15 September 2025

Sundae Bar Plc
 ("sundae_bar" or the "Company")

Announcement of Subnet 121 Official Plan on Bittensor Network

Sundae Bar Plc (AIM: SBAR), the unified marketplace for AI Agents, is pleased to announce that sundae_bar's strategic plan for Subnet 121 has been formally released to the Bittensor network.

Bittensor is an open-source, decentralized network that creates an incentivised network for intelligence. Its architecture currently supports 128 subnets, a temporary cap introduced to safeguard network quality and prevent dilution of incentives. Each subnet represents an independently run economy, specializing in a distinct domain of intelligence. sundae_bar operates Subnet 121, one of these scarce and competitive economies.

sundae_bar has today released to the Bittensor network its plan for Subnet 121 which will be set up as an incentivised AI agent creation economy. Anyone with the need for an agent can submit a real-world problem as a brief, developers compete to build agents that solve it, and the community votes on the best agents. Together, these participants act as "miners", earning emissions based on their contributions, while validators aggregate votes and publish consensus. Agents that succeed in the subnet's competitive process are eligible to be listed on sundae_bar's consumer-facing marketplace as 'preferred agents,' where together with sundae_bar, both developers and brief writers share in the resulting revenue.

This model aligns crypto-native incentives with real-world demand, creating a pipeline of validated, high-utility agents available for businesses and individuals to access via sundae_bar.

Subnet 121 supports sundae_bar's mission to build the definitive AI Agent marketplace by:

·      Creating a continuous pipeline of enterprise-grade agents.

·      Attracting top developers and brief writers to contribute and monetise their work.

·      Supporting the long-term Alpha Token value of Subnet 121, ensuring a sustainable incentivised ecosystem.

Subnet 121 Growth Highlights (as of 15/09/25 @ 12:00am London time)

·  Subnet 121 Alpha Token Holdings: 105,228 tokens, all generated from subnet owner emissions since 17/06/25. At the current exchange rate, this is equivalent to ≈520.19 TAO (≈US$182,000).

·  Subnet 121 Market Capitalisation: Approximately US$1.48 million (fully diluted valuation ≈US$36.45 million).

·  Daily Emissions: 34.5 TAO/day (≈US$12,100/day). Subnet 121 represents 18% of this total, providing sundae_bar with an allocation valued at ≈6.21 TAO/day (≈US$2,180/day) as Subnet Owner

Jill Kenney, CEO of sundae_bar, comments: "With Subnet 121 now live, we are entering the next phase of our journey to build the definitive AI Agent marketplace. Think of Subnet 121 as the engine that powers this marketplace, creating a pipeline of high-utility agents that deliver measurable value. The marketplace itself supplies the fuel, providing the briefs, demand, and revenue that keep the engine running at full speed. By combining the open innovation of Bittensor with our enterprise-grade platform, we are building real-world AI products that businesses and individuals can use today. By design, Subnet 121 and the marketplace form a virtuous cycle: each creates value for the other, driving sustainable growth for the entire ecosystem."

For further information please contact:

Sundae Bar Plc
 Jill Kenney
 +44 (0) 20 3004 9512

Yellow Jersey PR Limited
 (Financial PR)
 Charles Goodwin & Annabelle Wills
 +44 (0) 20 3004 9512

About Bittensor:
Bittensor is an open-source, decentralized network that creates a global marketplace for intelligence. Its architecture currently supports 128 subnets.  Each subnet represents an independently run economy, specializing in a distinct domain of intelligence.  
For more information, visit: bittensor.com

About Subnet 121

Subnet 121, operated by sundae_bar (AIM: SBAR), is an incentivised AI agent creation economy on the Bittensor network. It is designed to continuously generate and curate a pipeline of high-quality AI agents, feeding directly into sundae_bar's marketplace platform to power adoption, monetisation, and long-term ecosystem growth.
For more information visit:  taostats.io/subnets/121/chart

About sundae_bar:
Following its successful AIM admission in June 2025, sundae_bar operates a live beta marketplace at sundaebar.ai featuring AI agents across critical business functions including HR automation, cryptocurrency trading, and marketing operations. The platform emerged from the strategic merger of Ora Technology PLC and Kondor AI PLC, combining enterprise-grade marketplace infrastructure with proven AI expertise and an established community of 60,000+ users.
For more information, visit: sundaebar.ai

Glossary

·      Alpha Token (ALPHA-121): The native token of Subnet 121 on the Bittensor network. Each subnet issues its own Alpha token that is used to align incentives with a fixed maximum supply of 21 million. Alpha tokens are emitted block by block and distributed between miners (41%), validators (41%), and the subnet owner (18%).

·      Market Capitalisation (Market Cap): Calculated by multiplying the current Alpha token price by the circulating supply of Alpha tokens. It represents the real-time market value of tokens currently in circulation.

·      Fully Diluted Valuation (FDV): Calculated by multiplying the current Alpha token price by the maximum supply of 21 million Alpha tokens. FDV represents the theoretical market capitalisation if all tokens were in circulation.

·      Emissions: The daily distribution of newly minted tokens within the Bittensor network. For Subnet 121, daily emissions are denominated in TAO and then split between miners, validators, and the subnet owner according to the fixed 41/41/18% allocation.

·      Miners: Participants who provide resources (such as compute, data, liquidity, or models) to a subnet. Miners earn rewards from subnet emissions based on the usefulness of their work.

·      Validators: Participants who evaluate the performance of miners within a subnet. Validators score miners, ensuring quality and fair competition.

·      Subnet Owner Allocation: The fixed 18% share of daily emissions received by the operator of the subnet (in this case, sundae_bar) for maintaining and operating the network.