Change of Name

11 February 2021

Spinnaker Opportunities Plc

("Spinnaker" or the "Company")

Change of Name

In accordance with the Company's Articles of Association, and with the consent of its acquisition target Kanabo Research Ltd, Spinnaker Opportunities Plc announces today that it has changed its name to Kanabo Group Plc using the authority granted to its Directors.

This measure has been taken in advance of its General Meeting to be held on Monday 15 February 2021 to help facilitate trading upon the expected return to trading on Tuesday 16 February 2021. Covid-19-related delays have been experienced by other firms in the name change process and the Board deemed it prudent to enact the name change ahead of time.

Shareholders will have the opportunity to consider the name change as a resolution at the General Meeting. Should shareholders vote against the proposed resolution, Directors will undertake a further change of company name.

For further information, please visit http://www.spinnakeropportunities.uk/ or contact the following:

Kanabo Group Plc (formerly known as Spinnaker Opportunities Plc)

Tel: +44 (0)7980 878561

Andy Morrison

Peterhouse Capital Limited (Financial Adviser)

Tel: +44 (0)20 7469 0930

Eran Zucker / Guy Miller / Allie Feuerlein

Peterhouse Capital Limited (Corporate Broker)

Lucy Williams / Charles Goodfellow

SI Capital (Placing Agent)

Tel: +44 (0)1483 413 500 / +44 (0) 203 871 4038

Nick Emerson / Greg Mahoney

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement