Enteq Tech Regulatory News (NTQ)

30 April 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 (AS AMENDED) AS IT FORMS PART OF THE DOMESTIC LAW OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED) ("MAR"). WITH THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Enteq Technologies plc

("Enteq" or the "Company")

Appointment of Administrators

and

Resignation of Nominated Adviser

Enteq Technologies plc (AIM: NTQ.L) provides the following update further to its announcement of 25 April 2025. Enteq continues to require funding however the Board now no longer considers that suitable funding can realistically be raised. The Board has continued to seek advice on its appropriate next steps, and regrettably has concluded that, after detailed consideration of the Company's current financial situation, it will not be able to meet its liabilities as they fall due and is therefore required to take the necessary steps to seek to preserve value for creditors. The Board has consequently resolved to appoint Managing Directors from Alvarez & Marsal Europe LLP as administrators to the Company. It is anticipated that the administrators will be appointed during the course of today or tomorrow.

Suspension of Trading on AIM

In light of the above, the Board announces that it has requested a suspension of trading in the Company's ordinary shares on AIM with effect from 07:30 a.m. today (the "Suspension").

Resignation of Nominated Adviser

Consequently, Cavendish Capital Markets Limited has informed the Company of its intention to resign as Nominated Adviser and Broker to the Company with immediate effect following Suspension. Pursuant to AIM Rule 1, if a replacement Nominated Adviser is not appointed within one month of today's date, the admission of the Company's ordinary shares to trading on AIM will be cancelled. The Company has no current intention of appointing a replacement Nominated Adviser.

For further information, please contact:

Enteq Technologies plc +44 (0)20 8087 2202

www.enteq.com

Andrew Law, Chief Executive Officer

Cavendish Capital Markets Limited (NOMAD and Broker) +44 (0)20 7220 0500

Ed Frisby, George Lawson (Corporate Finance)

Andrew Burdis (ECM)

This announcement has been issued by, and is the sole responsibility of, Enteq.

This announcement contains inside information as defined under MAR. The person responsible for arranging the release of this announcement on behalf of Enteq is Andrew Law (CEO).