Placing, Conversions, Warrants & Business Update

27 January 2021

Catenae Innovation PLC

("Catenae", or the "Company")

Placing and Conversions, Issue of Warrants and Business Update

Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, announces that, conditional on admission to AIM, it has issued 52,400,000 new ordinary shares in relation to:

(1) the placing of 50,000,000 new ordinary shares raising £1,000,000 ("Placing" or "Placing Shares");

(2) the conversion of £13,000 of remuneration liabilities to certain directors into 650,000 new ordinary shares; and

(3) the settlement of other current liabilities of the Company amounting to £35,000 into 1,750,000 new ordinary shares (together with (2), the "Conversions" or "Conversion Shares").

The Placing and the Conversion have been issued at a price of 2.0 pence per share ("Issue Price").

The Placing, which was oversubscribed, has been conducted through Brandon Hill Capital Limited, the Company's broker. As part of its remuneration, Brandon Hill Capital Limited will receive a warrant over 750,000 new ordinary shares in the Company which may be exercised at a price of 3.0 pence per share at any time up to three years following the date of Placing Shares and the Conversion Shares being admitted to trading on AIM ("Broker Warrants").

Issue of Warrants

The holders of the Placing Shares and Conversion Shares will receive a warrant ("Warrant") to subscribe for a further 1 new ordinary share in the Company for each 2 Placing Shares or Conversion Shares held, which may be exercised at a price of 3.0 pence per share at any time up to two years following the date the Placing Shares and the Conversion Shares are admitted to trading on AIM.

In aggregate, warrants over 26,200,000 new ordinary shares compromising Warrants and Broker Warrants will be issued, conditional on admission of the Placing Shares and the Conversion Shares being admitted to trading on AIM.

Conversion

Details of the Conversion in relation to the directors are set out in the table below:

Use of proceeds

The net proceeds of the Placing will enable the Company to enhance its proprietary technology capabilities, build upon its business development strategy and for general working capital purposes.

Business Update

The Company's Covid-19 testing platform, in which it securely records and feeds results into Public Health England's database for use by the NHS' Test and Trace service, continues to be deployed by companies across a range of sectors, and has recently been implemented by:

·    The pharmacy sector with 18 pharmacies;

·    A festive season outdoor event (as announced on 15 December 2020);

·    A major UK mobile operator; and

·    Badminton England (as announced on 15 December 2020)

Catenae is pleased also to announce that, further to an extensive review of the Company's organisational and security processes, the Company was awarded ISO 27001 following an audit on behalf of the International Standards Organisation (ISO). The Company was also awarded a Cyber Essentials accreditation. The Cyber Essentials scheme is operated on behalf of the National Cyber Security Centre (NCSC).

Both accreditations are important to the Company given that they are a procurement requirement in many business and organisations.

Admission

Application will be made to the London Stock Exchange to admit 52,400,000 new ordinary shares to trading on AIM.  Admission of the 52,400,000 new ordinary shares is expected to occur on or around 3 February 2021 ("Admission").  The new ordinary shares will rank pari passu with the existing ordinary shares.

Total Voting Rights

For the purpose of the Disclosure and Transparency Rules, following the issue of shares detailed above, the enlarged issued share capital of the Company will comprise 273,491,508 ordinary shares of 0.2 pence each.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

Guy Meyer, Chief Executive Officer, Catenae, said: "We are pleased to have been able to raise capital, which will allow us to accelerate the execution of our growth strategy both through our joint venture, Synovate Global Limited, and independently as Catenae.

"The ISO 27001 and Cyber Essentials accreditations demonstrate the Company's commitment to ensuring data protection and GDPR compliance in today's world where customers place increasing importance on being able to trust their service providers. These accreditations sit well within our blockchain ecosystem and further differentiate us from our competitors.

"The Company has a growing pipeline of opportunities ahead and looks forward to updating the market further in due course."

-Ends-

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged for release of this announcement on behalf of the Company was Guy Meyer, Chief Executive Officer of the Company and the Directors of the Company accept responsibility for the content of this announcement.

For further information please contact:

Notes to Editors:

About Catenae Innovation PLC

Catenae Innovation is an AIM quoted provider of digital media and technology services. Catenae use the power of blockchain to deliver solutions where its people-centric technology enables trust and certainty allowing organisations to gain better control over their operations, manage staff and safely welcome customers.

www.catenaeinnovation.com

About Synovate Global Ltd

Synovate Global delivers cutting edge medical products supported by clinical and occupational health services underpinned by undisputed blockchain technology to enable you to mitigate risk and proactively manage your populations' health status.

https://www.synovateglobal.com

About ISO 27001

ISO/IEC 27001:2013 specifies the requirements for establishing, implementing, maintaining and continually improving an information security management system within the context of the organisation. It also includes requirements for the assessment and treatment of information security risks tailored to the needs of the organisation.

https://www.iso.org/isoiec-27001-information-security.html

About The National Cyber Security Centre

Launched in October 2016, the NCSC has headquarters in London and brings together expertise from CESG (the information assurance arm of GCHQ), the Centre for Cyber Assessment, CERT-UK, and the Centre for Protection of National Infrastructure.

The NCSC provides a single point of contact for SMEs, larger organisations, government agencies, the general public and departments. They also work collaboratively with other law enforcement, defence, the UK's intelligence and security agencies and international partners.

https://www.ncsc.gov.uk