Cap-xx Regulatory News (CPX)

24 December 2019

CAP-XX Limited

("CAP-XX" or the "Company")

Result of Offer to Qualifying Participants

CAP-XX Limited, a world leader in the design and manufacture of thin, prismatic supercapacitors and energy management systems, announced on 29 November 2019 a fundraising that included an Offer to Qualifying Participants of up to 25,000,000 Offer Shares at an Issue Price of 3p per share.

CAP-XX announces that valid applications were received in respect of, in aggregate, 22,194,995 Offer Shares. Accordingly, the Offer to Qualifying Participants has raised total gross proceeds of approximately £0.67 million.

The Offer to Qualifying Participants was in addition to a Placing and a Subscription, also announced on 29 November 2019, which conditionally raised a total of approximately £2.75 million (before expenses).

Anthony Kongats, Chief Executive of CAP-XX, commented:

"We are delighted with the result of the Offer to Qualifying Participants and wish to thank our shareholders for their support of CAP-XX's strategy."

The Offer to Qualifying Participants, together with the Placing and the Subscription, are subject, inter alia, to the approval of Shareholders at a General Meeting to be held at the offices of CAP-XX, Units 9/12 Mars Road, Lane Cove, Australia at 6:00 p.m. AEDT (being 7.00 a.m. GMT) on 30 December 2019.

Application has been made to the London Stock Exchange for the New Ordinary Shares to be issued in relation to the Offer to Qualifying Participants, the Placing and the Subscription to be admitted to trading on AIM. It is expected that, subject to passing the Resolution at the General Meeting and the Placing and Offer to Qualifying Participants becoming unconditional in all respects (save for Admission), Admission will become effective, and dealings in the New Ordinary Shares will commence, at 8:00 a.m. GMT on 3 January 2020. Following Admission, the total number of Ordinary Shares and voting rights in the Company will be 438,376,437.

Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the announcement issued by the Company on 29 November 2019 unless otherwise defined herein.

For further information contact:

Anthony Kongats (Chief Executive Officer) +61 (0) 2 9428 0139

Allenby Capital (Nominated Adviser and Broker)

David Hart / Alex Brearley +44 (0) 20 3328 5656

Kreab (Financial PR)

Robert Speed +44 (0) 20 7074 1800

More information is available at www.cap-xx.com

Notes to Editors:

CAP-XX (LSE: CPX) is a world leader in the design and manufacture of thin, prismatic supercapacitors and energy management systems used in portable and small-scale electronic devices, and to an increasing extent, in larger applications such as automotive and renewable energy. The unique feature of CAP-XX supercapacitors is their very high power density and high energy storage capacity in a space-efficient prismatic package. These attributes are essential in power-hungry consumer and industrial electronics, and deliver similar benefits in automotive and other transportation applications. For more information about CAP-XX, visit www.cap-xx.com

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