20 June 2022 

Silver Bullet Data Services Group plc

("Silverbullet" or the "Company", or, together with its subsidiaries, the "Group")

Result of General Meeting and Completion of Fundraise

Silverbullet (AIM: SBDS), a provider of digital transformation services and products, is pleased to announce that all resolutions put to shareholders at the General Meeting of the Company held earlier today, relating to the Fundraise announced on 1 June 2022, were duly passed.

The Company can also confirm that an additional £100,000 of subscriptions were received via the Broker Option announced on 1 June 2022, taking the total gross proceeds of the Placing, Subscription and Broker Option, when coupled with the Convertible Loan Notes of £2,106,000, to £4.6 million.

Accordingly, the Company will proceed to issue a total of 2,494,000 new Ordinary Shares in respect of the Placing, Subscription and Broker Option. Application has been made for the Placing Shares, Subscription Shares and Broker Option Shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM ("Admission"), and Admission is expected to occur on or around 21 June 2022.

Total Voting Rights

The total number of Ordinary Shares in issue following Admission will be 15,916,687. As the Company does not hold any shares in Treasury, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company following Admission under the FCA's Disclosure and Transparency Rules.

Ian James, Chief Executive Officer of Silverbullet, commented:

"We are delighted to announce this fundraise completion and look forward to the anticipated growth of our post cookie product 4D as brands accelerate their shift to privacy first advertising solutions and services."

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the Company's announcement released at 7:05 a.m. on 1 June 2022 entitled " Fundraise of £4,500,000 and Notice of GM".

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About Silverbullet

Silverbullet's proprietary 4D advertising solution is designed to help advertisers target consumers in a "post cookie world". The product is a natural extension to its existing services business which already serves a blue-chip client base such as Heineken, Channel 4, Amazon and ITV amongst many others. The removal of third-party cookies has already been implemented by web browsers such as Firefox and Safari, with Google expected to phase out the use of cookies in 2023. 

Headquartered in London, the Group employs 74 employees across five regions across the globe, including, the UK, Italy, Germany, Australia and the US. The Group continues to look at other opportunities for expansion worldwide.

The Company has an established and growing services business with significant accumulated industry experience and a proven track record of delivering strategic projects and activation services to its clients. The majority of the Board have held senior positions at global software companies and have significant industry experience across data engineering, SAAS product development and marketing.

The Group has close technical and commercial partnerships with Salesforce, Oracle and Adobe, all of which have existing sales channels and are already delivering to clients.

The Group has established a strategic partnership and an entity with Local Planet, a scaled network of over 60 agencies across the globe.  Local Planet Data Services Limited was established in December 2020 and presents a significant opportunity to provide data services and the 4D product to the Local Planet agency network.

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