ASLR.L Regulatory News (ASLR)

12 March 2020

Asimilar Group plc

("Asimilar" or the "Company")

Further re Placing announced 8 January 2020

Asimilar Group plc, the AIM quoted investment company focused on technology opportunities in the fields of big data, machine learning, telematics and the Internet of Things (IoT), announces that, due to the continued suspension of trading in the Company's shares and further to the announcement made by the Company on 8 January 2020, it has agreed with the participants in Tranche 2 of the placing ("T2 Placees") that they will surrender their subscription rights in the Company.

Together the T2 Placees had agreed to subscribe for 7,000,000 Ordinary Shares in the Company at a price of 40 pence per Ordinary Share for a total consideration of £2.8 million, payable on admission of such shares to trading on AIM, which was expected to occur on or around 13 March 2020.

In addition the T2 Placees were to be issued a warrant for every Ordinary Share subscribed, exercisable at 130 pence per Ordinary Share from the date of issue up to 31 December 2021 with an accelerated exercise provision in the event that the mid-market price for Asimilar's Ordinary Shares reached 280 pence per Ordinary Share for 5 consecutive business days ("Placing Warrants"). These Placing Warrants will no longer be issued.

In consideration for the surrender of their rights in conjunction with today's £7.5 million conditional placing at 60 pence per Ordinary Share, the Company has agreed to issue to the T2 Placees 3,500,000 new warrants exercisable at 60 pence per ordinary share which may be exercised at any time until 31 December 2020 on the basis of one New Warrant for every two subscription rights surrendered.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

**ENDS**

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