Press release

22 August 2025

Vaultz Capital plc

("Vaultz Capital", "Vaultz" or the "Company")

Appointment of James Bowater as Global Head of Partnerships

Vaultz Capital plc (AQSE: V3TC), a digital asset operating company, is pleased to announce the appointment of James Bowater as Global Head of Partnerships of the Company, a non-Board appointment, with immediate effect.

James Bowater is a highly regarded figure in the digital asset, blockchain and Web3 sectors, with over a decade of experience since entering the cryptocurrency industry in 2014. In 2018, he founded Crypto AM in partnership with City A.M., establishing the first mainstream publication to provide regular coverage of AI, blockchain, cryptoassets, DeFi, digital assets and Web3.

In 2024, James launched The Digital Commonwealth, a community-focused platform dedicated to digital assets, fintech, frontier technologies and real-world assets. He also serves as Global Ambassador for World Mobile, CUDOS and Minutes Network; co-founded Jade Vault and Jade City, initiatives designed to broaden access to the jade market; and holds advisory positions with blockchain platforms Palm Economy, Rainfall and Smarter Contracts. In recognition of his contributions, he was named 'Blockchain Advisor of the Year' at the AIBC Awards in Malta (2022).

James' extensive industry experience and leadership in digital asset education and community building are expected to contribute to the development of strategic partnerships as the Company advances its Bitcoin mining and Treasury activities.

Eric Benz, CEO of Vaultz Capital, commented, "James has been a long-standing advocate for Bitcoin. His work at City A.M. played an important role in establishing wider industry awareness, and he brings over a decade of sector knowledge, spanning both journalism and commercial initiatives. His expertise will support our strategic development and market positioning as we expand our Bitcoin mining and Treasury operations. We're delighted to welcome him aboard."

The Directors are responsible for the release of this announcement.

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Important Notices

The Company intends to hold treasury reserves and surplus cash in Bitcoin. Bitcoin is a type of cryptocurrency or cryptoassets. Whilst the Board of Directors of the Company considers holding Bitcoin to be in the best interests of the Company, the Board remains aware that the financial regulator in the UK (the Financial Conduct Authority or FCA) considers investment in Bitcoin to be high risk. At the outset, it is important to note that an investment in the Company is not an investment in Bitcoin, either directly or by proxy and shareholders will have no direct access to the Company's holdings. However, the Board of Directors of the Company consider Bitcoin to be an appropriate store of value and potential growth and therefore appropriate for the Company's reserves. Accordingly, the Company is and intends to continue to be materially exposed to Bitcoin. Such an approach is innovative, and the Board of Directors of the Company wish to be clear and transparent with prospective and actual investors in the Company on the Company's position in this regard.

The Company is neither authorised nor regulated by the FCA, and the purchase of certain cryptocurrencies (such as Bitcoin) are generally unregulated in the UK. As with most other investments, the value of Bitcoin can go down as well as up, and therefore the value of the Company's Bitcoin holdings can fluctuate. The Company may not be able to realise its Bitcoin holdings for the same as it paid to acquire them or even for the value the Company currently ascribes to its Bitcoin positions due to market movements. Neither the Company nor investors in the Company's shares are protected by the UK's Financial Ombudsman Service or the Financial Services Compensation Scheme.

Nevertheless, the Board of Directors of the Company has taken the decision to invest in Bitcoin, and in doing so is mindful of the special risks Bitcoin presents to the Company's financial position. These risks include (but are not limited to): (i) the value of Bitcoin can be highly volatile, with value dropping as quickly as it can rise. Investors in Bitcoin must be prepared to lose all money invested in Bitcoin; (ii) the Bitcoin market is largely unregulated. There is a risk of losing money due to risks such as cyber-attacks, financial crime and counterparty failure; (iii) the Company may not be able to sell its Bitcoin at will. The ability to sell Bitcoin depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay; and (iv) cryptoassets are characterised in some quarters by high degrees of fraud, money laundering and financial crime. In addition, there is a perception in some quarters that cyber-attacks are prominent which can lead to theft of holdings or ransom demands. Prospective investors in the Company are encouraged to do your own research before investing.