Shuttle Commander launch on PC VR platforms

VR Education Holdings plc

('VR Education' or the 'Group')

Shuttle Commander launch on PC VR platforms

VR Education Holdings plc (AIM: VRE; Euronext Growth: 6VR), a leading virtual reality ('VR') technology company in the education, communication and virtual events space, announces, further to the announcement of 24 September 2020, that the Group's showcase experience, Shuttle Commander, will be released on 30 November 2020 at 6pm CET for all PC based VR platforms including the popular Oculus Rift, Valve Index, Windows Mixed Reality and HTC Vive devices.

Shuttle Commander allows users to take part in the Hubble space telescope missions first hand with accurate recreations of the space missions, landing missions and science missions of the world's most famous space telescope.  Shuttle Commander is the natural follow up to the Group's popular Apollo 11 VR experience, which has generated just under €2.0 million of revenues to date and continues to sell, three years after its initial release. The Group anticipates that Shuttle Commander will appeal to a broader user base, as it is closer to a videogame with user interaction and gameplay, whereas Apollo 11 is a purely cinematic and passive experience.

For further information and details of how to download the experience on or after 30 November 2020, visit: https://store.steampowered.com/app/1192420/Shuttle_Commander

David Whelan, CEO of VR Education, said: "We are delighted to announce the release on 30 November 2020 of Shuttle Commander for PC VR users as this is the definitive version of the educational game and something we hope will prove just as popular as our previous space title Apollo 11."

"Not only will it be fun to play for casual users, it also provides an accurate physics-based simulation of the universe for players to explore and a difficult Shuttle landing challenge which should bring players back again and again."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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Notes to Editors

VR Education is (AIM: VRE; Euronext Growth: 6VR) is a leading virtual reality ('VR') technology company focused on becoming the world's largest crossed reality ('XR') communications, training and virtual events platform provider. The Irish based Group's core focus is the commercialisation of its online virtual communications platform called ENGAGE, which provides a platform for creating, sharing and delivering proprietary and third-party XR content in education, training and online events.

On 12 March 2018, VR Education listed on the AIM market of the London Stock Exchange and on the Enterprise Securities Market, a market regulated by Euronext Dublin.  For further information, please visit www.vreducationholdings.com.

Forward-Looking Statements

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Group's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Group's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.

The Group cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Group only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Group will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.