Date: 24 July 2026

FOR IMMEDIATE RELEASE (Aquis Stock Exchange: VLRM)

Valereum Plc

("Valereum", "VLRM" or the "Company") 

Quorium Global Photonics SPC ("QGP") Update

Valereum Plc (AQSE: VLRM | OTCQB: VLRMF), a company aiming to become the global market leader in the tokenised digital markets sector, is pleased to share an update on the Definitive Agreement with Quorium Global Photonics SPC ("QGP").

Valereum announces that QGP has issued $VXRUP, a stablecoin natively on Ripple's XRP Ledger ("XRPL"), as the primary liquidity vehicle for its ecosystem.

QGP has notified the Company that the $VXRUP stablecoin issuance is the foundation of their liquidity framework, and a significant step towards the completion of the transaction and execution of the Company's digital asset strategy.

Further details are provided on the newsroom of QGP's website at https://qgphotonics.com/newsroom

In the meantime, the Company continues to hold the tokens under the original agreement announced on 29 January 2026 being the 20,000 QMTN2601001 medium term notes at a value of $10,000 per token. The valuation of tokens is inherently uncertain, and investors are reminded to read the important notices section of this announcement and future announcements before making an investment decision.

Further updates will be made as required.

James Bannon, Chair of Valereum Plc, commented:

"To coin a phrase, Rome wasn't built in a day. This has been a highly complex undertaking and is, for QGP, already 3 years in the making. We are in the final stages of building something groundbreaking that will put Valereum at the forefront of securitised digital banking. The Board remains committed to ensuring institutional-grade liquidity, and moving to completion with the crucial legitimacy in place."

Gary Cottle, Group CEO, adds:

"While this has taken longer than anticipated, we are hopeful the end result is significantly improved than when we first set out our roadmap."

Pieter Scholtz, Managing Director of QGP-SPC, commented:

"This is the moment we move from preparation to execution. The pieces are assembled. The infrastructure is operational. The pathway to liquidity is clear. QGP is proud to contribute its assets and expertise to this partnership - real assets and real infrastructure."

For further information, please contact:

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

Please visit the Company's website at www.vlrm.com

For more information, and the chance to have your questions directly answered by the management team, please head to our interactive investor hub via: Investor Hub.

IMPORTANT NOTICES

The Company holds cryptocurrencies or crypto assets in its treasury. Whilst the Board of Directors of the Company considers holding cryptocurrencies 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 cryptocurrencies to be high risk. At the outset, it is important to note that an investment in the Company is not an investment in cryptocurrencies, either directly or by proxy and shareholders will have no direct access to the Company's holdings. However, the Board of Directors consider cryptocurrencies to be an appropriate store of value and potential growth and therefore appropriate for the Company. Accordingly, the Company is and intends to continue to be materially exposed to cryptocurrencies.

The Company is neither authorised nor regulated by the FCA, and the purchase of certain cryptocurrencies are generally unregulated in the UK. As with most other investments, the value of cryptocurrencies can go down as well as up, and therefore the value of the Company's cryptocurrencies holdings can fluctuate. The Company may not be able to realise its cryptocurrencies holdings for the same as it paid to acquire them or even for the value the Company currently ascribes to its cryptocurrencies 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.

Cryptocurrencies may present special risks to the Company's financial position. These risks include (but are not limited to): (i) the value of cryptocurrencies can be highly volatile, with value dropping as quickly as it can rise. Investors in cryptocurrencies must be prepared to lose all money invested in cryptocurrencies; (ii) the cryptocurrencies 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 cryptocurrencies at will. The ability to sell cryptocurrencies 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 commingling of funds could cause unwanted delay; and (iv) crypto assets are characterised in some quarters by high degrees of fraud, money laundering and financial crime. Prospective investors in the Company are encouraged to do their own research before investing.

The Company also holds digital tokens as part of its strategy to become the global market leader in the rapidly developing tokenised digital markets sector. Whilst the Board of Directors of the Company considers holding tokens to be in the best interests of the Company, it is important to note that an investment in the Company is not a direct or indirect ownership interest, security, or claim in respect of any underlying asset or reserve to which a token may relate. The valuation of tokens, particularly those linked to mining reserves or other physical assets, is inherently uncertain and may depend on independent third-party verification. Further risks include the liquidity of the tokenised markets, reliance on the security and continued operation of underlying blockchain or smart contract infrastructure, counterparty and custody risk in respect of third party platforms, the risk of misrepresentation or fraud regarding underlying reserves, and evolving regulatory, tax, and accounting treatment. It should not be assumed that tokens carry rights or protections to traditional securities or regulated investment products and investors are encouraged to conduct their own due diligence on the Company's exposure to tokenised assets before making any investment decision.