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")

21 October 2022

Valereum Plc

("Valereum" or the "Company")

Market Update

Further to the Company announcement on 17^th October 2022 regarding the proposed completion of the acquisition of the Gibraltar Stock Exchange ("GSX), Valereum confirms that it is continuing constructive discussions with the Gibraltar Financial Services Commission ("GFSC") regarding the closing of the transaction. These discussions on the regulatory change of control of the GSX are constructive and solid progress is being made.

As stated previously, Valereum's management team is working towards completing the acquisition and will update the market when significant news arises.

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