Reporting Update

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Reporting Update

Alphawave to Report Full Year 2021 Results and Q1 2022 Trading Update on 29 April 2022

LONDON, United Kingdom and TORONTO, Ontario, Canada, 14 April, 2022 - Alphawave IP (LN:AWE, 'the Company'), a global leader in high-speed connectivity for the world's technology infrastructure announces that it will be reporting its full year results on 29 April 2022. The results will also include a trading update for the first quarter of 2022. The 29 April 2022 reporting date represents a short one-week delay and further delays are not expected.

Due to COVID-related staff absences, the Company's auditor, KPMG LLP, has requested additional time to finalise their procedures .

About Alphawave IP Group plc (LSE:AWE)

Faced with the exponential growth of data, Alphawave IP's technology services a critical need: enabling data to travel faster, more reliably and with higher performance at lower power. Alphawave IP is a global leader in high-speed connectivity for the world's technology infrastructure. Our IP solutions meet the needs of global tier-one customers in data centers, compute, networking, AI, 5G, autonomous vehicles, and storage. Founded in Toronto, Canada in 2017, by an expert technical team with a proven track record in licensing semiconductor IP, our mission is to focus on the hardest-to-solve connectivity challenges. To find out more about Alphawave IP, visit: awaveip.com

Related Party Disclosures

KPMG LLP is not a related party of Alphawave IP. All related parties in this press release have been previously disclosed.

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