31 July 2024

Supernova Digital Assets PLC

("Supernova" or the "Company")

Interim results

Supernova (AQSE: SOL), a company specialising in the Solana ecosystem, is pleased to announce its unaudited financial results for the six months ended 30 April 2024.

The Directors of Supernova take responsibility for this announcement.

For further information please contact:

About Supernova Digital Assets:

The Company will look to identify investment and business building opportunities in the high growth Solana and crypto currency ecosystem. The Board intends to deploy the majority of the Company's cash resources in the acquisition of minority interests in a number of different, yet to be identified, companies in the broad Solana and crypto currency ecosystem, and to apply expertise to the business operations and strategic plans of these companies. The experience, operational skills and contacts of the Board are intended to act as an accelerator to start-ups and early-stage companies to maximise their profit opportunity. It is anticipated that returns to Shareholders will be delivered through a combination of an appreciation in the Company's share price and through the adoption of a progressive dividend policy. The Company's Directors have an established track record, experience and networks in the crypto currency sector, digital assets management, as well as the media industry to drive value creation.

Executive Chairman's statement

For the six month's ended 30 April 2024

During the course of the year ending 31 October 2023 the Board of Directors of the Company decided that best interests were served by divesting a number of non-core businesses and focusing on the Solana cryptocurrency ecosystem. It is the Board's opinion that Solana ("SOL") will be integral to the success of the crypto environment and there will be an increasing level of development of system architecture that sits on the Solana ecosystem.

The Board believes there are considerable value accretive opportunities available in the Solana cryptocurrency ecosystem and, during the six month period to 30 April 2024, the Company sold its Ethereum position and invested the proceeds into SOL. This resulted in the Company holding a SOL balance at 30 April 2024 of 27,778 tokens with a valuation on that date of US$3.8m. As at 30 July 2024 this SOL balance is valued at US$5.0m.

The Company acquired Hyperslot PTE Limited, a Solana Validator on 18 March 2024. This is a strategic transaction in that it allows the Company to stake its SOL "in-house" and thus retain all staking rewards. These rewards are expected to be approximately 1,900 SOL per year and, as such, much of the Company's slimmed-down operating costs will be met by this.

In addition, the Company has 30,000,000 shares in Phoenix Digital Assets plc ("PNIX") (previously called NFT Investments plc). The Company decided not to participate in the PNIX Tender Offer and, as of today's date, still holds 30,000,000 PNIX shares. The Company also owns 76,332,000 shares in StreaksAI plc and holds this position so at to have exposure to the burgeoning AI sector.

Finally, the Company is well advanced with the processes necessary to allow it to buy back its own shares. The Company recognises that its shares continue to trade at a significant discount to the Net Asset Value and it will use this mechanism to return value to shareholders.

Michael Edwards

Executive Chairman

                    31 July 2024

             Statement of Comprehensive Income

          Statement of Financial Position