Aiq Limited Regulatory News (AIQ)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

This announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of AIQ Limited or other evaluation of any securities of AIQ Limited or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.

22 May 2018

AIQ LIMITED

("AIQ" or the "Company")

Posting of Open Offer Circular

AIQ, a special purpose acquisition company formed to undertake one or more acquisitions of a company or business in the e-commerce sector, is pleased to announce that, further to its announcement of 13 April 2018, it has today posted a circular (the "Circular") to Qualifying Shareholders regarding an Open Offer of approximately £250,000. The Circular will also be made available today on the Company's website at http://www.aiqhub.com.

All capitalised terms in this announcement have the same meanings as those given to them in the Circular, unless the context otherwise requires.

The Open Offer is being made to Qualifying Shareholders on the register as at the Record Date of close of business on 21 May 2018, for up to 1,264,375 Open Offer Shares at 20 pence per Open Offer Share (being the same price as the Issue Price for the Placing) on the basis of:

1 Open Offer Share for every 40 Existing Ordinary Shares

Qualifying Shareholders are also being given the opportunity, provided that they take up their Open Offer Entitlements in full, to apply for additional Open Offer Shares through an Excess Application Facility.

Full details of the Open Offer, including terms and conditions and details on how to accept the Open Offer, are set out in the Circular posted to Qualifying Shareholders today and available on the Company's website.

Application has been made for the Open Offer Shares to be admitted to trading on the Main Market of the London Stock Exchange ("Admission"), and it is expected that Admission will become effective and that dealings will commence in the Open Offer Shares at 8.00 a.m. on 13 June 2018.

Following the issue of the Open Offer Shares (assuming full take-up under the Open Offer), the enlarged ordinary share capital of the Company will be 51,839,375 Ordinary Shares.

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

Each of the dates in the above timetable is subject to change at the absolute discretion of the Company. If any of the details should change, where appropriate, the revised times and/or dates will be notified to Shareholders by means of an announcement through a Regulatory Information Service.

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