HeiQ Ltd., Fundraise by underwritten open offer to raise up to GBP 8,426,000
Notice of General Meeting

Proposed Share Consolidation and Open Offer
HeiQ Limited (the “Company”) announces today that it has distributed a circular to shareholders via its registrar, Computershare Investor Services plc, regarding a proposed share consolidation and open offer. The details of the proposals are as follows:

Share Consolidation
The Company is proposing to consolidate its current issued share capital on a 1-for-20 basis. Following the consolidation, every 20 existing ordinary shares will be consolidated into one new ordinary share. The proposed consolidation is expected to reset the share price to GBP 1.00 per share.

Open Offer
The Company is launching an open offer to raise approximately GBP 8.4 million, providing eligible shareholders with the opportunity to subscribe for new ordinary shares on a 1-for-1 basis at a subscription price of GBP 1.00 per share.

The open offer is underwritten up to GBP 8 million through irrevocable undertakings from a core group of investors, including:

• Darren Morcombe, founder of Springtide Capital, a private investment company in micro-cap listed companies, venture capital and resource-oriented companies. He was founder, chairman & major shareholder of world’s largest gold refinery company and is a major shareholder of several private and public companies.
• Pierre Lassonde, Co-founder of Franco-Nevada Corporation, the first publicly traded gold royalty company.
• Thomas R. F. Dunn, Chairman of Orbian, a company specializing in supply chain finance solutions.
• Valentin Doronichev Co-founder of Invitro, the largest medical laboratory company in Eastern Europe;
• Carlo Centonze, CEO and co-founder of HeiQ.

The open offer will close on 19 December 2024, and all eligible shareholders are invited to participate.

General Meeting
The Company has convened a General Meeting to seek shareholder approval for the proposed share consolidation and issuance of shares under the open offer. Details of the meeting are as follows:

• Date: 23 December 2024
• Time: 11:00 CET
• Location: HeiQ Swiss headquarters, Ruetistrasse 12, 8952 Schlieren (Zurich), Switzerland

Participation Guidance

• Shareholders holding their HeiQ shares in CREST are advised to contact their broker to take up their entitlements.
• Certificated shareholders will receive communications either electronically or as a hard copy pack, based on their preference registered with the Company’s registrar.
• Shareholders that do not receive information by the above channels are asked to contact the corporate secretary before the 16^th December.

Documentation and Enquiries
The open offer circular and related documentation can be accessed on the Company’s website under Investor Relations | Results, reports and presentations. Shareholders with specific questions regarding the open offer or how to participate are encouraged to contact Ross Ainger. Corporate Secretary, HeiQ Limited.