulted with Cavendish, the Company's nominated adviser, confirms that the terms of the transaction by each of the Related Parties are fair and reasonable insofar as Shareholders are concerned.

Admission and dealings

Application has been made to the London Stock Exchange for the Placing Shares and the Subscription Shares to be admitted to trading on AIM ("First Admission"). A separate application will be made for the Retail Offer Shares to be admitted to trading on AIM following the closing of the Retail Offer ("Second Admission").

First Admission is expected to take place on or around 8.00 a.m. on 10 July 2026 (or such later date as may be agreed between the Bookrunners, Cavendish and the Company being no later than 8.00 a.m. GMT on 10 August 2026). 

The Placing Shares and the Subscription Shares will be in registered form and will be capable of being held in either certificated or uncertificated form (i.e. in CREST). Accordingly, following First Admission, settlement of transactions in the Placing Shares and the Subscription Shares may take place within the CREST system.

Unless otherwise defined herein, capitalised terms used in this announcement have the meanings given to them in the Launch Announcement.

For further information contact:

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM