Completion of investment in Northcoders Group plc

27 July 2021

Vela Technologies plc

("Vela" or "the Company")

Completion of investment in Northcoders Group plc

Further to its announcement on 22 July 2021, the Board of Vela (AIM: VELA) is pleased to note the admission of the enlarged share capital of Northcoders Group plc ("Northcoders") to trade on the AIM market of the London Stock Exchange ("Admission") earlier today.

Following Admission, Vela's investment of £750,000 in Northcoders has completed and Vela holds 6.0 per cent. of the issued share capital of Northcoders.   

Further details on Northcoders are contained in Vela's announcement dated 22 July 2021, and in Northcoders' prospectus which is available at www.northcodersgroup.com.

For further information, please contact:

About Vela Technologies   

Vela Technologies (AIM: VELA) is an investing company focused on early stage and pre-IPO long term disruptive technology investments. Vela's investee companies have either developed ways of utilising technology or are developing technology with a view to disrupting the businesses or sector in which they operate. Vela Technologies will also invest in listed companies where valuations may offer additional opportunities.