The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. It forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this information is considered to be in the public domain

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

("Symphony" or the "Company")

Extension to Convertible Loan Agreements

Symphony Environmental Technologies Plc (AIM: SYM), global specialists in technologies that make plastic products "smarter, safer and sustainable", is pleased to announce extensions to the existing £1.5m convertible loan agreements with SESR Investments Pte Ltd ("SESR") (together, the "CLAs") from 30 June 2026 to 31 January 2027.

The other key terms of the CLAs, which were originally announced on 13 March 2023 and 18 October 2023 respectively are unchanged.

The key terms of the extended CLAs are repeated below for completeness:

·      CLAs total drawn principal: £1.5 million (unsecured)

·      If not repaid on or before 31 January 2027, conversion on that date

·      Conversion price: 80% of the volume-weighted average share price for the 3 months prior to 31 January 2027

·      Interest: 7% per annum, payable as accrued on repayment and/or conversion - see below

·      Repayment of the CLAs, in full or in part solely at Symphony's discretion

As part of the agreement to extend, Symphony has also agreed to pay a minimum of £80,000 of the accrued interest before 31 January 2027.

SESR is interested in 19.68% of Symphony's issued share capital. As SESR is a substantial shareholder, extension of the CLAs is deemed to be a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. Accordingly, the board of directors of the Company consider, having consulted with the Company's nominated adviser, that the extension of the CLAs is fair and reasonable insofar as the Company's shareholders are concerned.

Enquiries:

The person responsible for arranging the release of this information is Michael Laurier, CEO of the Company.