26 November 2021

Supply@ME Capital plc

(The "Company" or "SYME")

Convertible Loan Notes issued on 1 November 2021

Conversion of the outstanding amount

Supply@ME Capital plc, the innovative fintech platform (the "Platform") which provides the Inventory Monetisation© service to manufacturing and trading companies, announces that it has received a conversion notice from Mercator Capital Management Fund LP ("Mercator") in respect of the outstanding £300,000 in principal amount of the Convertible Loan Notes issued by the Company on 1 November 2021, in lieu of a cash repayment, in accordance with the terms of the Loan Note Facility announced in the RNS of 29 September 2021 (the "Loan Note Facility").

SYME issued Convertible Loan Notes with a total principal value of £458,333.34 to Mercator on 1 November 2021 in order to support the working capital needs of the Company and its operating subsidiaries (the "Group"), in particular, the delivery of the first inventory monetisation transaction, and also to fund further developments of the Platform to underpin the Group's White-Label product offering. As stated in the RNS of 17 November 2021, SYME previously received a conversion notice from Mercator for an initial £158,333.34 in principal amount of the Convertible Loan Notes as issued by the Company on 1 November 2021.

Following receipt of this second conversion notice, the remaining £300,000 of the Convertible Loan Notes issued on 1 November are to be converted into 221,836,063 Ordinary shares (the "Conversion Shares") at a conversion price of £0.00135, representing 0.6% of the Company's issued share capital prior to the issue of the Conversion Shares. On conversion, no Convertible Loan Notes issued by the Company to Mercator on 1 November 2021, will remain outstanding.  The Company will continue to monitor its working capital and growth needs and will decide, at its discretion and in line with the Loan Note Facility, at each of the monthly repayment date, if the amount to be repaid will be satisfied by cash or the issue of new Convertible Loan Notes.

In addition, as announced in the RNS dated 29 September 2021, warrants have, and will be, issued to Mercator for 20% of the total principal value of any Convertible Loan Notes issued.

Application has been made to the Financial Conduct Authority and to the London Stock Exchange for admission of the Conversion Shares to the standard segment of the Official List and to trading on the London Stock Exchange's main market for listed securities, respectively ("Admission"). It is expected that Admission will occur at 8.00 a.m. on or around 29 November 2021. The Conversion Shares will rank pari passu with the existing issued Ordinary Shares in the Company. 

Notes

Supply@ME Capital PLC and its operating subsidiaries (together the "Group") provide an innovative fintech platform (the "Platform") for use by manufacturing and trading companies to access inventory trade solutions enabling their businesses to generate cashflow, via a non-credit approach and without incurring debt.  This is achieved by their existing eligible inventory being added to the Platform and then monetised via purchase by third party Inventory Funders.  The inventory to be monetised can include warehouse goods waiting to be sold to end-customers or goods/commodities that are part of a typical import/export transaction. SYME announced in August 2021 the launch of a global Inventory Monetisation program which will be focused on both inventory in transit monetisation and warehouse goods monetisation. This program will be focused on creditworthy companies and not those in distress or otherwise seeking to monetise illiquid inventories.

Contacts

Alessandro Zamboni, CEO, Supply@ME Capital plc, investors@supplymecapital.com

Paul Vann, Walbrook PR Limited, +44 (0)20 7933 8780; paul.vann@walbrookpr.com 

Brian Norris, Cicero/AMO, +44 (0)20 7947 5317 brian.norris@cicero-group.com