Iq-ai Ltd Regulatory News (IQAI)

IQ-AI Limited

("IQ-AI" or the "Company")

Result of Broker Option and Total Voting Rights

IQAI Limited (the "Company" or "IQAI"), is pleased to announce the result of the Broker Option that was announced on 22 February 2024 alongside a £300,000 placing.

The Company's broker, Peterhouse Capital Limited ("Peterhouse"), has informed the Company that it has exercised its Broker Option in respect of 4,733,333 new ordinary shares of £0.01 each in the Company ("Ordinary Shares") (together the "Broker Option Shares").

The Broker Option Shares will be issued at £0.015 per new Ordinary Share (the "Issue Price"), resulting in gross proceeds of £71,000 being raised. Related to this and as announced on 22 February 2024, £300,000 has been raised by the Company through the issue of 20,000,000 new Ordinary Shares (the "Placing Shares") at the Issue Price (the "Placing" and together with the Broker Option, the "Fundraise"). This brings the total amount raised under the Fundraise to £371,000 (before expenses).

Admission to trading

An application will be made for the 20,000,000 Placing Shares and the 4,733,333 Broker Option Shares to the Official List of the UK Listing Authority by way of a Standard Listing ("Admission") and it is expected that Admission will become effective and that dealing in the Placing Shares and the Broker Option Shares will commence on or around 8am on or around 1 March 2024. The Placing Shares and Broker Option Shares will rank pari passu with the Company's existing Ordinary Shares.

Total voting rights

Following Admission, the Company's enlarged issued share capital will be 221,709,789 Ordinary Shares. The Company holds no Ordinary Shares in Treasury. This figure of 221,709,789 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Directors of the Company accept responsibility for the contents of this announcement.

**ENDS**

 For further information please contact:

IQ-AI Limited

Trevor Brown/Brett Skelly/Vinod Kaushal

Tel: 020 7469 0930

Peterhouse Capital Limited (Financial Adviser and Broker)

Lucy Williams/Heena Karani

Tel: 020 7220 9797