Company Announcements

Collagen Solutions plc

(the "Company")

Allotment of shares to employee benefit trust and Norgine

Statement of Total Voting Rights

Collagen Solutions plc (AIM: COS), the developer and manufacturer of biomaterials and regenerative medicines for the enhancement and extension of human life, announces that:

·    on 19 October 2020 it allotted 18,625,000 new ordinary shares of £0.01 each in the Company ("New Ordinary Shares") to the trustee of the Collagen Solutions plc Employee Benefit Trust to facilitate the satisfaction of certain option exercises; and

·    on 20 October 2020 it allotted a further 2,325,764 new ordinary shares of £0.01 each in the Company (the "Further New Ordinary Shares") to Norgine Ventures Fund I S.C.A. SICAR ("Norgine") in satisfaction of the exercise of the warrants granted to Norgine pursuant to a warrant instrument issued in 2017, as subsequently adjusted under the terms of that instrument.

Both the above allotments relate to the satisfaction of proposals made by Rosen's Diversified, Inc. ("RDI") under Rule 15 of the Takeover Code in connection with its recommended cash offer (the "Offer") to acquire the entire issued and to be issued ordinary share capital of the Company not already owned by RDI.  As stated in the announcement by RDI this morning, the Offer has been declared unconditional in all respects.

It is anticipated that the New Ordinary Shares and the Further New Ordinary Shares (which will rank pari passu in all respects with the existing ordinary shares of the Company) will be admitted to trading on AIM on or around 21 October 2020 ("Admission"). Following Admission, the Company's issued share capital will comprise 467,829,674 ordinary shares with voting rights and that figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The Company does not hold any shares in treasury.

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