MyHealthChecked plc signs major contract

Mercia Asset Management PLC

("Mercia" the "Company" or the "Group")

MyHealthChecked plc signs major contract

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£872million of assets under management, notes today's announcement by its AIM quoted direct investment portfolio company MyHealthChecked plc (AIM: MHC), that is has signed a significant commercial contract with Boots UK Limited, the health and beauty retailer and pharmacy group.

MyHealthChecked plc is a fast growing personalised healthcare company. It became a direct investment in 2016, and, as at 30 September 2020, Mercia's 14.6% beneficial stake was valued at £675,000 based upon the closing bid price of 0.8 pence per share. Mercia currently holds 101,992,932 shares in MyHealthChecked plc, representing a direct beneficial stake of 14.1%.

Mark Payton, Chief Executive Officer of Mercia, said: "We are pleased to note this significant commercial milestone for MyHealthChecked plc, which will enable it to provide its expanding product range of personalised healthcare products to a much larger number of customers."

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About Mercia Asset Management PLC:

Mercia is a proactive, specialist asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of balance sheet, venture, private equity and debt capital: the Group's 'Complete Connected Capital'. The Group initially nurtures businesses via its third-party funds under management, then over time Mercia can provide further funding to the most promising companies, by deploying direct investment follow-on capital from its own balance sheet.

The Group has a strong UK footprint through its regional offices, 19 university partnerships and extensive personal networks, providing it with access to high-quality deal flow. Mercia currently has c.£872million of assets under management and, since its IPO in December 2014, has invested c.£106million gross into its direct investment portfolio.

Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".