DeepMatter Group PLC (DMTR.L) Placing, Subscription and Open Offer

DeepMatter Group Plc (AIM: DMTR) (“DeepMatter” the “Company” or the “Group”), the international digital chemistry data company , today announces a placing and subscription to raise gross proceeds o f £ 2.55 million, at a price of 0.1 pence per new ordinary share of 0.01 pence each.

Following DeepMatter’s announcement on 17 December 2021 that it was in discussions around raising equity investment, the Placing and Subscription will enable the Group to move forward without the need to re-evaluate its strategy and outlook.

The Placing and Subscription is being financed by a small number of new professional individual investors and existing institutional shareholders.

In addition to the Placing and Subscription, the Group is proposing to raise up to £0.25 million by way of an open offer which will be available to all Qualifying Shareholders at the Record Time (the “Open Offer”, together with the Placing and the Subscription, the “Fundraise”).

The Placing is being made on the basis of the terms and conditions set out in the Appendix below. The Placing is being conducted by Canaccord Genuity Limited (“Canaccord Genuity”) as Nomad, Sole Bookrunner and Broker (the “Broker”).

The Circular will be sent to Shareholders early in 2022 which sets out further details on the proposed Fundraise and will contain the notice convening the General Meeting for the purpose of considering the Resolutions and associated matters.

Further to the announcement made on the 17 December 2021, DeepMatter continues to engage with Standigm over the multi-year deal as outlined. However, the Directors now believe that this contract will now be signed in 2022, which will result in revenue for 2021 being lower than Director’s expectations.

The Group is dependent on the completion of the Fundraise and the receipt of the net proceeds of the Fundraise in order for it to continue to meet its forecasts and execute its strategy. In the event that the Resolutions are not passed at the General Meeting and the Fundraise is not completed, the Board would have to immediately re-evaluate the strategy and outlook of the Group .

For more information, please contact:

DeepMatter Group plc

T: 0141 548 8156

Mark Warne, Chief Executive Officer

Canaccord Genuity Limited (Nominated Adviser and Broker)

T: 020 7523 8000

Bobbie Hilliam

Georgina McCooke

EXPECTED TIMETABLE OF PRINCIPAL EVENTS
Announcement of the Placing, Subscription, and Open Offer

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24 December 2021: Record Date for entitlements under the Open Offer

30 December 2021: Publication and posting of the Circular, the Form of Proxy and to Qualifying Non-Crest Shareholders, the Application Form

4 January 2022: Ex-entitlement Date for the Open Offer

8.00 a.m. on 4 January 2022: Open Offer Entitlements and Excess CREST Open Offer Entitlements credited to stock accounts of Qualifying CREST Shareholders in CREST

as soon as possible after 8.00 a.m. on 4 January 2022: Recommended latest time for requesting withdrawal of Open Offer Entitlements and Excess CREST Open Offer Entitlements from CREST

4.30 p.m. on 12 January 2022: Latest time and date for depositing Open Offer Entitlements and Excess CREST Open Offer Entitlements into CREST

3.00 p.m. on 13 January 2022: Latest time and date for splitting Application Forms (to satisfy bona fide market claims only)

3.00 p.m. on 14 January 2022: Latest time and date for receipt of Forms of Proxy and CREST voting instructions

11.00 a.m. on 18 January 2022: Latest time and date for receipt of completed Application Forms and payment in full under the Open Offer and settlement of relevant CREST

instructions (as appropriate): 11.00 a.m. on 18 January 2022

Announcement of the result of the Open Offer: 19 January 2022

General Meeting: 11.00 a.m. on 20 January 2022

Announcement of the results of the General Meeting: 20 January 2022

Admission and dealings in the Placing Shares, Subscription Shares and Open Offer Shares expected to commence on AIM

8.00 a.m. on 21 January 2022: Expected date for CREST accounts to be credited for Placing Shares , Subscription Shares and Open Offer Shares to be held in uncertified form

8.00 a.m. on 21 January 2022; Despatch of definitive share certificates in respect of the Placing Shares, Subscription Shares and Open Offer Shares to be held in certificated form, if applicable by 4 February 2022


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