Share Listing Anouncement

Cambridge, UK - 28th October 2019

Following the receipt of Notice of Conversion of Loan Note on May 24th 2019, 8,716,512 ordinary shares of 0.1p each in the Company (the “Loan Note Shares”) have been issued to the Loan Note holder following exercise at the agreed price of 2.75p per share.

Application has been made to admit the Loan Note Shares to trading on the London Stock Exchange on 24 October 2019, and dealings in the Loan Note Shares are expected to commence on 29 October 2019. The Company’s announcement on this matter on 24 May 2019 refers to the issue of equity referred to above.

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