Surface Transforms Regulatory News (SCE)

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Surface Transforms plc

("Surface Transforms" or the "Company")

Exercise of Options

Surface Transforms plc (AIM: SCE) announces that the Company was notified on 11 November 2019 that an employee has exercised options over a total of 20,000 ordinary shares of 1p each in the Company ("Ordinary Shares").

Specifically, on 8 November 2019, an employee exercised options over 20,000 Ordinary Shares at a price of 15.25p per Ordinary Share.

Admission and Total Voting Rights

The new Ordinary Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares of the Company. Application will be made for the 20,000 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence at 8.00 a.m. on 15 November 2019. Following Admission, the total number of voting rights in the Company will be 136,099,016 and shareholders may use this figure 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

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The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.