Member Info for NUG1

Good afternoon, ladies & gentlemen (fellow shareholders / owners).

It has come to my attention that there is considerable speculation concerning my position and intention on this posting board. I therefore feel somewhat obliged to clarify the situation, as it is evident that there are some amongst us that make inaccurate, false, and misleading statements for whatever reason, causing fake news to be circulated that is not only detrimental to the company but to all shareholders alike.

My commitment is to the long-term success of the company and to you all, fellow shareholders, who have a vested interest in its ultimate success. I am not a short-term CGT chaser or looking to make a quick buck or indeed take over the company. The success of Genedrive is paramount, as it provides advantageous state of the art solutions for people who need fast, accurate results at the POC while simultaneously saving our beloved NHS substantial sums every year, once implemented. It is a win-win scenario for all, that is very rarely seen. What is there not to like?

Actions speak louder than words and I sincerely trust that my intervention provides you peace of mind that I will never allow such blatant historic manipulation to happen again to the detriment of shareholders, as what was experienced last year with the fund raise that we cancelled. Today Genedrive has never been in a better position.

You have all been more than patient and deserve to have the results you have been looking for. The underlying fundamentals of the company are now extremely robust.

I confirm once again I have no intention of a takeover and will also defend against one.

Thank you for your time.

David Nugent.

Good afternoon.

I would like to take this opportunity to inform everyone of my voting intention, at the upcoming AGM. I will be voting in favour to pass all resolutions.

Cheers,

David Nugent.

Hello all,

As most will be aware myself and team have been constantly working closely with the Board, so I am currently restricted in what I can say. However, I can confirm that I am well and extremely happy. I will be voting in favour of all resolutions at the AGM.

Wishing you all a very merry Christmas and a PROSPEROUS new year.

David.

Post 3 of 3

It is concerning that the BOD has been working on fund raising options for several months as stated in their unsigned RNS ( this also very unusual- perhaps concerned if I wanted to take the person that had signed it to task with its content). That means they were likely looking for this fund raise before the last one had been completed ? Why didn’t they then raise when the share price was closer to 1.5p and get it away at a sensible discount say 1.2p very weird and poorly managed - not sure who’s idea it was to wait?

Perhaps they will say they had expected NHS England would be signing very soon - I do remember watching Gino’s presentation back in May and saying “any day now”. So has something materially changed and we have not been told!

So I completely understand that some of you have doubt about me and if allowed only time will tell

I can confirm my intension is to make sure the our company survives and get to profitability and WITHOUT the proposed massive dilution at an unbelievable percentage discount to where we were. Some of you that watch this daily will recall we had been at .50p for weeks and then I declared for the first time and we actually got to .70-.75p that day and then the bomb shell of the massive dilution raise hit us and down we went to .22-.24 where we are now.

Going forward I am happy to say that change will happen with the running of the company and a company for the benefit of the shareholders , staff and customers together for their patients whom need our tests!!

I would propose a new CEO with the skill set to run the company in order for to ask Gino to excel in what he does best around research and development since pharmagenomic diagnostic’s is only getting started and will change medical diagnostics for the future

To resurrect a funding grant that had been offered to the company but declined for no apparent reason (not from me I hasten to add)

Seek / secure new funding but by allowing our shareholders first refusal since it is evident that from the retail offering there was huge demand that had to be scaled back massively for existing LTHs with only a small amount offered to them - even though it was increased slightly.

More transparity and accountability of the Board

For the BOD to engage with (as it promised after last years AGM) with shareholders and not to ignore them or right them off!

I will state again, It is not down to me to fund this company in return for a board seat, I have never asked or agreed to this. I have asked for a board seat and in return I have offered adding value and also as stated many times " Propose the possibility of alternative funding" I cant make that clear enough ! As I do not do ultimatum’s.

IMHO, David.

Post 2 of 3

Now I know there are a lot of new posters to the board which of course is welcome and good to see. I assume a lot of these are perhaps our new share holders that have joined as shareholders through the recent 400m raise or Allenby Capital clients. They will I am sure be looking to benefit from GDRs future success and have joined at the lowest share price point which is fabulous for them. I am sure they will want the opportunity of further .2p shares with the next raise as well as the warrants since they have already been able to apply when the rest of us couldn’t properly or to the same magnitude

- I did not at any time say that I did not wish to participate in any fund raise but with effectively less than 30mins from the call I had with Allenby Capital to then finding out that the book build for the 400m and the 1.2bn had closed, so was not ever possible from when they engaged with me - which I do believe was the outcome they wanted.

- ⁠They have never shown any true respect of the fact that I am the only Major shareholder that has also complete belief in its tests and future. As I mentioned the first time I was declared at 10%, they delayed discussions with all sorts of tactics with the knowledge that I would be diluted. Then now back to 10% the board decide to attack my reasons for a seat request and basically have suggested that if I provide the funds I can have a seat - but who of you would do that without trying to understand what’s under the bonnet and which has not been forthcoming.

With a lot of the new posters and some of the older LTHs and even the BOD there has been calls for me to prove what finance options I bring to the company. It is not for me to finance the company or make suggestions on how I might / could / would be able to help - that is the Boards role.

I do believe that the financial running of the company has been very poor at best, perhaps even orchestrated and designed to fail, or to get us to where we are with being told this is the best option available to the shareholders. With this statement also saying we have made some cuts but that we had wanted to scale up our expenditure (to £650k pm) but have not done that currently. I am sure with all the funds they are hoping to receive they will be able to scale up the expenditure but without any cast iron guarantees of achieving EBITA positive. But they do know that if they miss the new proposed / delayed cash positive timeline they can simply raise again or perhaps something worse

Dear All,

Post 1 of 3

As mentioned I am away currently in different time zone so there is a delay in replying. I have read with interest this board over the last couple of days regarding the BODs attempt to cast doubt or discredit me in my intentions and as already put out with half truths and manipulation of the facts. Obviously we all have the right to vote how we wish and as stated I will be voting NO to all the forth coming resolutions for several reasons

- it’s not right that LTH are going to be diluted by several raises which in total when the BOD issue a follow on raise that is effectively resolutions 3 and 4 and is an amount of 520m shares at the BODs choosing (a bit of these only 20m ie 2% will be offerred to exists shareholders which doesn’t mean current LTHs, since by the time these are issued then all the new shareholders will be shareholders! After all these are issued we will be at circa 4.8bn shares in total IMHO

The Board in my opinion

- has not focused on delivering results as it’s been evident of timelines constantly being missed and delayed - some of which I have some sympathy with but it is the BODs responsibility to run the company and make sure it survives to profitability and not simply as it has been advised or led to raise more and more money from shareholders

- Why should the Board now be able to fully load up with a total of circa 85m shares /warrants at the lowest price in the companies history - and I suspect IMHO again that this is the so called salary deferral of 10% which enables them to buy the shares without finding new money like the rest of us!

- ⁠Gino as I have stated and believe has with his team done an excellent job as Chief scientific Officer but shouldn’t have been set up to fail as a CEO and be allowed to detract from his true expertise.

Hi All.

Ref the RNS.

I am not going to start slinging mud as I am better than that and I do not want to damage the company.

However a few points for clarity. I was a 10% shareholder as of 22nd of September and a TR1 was made public on the 23rd September. I again became a 10% shareholder on the 2nd October after I was diluted. Funnily enough when I sent Gino the TR1 he aknowledged he still owes me answers to questions I asked previously and he will see to it (opening dialogue again as I was a 10% holder AGAIN).

After posting on here late last week, I was again contacted with answers to many questions I had asked for, pre the last AGM meeting (fund raise) and also Confidentiality forms for me to sign to obtain further infomation (insider). I would like to make it clear, I responded saying No Need to bring me in on the inside and I do not need the info as again I knew this was a gagging order and delaying tactic like the previous time. I responded again and asked for a simple YES or NO answer about a board seat. I still have not been given a direct answer.

Ref " David Nugent was wall-crossed prior to the Equity Financing being announced yet declined to participate" This is very untruthful as I did not decline at all. I was offered a POSSIBILITY of shares by phone, after the call RNS came out that the raise was complete and subsequently was told those shares went to someone else and no shares left ! Most that has been said is incorrect and has been massaged for the purpose to damge my credibility and prevent shareholders from voting down the placings.

Last of all the RNS statement was from who exactly ? funny how no one put their name to it ? so no physical person could be held responsible !

I would also like to make clear that I am still a strong supporter of this company and members of the board but change is needed.

Hello All,

To answer a comment on here ref plans. I am voting No. What everyone else does is obviously at their discretion. To confirm,I will always act in the best interests of the long term shareholders, as I am a major one, any plans that I may have depend on the AGM vote and what the board will do there after.

For obvious reasons I will keep them private for now. With the rumours of the company being taken private, I would just like to say that I have no intentions to do this, although I have had/got concerns there might be plans from others to do this ? But it is only a feeling. No matter which way the vote goes, it is down to the Board to do what they have too, as they run the company how they see fit. But I will not stand by and get bent over, along with every other LTH, so they can keep taking a salary and load up on shares with warrants at our expense.

I am not buying into this conspiricy theory although it is very possible, for me it is a case of not very forward thinking and nievety/ineptitude in carrying the company forward. Cheek would have been the perfect candidate for where we are now as i thought he had the drive and the accumen to plan and execute but with his rant regarding the NHS imo he had to go , if that was the reason. It would be interesting to know if David Nugents financial offer ws put to the BOD officially and if so what was it and why was it rejected. I hate the thought of being diluted even more but the thought of not having the chance of getting the tests to market properly and being able to recoup my losses will be worse.

I never made a firm offer to the board over “possible alternative financing” as they never offered me a board position for my 10% holding. It has become apparent that they would only talk about a board seat if I funded the company first.

Part 2 of 2

I had hopped to encourage the board to rethink and change course going forward having been in contact with the company over the last month or so. I have publicly mentioned previously that as a 10% owner of the company, I have requested a Board seat, as I believe I can contribute significantly to the company and have even expressed the possibility of alternative finance. I was sent Board seat vetting forms to fill out and have never heard back reference a simple decision on this. I now believe with recent communications with the company, it indicates that no Board seat will be offered to me, unless I fund the company. There is something going on behind the scenes, as I have been played like a fiddle from before the last AGM.

The Board knew that as soon as the 400m shares were in place my holding would be under the 10% (major shareholder threshold), so they would not have to comply. I decided to increase again to 10% and suddenly Gino wants to open up dialogue again. Yesterday I asked for a straight ‘yes’ or ‘no’ answer for a Board seat. The reply was again a load of mumbo jumbo without answering my question. I have now lost all faith in how the company is being run and will vote against all resolutions at the AGM to protect my holding and that of all other long term holders. Change is needed.

I am sorry for delays in my communication, as I am travelling at present but will post further over the next day or so when time permits.

Dear All,

Part 1 of 2.

As promised, here is my thoughts of how we have got here, what has been achieved and the potential future.

I have been an investor since 2020, often taking part in various fund raises, during that time (been 4) and also experienced the Riverfort debacle. To date the company has raised just over £50m from mainly their loyal and trusting shareholders, primarily PI’s from which they have developed, tested, improved and brought to market, currently two world class tests to meet a virtually unmet market helping human beings in the future.

It is this human benefit that draw me to this company in the first place! Let alone in these difficult times of funding in health authorities, the proven cost savings to health authorities with follow up treatments to patients that is also a major financial benefit to society going forward.

I am therefore extremely disappointed to see what is now being proposed, which I believe along with others is at the complete destruction and expense of the loyal LTH’s with this gigantic dilution of our share capital and sadly (as I have confirmed) virtually impossible for existing shareholders to have participated.

Once again for clarity since there has been some incorrect comments regarding my share position. At the last AGM I owned just over 10%, as declared. Then with the 400m new placing I was diluted to just over 6% and as per my latest TR1 have declared a total holding currently of 10.1%. I have NOT been able to participate, as stated by me previously, in any of the new proposed placings (retail, conditional at 0.002p and warrants attached at 0.004p). My increased holding has been purchased this week at higher levels than 0.002p. I have done this since I do believe in our companies products wholeheartedly but the running and structure does not seem to be working and changes required in order for the company to flourish and grow in the future. I do believe that Gino and his team of scientists have done an excellent job to get the products to where they are at - but sadly the N.H.S, NICE and others, the take up has been slow.

However the B.O.D has the responsibility to make sure of its survival and acting accordingly to protect the company and its shareholders, the later of which is not going to happen with the proposed vote at the next meeting. I cannot see how injecting new shareholders and at the lowest of prices that we have ever seen in our company, helps serve or protect our shareholders and company, at the same time that the Board are so confident to then be loading up with just over 42.5 million new shares plus warrants attached on these that we as current shareholders have been very limited to participate in.

Good evening, all.

I will post a full statement in the next 24hours, as I am currently travelling but I am not happy how existing shareholders have been treated with this proposed fund raise - it’s not right or fair!

Good evening, all.

I am aware that there has been discussions resulting in various assumptions, that I wish to clarify.

As a major shareholder, I would have welcomed to have been part of the 400m placing but I was only read into discussions at the eleventh hour. It quickly became evident however that the 400m placing had already been fully subscribed through Allenby Capital clients, I assume. I have not invested in either, the retail offer or the conditional offer (1.2 bn shares). The reason for this being that my two brokers were not eligible to apply for shares in the retail offer. Regarding the conditional offer, disappointingly this was also fully subscribed.

Good afternoon, all.

To answer about my intentions, I am a long term holder.

I truly believe in the product and can see GDR becoming a very viable company / investment for all.

I have been in touch with the Board over the last week or so and informed them that I have a lot to contribute including the possibility of alternative finance to prevent the possible share reorganisation and placing. I have requested a Board seat but have not received an answer, as yet.

Good Morning All.

Just quickly introducing myself, as I noticed some confusion and comments concerning my holdings over the past few days. So that there is no ambiguity I can confirm that I hold just over 10% of the share capital in GDR. Thank you. David.