Supply@me Cap Regulatory News (SYME)

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU, WHICH IS PART OF UNITED KINGDOM DOMESTIC LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

5 April 2024

Supply@ME Capital plc

(the "Company", "Supply@ME" or "SYME" and, together with its subsidiaries, the "Group")

Business update: progress made on all the on-going streams

SYME, the fintech business which provides an innovative fintech platform (the "Platform") for use by manufacturing and trading companies to access Inventory Monetisation© ("IM") solutions enabling their businesses to generate cashflow, provides the following business update, following the Company RNS announcement made on 29 February 2024. Terms defined in this RNS have the same meaning as those in the RNS released on 29 February 2024.

White-label IM business line

The Company announced that SYME and the working group (as referred to in the RNS announcement made on 3 January 2024 and includes Banco BPM S.p.A. - "BBPM" - and the WL Client Company) have been working closely to draft, review and finalise the detailed commercial contracts which will implement the commitment received from BBPM. Alongside this, the working group has been progressing the onboarding of the identified remarketers, at the same time as evaluating the opportunity for one of the remarketers to undertake a separate dedicated IM transaction. SYME had expected the contracts to be completed by the end of March 2024.

As of today, SYME, the working group and the external legal teams are finalising the review of the commercial contracts and further meetings are planned in the month of April with the list of eligible remarketers identified by BBPM to finalise:

- the remarketing commitment with the leading producer of the famous Italian cheeses, that is also a client of BBPM, to underpin the execution of the IM transaction; and

- the signed term sheet with the same remarketer to enable an ad hoc additional IM transaction with the remarketer.

Digital assets route

The Company continues to make solid progress in structuring a security token framework with the CH Trading Hub, owned by Société Financière Européenne S.A. ("SFE"), which will allow a first security token issuance up to USD$100 million to be subscribed in tranches, largely by institutional investors who are active in the digital asset markets as announced in the RNS of 29 February 2024. SYME and the CH Trading Hub continue to be in advanced discussions with an asset manager specialising in digital assets to secure a first commitment of USD$5 million, together with the involvement of a regulated crypto exchange which can support the distribution of the security token to its investor base to progress the completion of the programme.

As of today, SYME confirms that through the strategic partnership with the CH Trading hub it has secured a commitment of USD$5 million from the asset manager specialised in digital assets and the team is working, alongside the crypto exchange and an investment bank focussed on digital assets, to raise an additional ticket worth USD$5 million to execute, within the overall US$100 million programme, an initial IM transaction with a pre identified Client Company who are part of the current SYME' pipeline.

Cooperation with investment banks and asset managers

The Group has continued to work with an investment banking division of an Italian neo banking group, who has expertise in the adoption of the PNP Regulation, and two different asset fund managers, to evaluate their potential participation in respect of ad hoc IM programmes.

The Company has made tangible progress on this stream and will update the market in due course regarding how SYME and the CH Trading Hub aim to launch specific IM programmes based on the traditional funding route, leveraging the securitisation company authorised in Luxembourg and owned by SFE and the SYME's current pipeline.

For the purposes of UK MAR, the person responsible for arranging release of this announcement on behalf of SYME is Alessandro Zamboni, CEO.

Contact information

Alessandro Zamboni, CEO, Supply@ME Capital plc, investors@supplymecapital.com

Notes

SYME and its operating subsidiaries provide its Platform for use by manufacturing and trading companies to access inventory trade solutions enabling their businesses to generate cashflow, via a non-credit approach and without incurring debt. This is achieved by their existing eligible inventory being added to the Platform and then monetised via purchase by third party Inventory Funders. The inventory to be monetised can include warehoused goods waiting to be sold to end-customers or goods that are part of a typical import/export transaction.