React Group Regulatory News (REAT)

Correction: Close of Bookbuild and Result of Placing

The Company advises of minor amendments to the Close of Bookbuild and Result of Placing announcement it released at 15:03 pm on 14 April 2022 (under RNS No. 4680I).

The Company has corrected the number of Placing Shares conditionally acquired by Octopus Investments Nominees Limited

All other details remain unchanged. The full amended version is below.

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE, TRANSMISSION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE, TRANSMISSION, DISTRIBUTION OR FORWARDING WOULD BE UNLAWFUL (OR TO ANY PERSONS IN ANY OF THOSE JURISDICTIONS). PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR").

REACT Group plc

("REACT" or the "Company")

Close of Bookbuild and Result of Placing

The Board of REACT (AIM: REAT), the leading specialist cleaning, hygiene and decontamination company, is pleased to announce that, further to the announcement made earlier today (the "Launch Announcement"), the Placing has now closed. Subject to completion, the Company has raised gross proceeds of approximately £5.5 million through the placing of 458,333,332 Placing Shares at the Issue Price of 1.2 pence per Placing Share.

The Placing Shares represent approximately 90.2 per cent. of the existing issued share capital of the Company.

The net proceeds receivable by the Company will be used, as set out in the Launch Announcement, to strengthen the balance sheet to support the Company's stated acquisition growth strategy and general working capital purposes.

Related Party Transactions

Octopus Investments Nominees Limited ("Octopus") and Helium Rising Stars ("Helium"), substantial shareholders in the Company (as defined in the AIM Rules), have conditionally acquired 77,916,667 and 20,833,333 Placing Shares respectively at the Issue Price. The participation of each of Octopus and Helium constitute related party transactions under rule 13 of the AIM Rules.

Accordingly, the Directors, consider, having consulted with Singer Capital Markets Advisory LLP, acting in its capacity as the Company's Nominated Adviser, that the terms of the participation of each of Octopus and Helium in the Placing are fair and reasonable insofar as the Company's Shareholders are concerned.

General Meeting

The Placing is conditional, inter alia, upon the approval of the Placing by Shareholders at a general meeting of the Company, which is expected to be convened for 12 noon on 5 May 2022.

The Circular is expected to be posted to Shareholders on or around 19 April 2022 and the Circular, once published, will be available on the Company's website at https://www.reactsc.co.uk/react-group-plc.

Admission, settlement and dealings

Application will be made to the London Stock Exchange for admission of the Placing Shares to trading on AIM and Admission is expected to take place at 8.00 a.m. on 6 May 2022. Immediately following Admission, the Enlarged Share Capital is expected to comprise 966,339,358 Ordinary Shares. Each Ordinary Share has one voting right. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 966,339,358.

This figure 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 to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used in this announcement (this "Announcement") have the meanings given to them in the Launch Announcement, unless the context provides otherwise.

This Announcement should be read in its entirety. In particular, you should read and understand the information provided in the "Important Notices" section of this Announcement.

For further information:

IMPORTANT NOTICES

Neither this Announcement, nor any copy of it, nor the information contained in it, is for publication, release, transmission, distribution or forwarding, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Japan or the Republic of South Africa or any other jurisdiction in which publication, release or distribution would be unlawful (or to any persons in any of those jurisdictions). This Announcement is for information purposes only and does not constitute an offer to sell or issue, or the solicitation of an offer to buy, acquire or subscribe for shares in the capital of the Company in the United States, Australia, Canada, Japan or the Republic of South Africa or any other state or jurisdiction in which the same would be unlawful (or to any persons in any of those jurisdictions). This Announcement has not been approved by the London Stock Exchange. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions.

This Announcement has been issued by, and is the sole responsibility of, the Company. No responsibility or liability is or will be accepted by, and no undertaking, representation or warranty or other assurance, express or implied, is or will be made or given by SCM, or by any of their respective partners, directors, officers, employees, advisers, consultants or affiliates as to, or in relation to, the accuracy, fairness or completeness of the information or opinions contained in this Announcement or any other written or oral information made available to or publicly available to any interested person or its advisers, and any liability therefore is expressly disclaimed. The information in this Announcement is subject to change.

SCM, which is authorised and regulated in the United Kingdom by the FCA is acting solely for the Company and no-one else in connection with the Placing and the transactions and arrangements described in this Announcement and will not regard any other person (whether or not a recipient of this Announcement) as a client in relation to the Placing or the transactions and arrangements described in this Announcement. SCM is not responsible to anyone other than the Company for providing the protections afforded to clients of SCM or for providing advice in connection with the contents of this Announcement, the Placing or the transactions and arrangements described herein.

Singer Capital Markets Advisory LLP ("SCM Advisory"), which is authorised and regulated in the United Kingdom by the FCA, is acting as nominated adviser to the Company for the purposes of the AIM Rules and no-one else in connection with the Placing and the transactions and arrangements described in this Announcement and will not be responsible to any other person (whether or not a recipient of this Announcement) as a client in relation to the Placing or the transactions and arrangements described in this Announcement. SCM Advisory is not responsible to anyone other than the Company for providing the protections afforded to clients of SCM Advisory or for providing advice in connection with the contents of this Announcement, the Placing or the transactions and arrangements described herein. SCM Advisory's responsibilities as the Company's nominated adviser under the AIM Rules for Nominated Advisers are owed solely to the London Stock Exchange and are not owed to the Company or to any Director or to any other person.

None of the information in this Announcement has been independently verified or approved by SCM Advisory, SCM or any of their respective partners, directors, officers, employees, advisers, consultants or affiliates. Save for any responsibilities or liabilities, if any, imposed on SCM Advisory or SCM by FSMA or by the regulatory regime established under it, no responsibility or liability whatsoever whether arising in tort, contract or otherwise, is accepted by SCM Advisory, SCM or any of their respective partners, directors, officers, employees, advisers, consultants or affiliates whatsoever for the contents of the information contained in this Announcement (including, but not limited to, any errors, omissions or inaccuracies in the information or any opinions) or for any other statement made or purported to be made by or on behalf of SCM Advisory, SCM or any of their respective partners, directors, officers, employees, advisers, consultants or affiliates in connection with the Company, the Placing Shares or the Placing or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this Announcement or its contents or otherwise in connection with this Announcement or from any acts or omissions of the Company in relation to the Placing. SCM Advisory and SCM and their respective partners, directors, officers, employees, advisers, consultants and affiliates accordingly disclaim all and any responsibility and liability whatsoever, whether arising in tort, contract or otherwise in respect of any statements or other information contained in this Announcement and no representation or warranty, express or implied, is made by SCM Advisory, SCM or any of their respective partners, directors, officers, employees, advisers, consultants or affiliates as to the accuracy, completeness or sufficiency of the information contained in this Announcement.