Issue of Equity re Share Stake Scheme

14 December 2020

Grafenia plc

("Grafenia", "the Group" or "the Company")

Issue of Equity re Share Stake Scheme

Grafenia (AIM: GRA) announces the result of the Share Stake Scheme (the "Scheme"), details of which were announced on 28 April 2020.

The Scheme allowed team members to elect to forgo a proportion of their remuneration receivable from the Company, in return for the receipt of new ordinary shares of one penny each in the Company ("New Ordinary Shares").

A total of 919,032 New Ordinary Shares are to be issued in respect of the Scheme. Details of the final number of New Ordinary Shares to be issued to applicable Directors and their resulting shareholdings are set out below.

Application for Admission

Application will be made for the 919,032 New Ordinary Shares being issued to be admitted to trading on AIM and it is expected that admission will take place on or around 18 December 2020 ('Admission').

Total Voting Rights

Upon Admission, the issued share capital of the Company will consist of 114,490,828 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company from Admission will be 114,490,828. This figure may be used by shareholders as the denominator for the calculations by which they 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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