Satsuma Tech. Regulatory News (SATS)

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. The Directors of the Company are responsible for this announcement

09 July 2025

TAO Alpha PLC

("TAO", "TAO Alpha" or "the Company")

(To be renamed Satsuma Technology PLC)

Exercise of Warrants

The Company announces that it has received notice of exercise of warrants from a warrant holder exercising 1,400,000 warrants over ordinary shares of £0.001 each in the Company ("Ordinary Shares") at an exercise price of 3p per Ordinary Share. As a result, the Company will issue a total of 1,400,000 new Ordinary Shares to the exerciser.

Application will be made for the 1,400,000 new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the London Stock Exchange Main Market ("Admission"). Dealings are expected to commence on or around 15 July 2025.

Following Admission, the Company's total issued and voting share capital will consist of 472,299,200 Ordinary Shares. The Company does not hold any ordinary shares in treasury.

Therefore, the above figure may be used by shareholders in the Company as the denominator for the calculation 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.

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