Sutton Harbour Holdings Regulatory News (SUH)

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 OF SUCH JURISDICTION.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT INTENDED TO, AND DOES NOT, CONSTITUTE OR FORM ANY PART OF, AN OFFER TO SELL OR AN INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES OR THE SOLICITATION OF ANY VOTE OR APPROVAL IN ANY JURISDICTION, NOR SHALL THERE BE ANY SALE, ISSUANCE OR TRANSFER OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT IN ANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAW.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO 596/2014 AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT.

30 July 2021

Sutton Harbour Group PLC

("Sutton Harbour" or "the Company")

Result of Open Offer

On 6 July 2021, the Company published a shareholder circular (the "Circular") in connection with the Open Offer.

The Open Offer closed for acceptances at 11.00 a.m. on 28 July 2021.

The Company is pleased to announce that the Open Offer was fully subscribed. Valid acceptances have been received from Qualifying Shareholders in respect of 13,100,170 Open Offer Shares under their Basic Entitlements, and for 899,830 Open Offer Shares under the Excess Application Facility.

Qualifying Shareholders who have validly applied for their Basic Entitlement will receive this in full. Applications for Open Offer Shares under the Excess Application Facility will also be received in full by Qualifying Shareholders.

The Company has therefore raised gross proceeds of approximately £3.5 million through the Open Offer. It is expected that the Admission of the 14,000,000 Open Offer Shares will become effective at 8.00 a.m. on 3 August 2021.

Open Offer Shares to be held in uncertificated form are expected to be credited to CREST accounts on 3 August 2021 and share certificates for the Open Offer Shares to be held in certificated form are expected to be despatched to shareholders within 10 days of the day of admission.

The Open Offer remains conditional upon, inter alia, Shareholder approval of the Resolutions at the General Meeting to be held later today and Admission.

Capitalised terms used in this announcement shall have the same meanings given to them in the Circular.

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