THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

27 January 2022

TINTRA PLC

 ("Tintra", the "Group" or the "Company")

Update of Board & Substantial Shareholders

Update re Sale of Lottery Business

Board & Significant Shareholder Update

Following the announcement of 26 January 2022, the Board of Directors of Tintra (the "Board") would like to add some further information.

Firstly, following the issue of new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares"), the shareholdings of the Board and Significant Shareholders (as defined in the AIM Rules for Companies) will be, to the best of the Company's knowledge, as follows on the admission of the new Ordinary Shares:

1.  Richard Shearer, CEO of the Company, indirectly controls Tintra Acquisitions Ltd.

2.  Includes Ordinary Shares held by Moorhen Limited and Pintail Holdings Ltd, companies controlled by Mr Jackson and 33,333 Ordinary Shares held by Tilly Beazley, Mr Jackson's wife.

*  Director of the Company. 

Issue of Loan Stock

On 25 January 2022 Tintra Acquisitions Limited ("TAL") was issued £78,010 of Convertible Loan Stock (the "New Conversion") and it converted that plus already held Convertible Loan Stock to a total of £100,000.

The Convertible Loan Stock was issued in accordance with terms set out in the announcement of 25 March 2021.

As such, the New Conversion has reduced the amount of the loan outstanding to TAL announced on 15 July 2021 by the same amount.

Gift from Tintra Acquisitions Limited to The Tintra Foundation

The Company has been notified that the transfer of Ordinary Shares gifted by TAL to the Tintra Foundation for the purposes of funding the Company's Environmental, Social & Governance program, announced on 10 January 2022, was completed on 25 January 2022.

Sale of Lottery Business

Further to the Company's announcement of 21 October 2021, the Board would like to provide an update in respect of the sale of certain assets of Prize Provision Services Limited (the "Lottery Administration Business") to Sterling Management Centre Ltd (the "Buyer"). 

The transaction is proceeding well with a good working relationship between the Buyer and the Lottery Administration Business. As the transaction has progressed there have been some unexpected complexities that have needed navigating. These are mainly related to complex banking requirements and having to ensure the many hundreds of charities that rely on the Lottery Administration Business are considered at every step of the way.  This has meant matters are taking slightly longer than anticipated, however both Parties are operating on a time is of the essence basis.

The Company and the Buyer have a target of signing the Sales and Purchase Agreement during the middle part of February. The Board fully expects the transaction to close as anticipated, with the time amendment stated herein being the only variance.

For further information, contact: