Company Announcements

KR1 plc - Holding in Company

9 December 2021

KR1 plc

("KR1" or the "Company")

Holding in Company

KR1 plc (KR1:AQSE), a leading digital asset investment company, has received a TR-1 Form, which is reproduced without amendment below.

TR-1: S tandard form for notification of major holdings


NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
FCA in Microsoft Word format if possible) i

1a. Identity of the issuer or the                       KR1 plc
underlying issuer of existing shares to
which voting rights are attached ii:

1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X”
if appropriate)

Non-UK issuer                                                                 X

2. Reason for the notification (please mark the appropriate box or boxes with
an “X”)

An acquisition or disposal of voting rights                                   X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify) iii:

3. Details of person subject to the notification obligation iv

Name                                    Reflexivity Research Limited

City and country of registered office   Road Town, British Virgin Islands
(if applicable)

4. Full name of shareholder(s) (if different from 3.) v

Name

City and country of registered office
(if applicable)

5. Date on which the threshold was      8 December 2021
crossed or reached vi:

6. Date on which issuer notified        9 December 2021
(DD/MM/YYYY):

7. Total positions of person(s) subject to the notification obligation

                    % of voting rights % of voting rights Total of both in % Tot
                    attached to shares through financial     (8.A + 8.B)     al
                     (total of 8. A)      instruments                        num
                                       (total of 8.B 1 +                     ber
                                             8.B 2)                          of
                                                                             vot
                                                                             ing
                                                                             rig
                                                                             hts
                                                                             hel
                                                                             d
                                                                             in
                                                                             iss
                                                                             uer
                                                                             (8.
                                                                             A
                                                                             +
                                                                             8.B
                                                                             )
                                                                             vii

Resulting situation 7.6026%                               7.6026%            11,
on the date on                                                               466
which threshold was                                                          ,57
crossed or reached                                                           6

Position of
previous
notification (if
applicable)



   


8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached viii

A: Voting rights attached to shares

Class/type  Number of voting rights % of voting rights
of          ix
shares
ISIN code     Direct     Indirect               Direct               Indirect
(if          (DTR5.1)   (DTR5.2.1)             (DTR5.1)             (DTR5.2.1)
possible)

IM00BYYPQX3711,466,576              7.6026%

SUBTOTAL 8.       11,466,576                          7.6026%
A

B 1: Financial Instruments according to DTR5.3.1R (1) (a)

Type of     Expiration Exercise/   Number of voting rights that may % of voting
financial   date x     Conversion  be acquired if the instrument is rights
instrument             Period xi
                                   exercised/converted.

                       SUBTOTAL 8.
                       B 1

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
(1) (b)

Type of    Expiration  Exercise/  Physical or cash Number of voting % of voting
financial  date x      Conversion                  rights           rights
instrument             Period xi  Settlement xii

                                  SUBTOTAL 8.B.2



   


9. Information in relation to the person subject to the notification obligation
(please mark the
applicable box with an “X”)

Person subject to the notification obligation is not controlled by any natural X
person or legal entity and does not control any other undertaking(s) holding
directly or indirectly an interest in the (underlying) issuer xiii

Full chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional rows as
necessary) xiv

Name xv % of voting rights if it equals or     % of voting rights through     Tot
          is higher than the notifiable    financial instruments if it equals al
                    threshold               or is higher than the notifiable  of
                                                       threshold              bot
                                                                              h
                                                                              if
                                                                              it
                                                                              equ
                                                                              als
                                                                              or
                                                                              is
                                                                              hig
                                                                              her
                                                                              tha
                                                                              n
                                                                              the
                                                                              not
                                                                              ifi
                                                                              abl
                                                                              e
                                                                              thr
                                                                              esh
                                                                              old

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights
will be held

11. Additional information xvi



   


Place of completion Road Town, British Virgin Islands

Date of completion  9 December 2021