SuperSeed Capital Ld - Issuance of warrants and extension of CLNs

SUPERSEED CAPITAL LIMITED

("SuperSeed" or the "Company")

SuperSeed Capital Limited is a company established as a venture capital fund of funds for early-stage AI/SaaS companies. The Company invests in technology-led innovation, primarily through funds managed by SuperSeed Ventures LLP (the "Investment Manager"). The Company's principal investment to date is in SuperSeed II LP (the "Fund").

Issuance of Warrants to Broker to Aid Liquidity

Further to the announcement made on 23 June 2023, SuperSeed is pleased to announce the issuance of further investor warrants to its broker, VSA Capital plc ("VSA"), as a facility to aid liquidity in the market.

Under this arrangement, SuperSeed has authorized the issuance of 100,000 investor warrants to VSA at a price of £1.20 per warrant. The warrants will be exercisable for a period of 6-months from the date of issuance. The purpose of these warrants is to provide additional flexibility and liquidity to support the orderly trading of SuperSeed's shares. By issuing these warrants to VSA, SuperSeed aims to enhance market efficiency and improve the overall liquidity of its shares.

The Company hopes that this facility will enable a more active and liquid market for its securities, benefiting both existing shareholders and potential investors. SuperSeed remains committed to creating value for its shareholders and will continue to explore opportunities that enhance liquidity, improve market conditions, and support the growth and development of the Company.

Following the issuance of the Warrants, SuperSeed has a total of 100,000 warrants in issue, representing approximately 4.06% of the enlarged share capital assuming full exercise of all warrants.

Issuance of Convertible Loan Notes

Further to the announcement made on 16 September 2022, SuperSeed is pleased to announce it has extended the duration of the £1,000,000 loan facility, for the issue of convertible loan notes (the "Convertible Loan Notes") to the Investment Manager.

As and when issued in the future, the proceeds of the Convertible Loan Notes shall be used to fund the Company's short-term working capital and capital expenditure requirements.

The Convertible Loan Note instrument has been amended such that the latest date on which any Convertible Loan Notes in issue, together with accrued interest, will be redeemable has been extended from 14 September 2024 to  21 June 2026 (the "New Redemption Date"). The Convertible Loan Notes shall automatically convert, in part or in full, at any time from the date of issue until the New Redemption Date, into fully paid ordinary shares in the Company at a price of £1.30 per Share on written notice of the Noteholder.

Interest shall be payable on any outstanding Convertible Loan Notes at a rate expected to be 10% - 15% per annum (subject to changing market rates) calculated on the basis of a 365-day year and the actual number of days elapsed from the date of issue of the Convertible Loan Notes to the New Redemption Date.

The Investment Manager is a related party of the Company pursuant to the rules of the Aquis Stock Exchange. The independent directors of the Company, having exercised reasonable care, skill and diligence believe that the extension of the Convertible Loan Notes is fair and reasonable as far as the shareholders of the Company are concerned.

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