Company Announcements

 9 October 2023

Pires Investments plc

("Pires" or the "Company")

Result of AGM & Change of Name

Pires Investments plc (AIM: PIRI), the investment company investing in next generation technology with a focus on AI, announces that at its Annual General Meeting ("AGM") held today, all resolutions were duly passed.

Following approval by Shareholders at the AGM, the Company will be changing its name to Mindflair plc. The new name will be reflected by the London Stock Exchange and the Company's London Stock Exchange market ticker will become MFAI (formerly PIRI). The Company's new website address, containing the information required to be published pursuant to Rule 26 of the AIM Rules for Companies, will be announced in due course. The Company's ISIN and SEDOL remain unchanged.

A further update will be provided in due course, once the change of name and ticker have taken effect.

The Directors of the Company are responsible for the release of this announcement.

Enquiries:

Notes to Editors

About Pires Investments plc

Pires Investments plc (AIM: PIRI) is an investment company providing investors with access to a portfolio of next generation technology businesses with significant growth potential.

The Company is building an investment portfolio of high-tech businesses across areas such as Artificial Intelligence, Internet of Things, Cyber Security, Machine Learning, Immersive Technologies and Big Data, which the Board believes demonstrate evidence of traction and the potential for exponential growth, due to increasing global demand for development in these sectors.

For further information, visit: https://piresinvestments.com/

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.