SEEEN: Placing and Subscription

Placing & Subscription

- Placing & Subscription to raise £763,000 via:

- Placing of 18,666,662 new Ordinary Shares

- Subscription for 6,766,664 new Ordinary Shares

Both with associated Warrants

- Directors will not receive warrants

- At 3p per new Ordinary share

- Discount of <8% to prev. mid-price

Conditional Convertible

Loan Notes

- Conditionally raised £315,250 (gross) by way of Conditional Convertible Loan Notes

- Subscribed by Gresham House Management Ltd

- The Conditional CLNs are expected to have a conversion price of 3p per Ordinary Share and

Accrue interest at 10% per annum

Use of Funds

- Support accelerating sales:

- From new and existing customers

- Drive cross-selling

- Strengthen key vertical markets

- Develop Training & Skills solutions

- Integrations with Salesforce LMS

- Further develop and protect IP

"I am grateful to our existing and new investors who have supported the Group since its admission to AIM and this fundraise. We are committed to capitalising on the customer momentum that we have generated since our last fundraising in December 2022, especially since the release of CreatorSuite 2.0 in the middle of 2023. Today's announcement that we have secured in excess of $500,000 in additional annualised revenue for the Group this quarter reinforces our continued momentum and we anticipate further growth in our existing video commerce, SEO and social media markets...

In addition, we are also launching a new product for skills and training, which we have been developing within American Leak Detection's Salesforce Learning Management System. We are excited about the growth opportunity in this market as companies seek more efficient methods to re-skill and train staff.

We will continue to execute against our plan following this fundraising, including closing deals in our sales pipeline and entering into new re-selling agreements as we expect to move to cash flow breakeven during 2024 and deliver a valuable video technology platform for all our shareholders."

Adrian Hargrave, CEO, SEEEN