The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR")

19 October 2022

Valereum Plc

("Valereum" or the "Company")

Change of Adviser

The Company has been asked by Aquis Stock Exchange to clarify the position concerning our change of advisor.

1.   Peterhouse resigned as the Company's adviser, with immediate effect on 13 October 2022.

2.   First Sentinel Corporate Finance ("FSCF") were able to take over immediately because the Company and FSCF were already in discussions concerning their appointment as adviser.

The Directors of the Company accept responsibility for the contents of this announcement.

END

Enquiries:

Valereum Plc

Richard Poulden, Chairman

Tel: +971 4584 6284

AQSE Corporate Adviser

First Sentinel Corporate Finance

Brian Stockbridge

Tel: +44 (0) 7876 888 011

Investor Relations

J&H Communications Limited

James Henderson

Tel: +44 (0)7774 444163

james@j-hcommunications.com

George Hudson

Tel: +44 (0)7803 603130

george@j-hcommunications.com

For more information, please visit the Company's website at valereum.gi